The Energy Minister has discussed the way forward on hydryocarbons exploration in Cyprus’ Exclusive Economic Zone with three of ENI’s vice chairmen who were on the island recently.

The shipping sector has proven to be a resilient force in Cyprus economy, with the primary ship-management sector growing to 5.1% of GDP and the maritime industry as a whole adding to national output.

Nicosia launches its big push to secure the licence for the island’s first-ever casino resort, and like each of the other main districts, says the capital is the optimum location.

Having welcomed its first residents and yachts in 2013, Limassol Marina says it is now accessible to every local, tourist or visitor, as well as its boat and property residents.

Sustainable development of maritime transport was discussed at an international Ministerial meeting on maritime issues that took place in Limassol recently.

The western coastal town of Paphos holds the lead in sales to foreign buyers for the fifth consecutive month in 2014, based on the deeds submitted to the Land Registry for this period, representing 36% of sales.

The world's largest hotel online search engine 'trivago' has found staying in a hotel in Cyprus in June 2014 is an average 4% cheaper than during the same period last year. The trivago Hotel Price Index (tHPI,) takes into consideration the average overnight accommodation prices for a standard double room.

The Cyprus economy will shrink by a less than expected 3.1% in 2014, according to the latest monthly forecast by Sapienta Economics, a Nicosia-based consultancy.

Propane gas-powered vehicles will be legally available by early 2015, deputies at the House Commerce Committee heard recently.

Cyprus has appointed six international banks to arrange meetings with bond investors in Europe, revealing plans to return to international markets at least a year earlier than envisaged under its bailout programme.