A hefty fine to the tune of €11,000 per day may be imposed on Cyprus by the EU, should the House fail to enact legislation harmonising Cyprus with the directive on renewable energy.

The European Central Bank (ECB) has pointed the finger at the Central Bank of Cyprus (CBC) as being solely responsible for the provision of excessive funds from the Emergency Liquidity Assistance (ELA) mechanism to the now-defunct Laiki Bank.

Cyprus University of Technology has been awarded the DS Label (Diploma Supplement Label) by the European Commission.

Around 100 participants will take part in a five-day Famagusta Ecocity Project Design Studio led by MIT to draft design proposals for turning ghost town Varosha into a reunited ecocity.

The troika of international lenders 'held a gun to the head' of Cyprus and Portugal and showed little sympathy for social measures, an MEP looking into its work has said.

The first trestles of the jetty at the under-construction oil storage terminal of VTTV at Vasiliko have been installed.

The Foreign Minister and a delegation from FIABCI-Cyprus have discussed the efforts to upgrade FIABCI-Cyprus into a Multinational Department in the Mediterranean and the Middle East of FIABCI-International.

The Department of the Registrar will operate electronically by next March, says President of the Republic Nicos Anastasiades.

The government has drafted a bill that establishes a national watchdog for the financial sector, however there is concern among some MPs that the legislation lacks real bite.

Cyprus, Greece and Malta will intensify their cooperation to promote common interests both within and outside the EU, says Communications and Works Minister Tasos Mitsopoulos.