Cyprus, Israel and Greece are signing a 'historic' memorandum of understanding (MOU) on energy and water issues, paving the way for the further strengthening of relations between the three countries.

TheCentral Bank of Cyprus (CBC) will hold talks with interested parties in a bid to come up with the best solution regarding the shares held by defunct Laiki Bank in the Bank of Cyprus (BoC).

The European University Cyprus has been given approval by the education ministry to start a medical school in the coming year, making this the first private university to provide a medical programme evaluated by the ministry.

A Memorandum of Understanding (MoU) between Cyprus, Israel and Greece on energy matters will be signed here during a visit by Greek Minister of Environment, Energy and Climate Change, Yiannis Maniatis.

Harmonised annual inflation stood at 0.7% in July 2013 compared to 3.8% in July 2012 and in relation to 0.8% in June 2013, according to data released by the Cyprus Statistical Service.

The numberof building permits authorised by the municipal authorities and the district administration offices during May 2013, stood at 380, announced the Statistical Service of the Republic of Cyprus.

Negotiations between Cyprus and Noble-Delek over the construction of a natural gas liquefaction terminal are entering a substantive phase, said Energy Minister George Lakkotrypis.

President Nicos Anastasiades has expressed his conviction that Cyprus would pull through and overcome its problems, saying the fruits of today’s labour would be properly felt by 2015.

The Cyprus Department of Merchant Shipping has licensed a leading provider of maritime security solutions to supply armed and unarmed escort guard services on its flagged vessels transiting piracy high-risk areas.

The Co-operative Movement hopes to regain ownership of its banks within five years of their nationalisation, said outgoing general manager of the Central Co-operative Bank (CCB) Erotokritos Chlorakiotis yesterday.