UK Cypriot Demis Hassabis, co-founder of an artificial intelligence company, has sold his firm to Internet giant Google for €300m (£242m).

Cyprus and Israel will be cooperating in a joint research programme that has a budget of half a million euros, the Research Promotion Foundation (RPF) has announced.

For the second time over the last couple of months, Turkey has encroached into Cyprus’ Exclusive Economic Zone (EEZ), dispatching research vessels to waters south and southwest of the island.

The road to economic recovery may be long and fraught with obstacles, but there are encouraging signs that Cyprus can make it, says President Anastassiades.

The Cyprus Government, within the framework of its efforts to promote the creation of the Cyprus Science Technology Park (STP) in Limassol, has invited interested parties for an Initial Expression of Interest.

Legislation to grant a 25% discount on taxable income for labour costs to employers who hire registered unemployed was recently discussed at the House Finance Committee.

Russia’s giant Alfa Banking Group is very close to buying Bank of Cyprus’ shareholding in Ukrainian subsidiary PJSC at the price of €225 million.

State carrier Cyprus Airways has won a distinction by the Ben Gurion Airport in Israel for the accuracy as regards its departure times in 2013.

Real GDP growth for the whole of 2014 is projected at -5.4%, an improvement over the -8% rate anticipated earlier, according to the Economics Research Centre of the University of Cyprus.

President Anastasiades returned from his three-day official visit to Qatar where several bilateral agreements were signed and investment prospects discussed, describing it as a "productive visit".