ENI/Kogas and Noble Energy expected to drill exploratory wells in Cyprus’ Exclusive Economic Zone in 2014, with French Total to follow in 2015.

The European Stability Mechanism (ESM) approves the disbursement of €150 million to Cyprus, following the positive assessment of the third quarterly review of the island’s macroeconomic adjustment programme.

Cyprus will receive this year a total of €8.6 million from Erasmus+, a 14% increase compared with the funding it received in 2013, say Head of the European Commission Representation in Cyprus George Markopouliotis and Deputy Head of the European Parliament Office in Cyprus Alexandra Attalides.

The cooperative movement will seek funding from third parties, says the General Manager of the Cooperative Central Bank Marios Clerides.

MTN, a pioneer in helping Cyprus become a member of the digital society, is participating in the Digital Agenda 2020 of the European Union, representing Cyprus, with the support of the first Digital Championship and the submission of proposals.

The President of the Eurogroup and Dutch Finance Minister Jeroen Dijsselbloem following a meeting with Cyprus President and Finance Minister says that the group of Eurozone finance ministers would continue to support Cyprus.

A new commercial project by Cybarco, The Oval officially launched only recently, has already sold two top floors of executive office space.

The recent presentation of Cypriot Universities in Greece’s Patra and Kalamata was part of an effort to promote Cyprus as an international training centre and to attract prospective students to the island’s Greek Cypriot Universities.

Cyprus aspires to become in the long run an alternative provider of energy to meet EU needs, says the Energy Minister.

IMF Managing Director Christine Lagarde has praised the Cyprus authorities for keeping rescue program implementation on track.