By adopting a privatizations bill, Cyprus has fulfilled the prerequisites in order to receive the next tranche of its bailout, a senior European official has said.

French company Total expects to start drilling in Cyprus’ Exclusive Economic Zone (EEZ) in mid 2015, says the firm's Managing Director.

The Council of the EU made clear that deposits in Cyprus are guaranteed only if not exceeding €100,000, excluding any support from European institutions for providing further guarantees from Cyprus Government.

Europe's leading low-cost carrier, Ryanair is launching a handful of new routes from Cyprus next month, as it reports a 7% year-on-year increase in passenger traffic.

Cyprus Tourism Organistion Director Marios Hannides at a tourism fair in Berlin, says he is cautiously optimistic of a boost from the German market in 2014.

The House Legal committee is determined to press ahead with finalising a bill to protect families’ primary residence, placing the bill’s estimated date of submission to a plenary vote around the end of March.

Unemployment is expected to reach 19% this year and long-term unemployment is considered the biggest risk factor in returning to employment, according to recent Finance ministry data.

A wide range of issues relating to the energy sector, and the role of Cyprus within it, will be the focus of the 3rd Cyprus Energy Symposium, which will take place on March 27-28 in Nicosia.

Red tape costs Cyprus €1bn a year, it emerged recently and members of parliament expect it to be reduced through electronic governance.

Cyprus’ Integrated Maritime Policy (IMP) aims at full utilization and sustainable development of its seas and recognises 'Blue Growth' as a basic pillar of revitalizing the Cyprus economy, says Communications and Works Minister.