Cyprus can be a core of medical science in the Middle East with the opening of the Medical School from this academic year, Dean of the Medical School of the University of Cyprus (UCY) Andreas Adam told CNΑ.

The government is not in a rush to revise its estimates upwards despite encouraging data, the finance minister said on Thursday, adding that measures will be taken to keep the economy on track but they will not include taxes.

The Natural Gas Public Company (DEFA) has been given until the end of the month to wrap up its tender for the purchase of interim natural gas.

The European Commission has launched a new project to strengthen efforts already in place to preserve Cyprus’ cultural heritage across the island.

The Health Ministry has decided to grant temporary licences to doctors from third countries interested in providing treatments and performing operations on foreign patients in Cyprus that are not provided by Cypriot doctors on the island.

The government will set aside almost €299 million to compensate provident and pension funds that had money deposited in Laiki Bank, now in the process of being closed.

Cyprus fiscal deficit reached 2.17% of GDP during the first seven months of 2013, compared to 3.44% during the same period in 2012.

The first production test of natural gas will begin on Thursday at Aphrodite A-2 in Block 12 of Cyprus’ Exclusive Economic Zone.

The Commerce Ministry has found a suitable area where the gas installations on Larnaca’s coast can be moved to, says Interior Minister Socrates Hasikos.

Industrial producer prices increased in July in the EU and the Eurozone, while a drop was recorded in Cyprus, according to data released by Eurostat on Tuesday.