Noble Energy, operators of the Block 12 offshore licence, has reportedly renewed a proposal for piping gas from the Aphrodite well for the purpose of domestic electricity generation.

The undersecretary to the president is currently in Las Vegas to sound out the big five casino companies on possibly investing in a casino resort in Cyprus.

Cyprus plans spending cuts to achieve a primary budget deficit lower than the level targeted by the bailed-out island’s international lenders, the finance minister has said.

President Nicos Anastasiades has completed a two-day official visit to Kuwait during which the two states signed a number of agreements aiming to strengthen ties.

The completion of the recapitalisation and restructuring process of Cypriot banks should improve confidence and contribute to funding stability in the system, Fitch Ratings said on Tuesday, warning however that lenders remained vulnerable to funding and liquidity risks.

Cyprus and Kuwait have signed a series of agreements during a two-day official visit to the Gulf state by President Nicos Anastasiades.

Cyprus and Kuwait have signed a series of agreements, during a two-day official visit to the Gulf state by President Nicos Anastasiades.

President Nicos Anastasiades has appealed to the International Maritime Organisation (IMO) and European Commission to “exert influence and leverage” towards lifting the illegal Turkish embargo on Cypriot shipping.

Sun and the sea are still the key criteria for 95.6% of those who choose Cyprus as a tourist destination, according to a survey published yesterday by PricewaterhouseCoopers (PwC).

Cyprus has many positives that could boost the flagging real estate market, despite the current economic crisis, according to Flavio Gonzaga Nunes, World President of the International Real Estate Federation (FIABCI).