The state owes over half a billion euros to people whose properties have been appropriated, the House Watchdog Committee hears.

Despite the March 2013 bailout, Cyprus maintains several of the advantages that render it an attractive investment center, the Cyprus Securities and Exchange Commission (CySEC) chief says.

The cooperative sector has managed a breakthrough in a matter of months and it should continue on course, Minister of Finance Harris Georgiades says.

Despite a slight decrease recorded in tourist arrivals in 2013, it is considered a very satisfactory year with a 9% increase in tourism revenue in one of the island's hardest years for the economy.

University of Cyprus (UCy) assistant physics professor Dr. Constantinos Skordis has won a €1.2m consolidator grant from the European Research Council (ERC) in order to test the assumptions of the governing theory of gravity, Einstein’s General Relativity.

The government is taking the first step towards improving state provided health care, with the head of Nicosia General Hospital announcing a number of changes in the current service system that will take place shortly.

An intercity tramway, coastal piers, seaweed energy and even a brand new canal were just some of the ideas revealed by student architects and designers working on the Famagusta Ecocity Project.

An environmentally friendly European project aimed at reusing by-products from tyre recycling in expensive concrete structures was launched by the Communications Minister at the University of Technology (TEPAK) in Limassol.

Budget airline Ryanair is pushing its way into the highly lucrative Athens route by launching a new daily flight in April from Paphos (PFO) to Eleftherios Venizelos (ATH) with an introductory offer of just €12 each way.

Leading Cyprus-based pharmaceuticals company Medochemie Ltd has been named as one of the final 100 businesses and Ruban d’Honneur recipients in the 2013/2014 European Business Awards.