Details of the government’s agreement with Britain to concede the right of development to owners of property in the Sovereign Base Areas (SBA) were recently unveiled by Interior Minister Sokratis Hasikos.

The public can learn more about EU funding opportunities and how to obtain part of the €950 million allocated to Cyprus from European structural and investment funds for the period 2014-2020.

Low-cost carrier Ryanair recently launched its Paphos 2014 schedule, with eight routes in total, which will deliver over 550,000 customers a year and support over 550 on-site jobs at Paphos airport.

The music streaming service Rdio has expanded to nine new countries in Europe and Asia, including Cyprus and is now available in 60 countries worldwide.

Innovations in the reduction of ship operating costs were the main focus of discussion at the International Conference on Ship and Offshore Innovations 2014 that took place recently in Limassol.

The Minister of Health recently discussed in Geneva the need for more involvement of the World Health Organization in implementing Cyprus' obligations relating to health matters, under the MoU signed with the troika.

Eurofreight Logistics, one of Cyprus' leading logistics services companies with integrated solutions in the transportation industry, signs a major agreement with UAE based Al-Futtaim Logistics, following a successful three-month trial period.

The legal framework to address the issue of non-performing loans (NPLs) needs to be in place by the end of 2014, said President Nicos Anastasiades recently, while referring to an increased foreign investment interest.

Tourism Minister Giorgos Lakkotrypis recently predicted an increase of between 5.0 and 8.0% in tourism for 2014, with arrivals in April recording a 12% spike.

The Cyprus economic adjustment programme is on track, Delia Velculescu, IMF mission chief for Cyprus, said recently, adding that confidence has continued to improve.