The creation of a mediation service as a means for conflict resolution was announced yesterday by the Cyprus Chambers of Commerce and Industry (KEVE) The idea is to reduce both the exorbitant costs and time associated with conventional litigation, KEVE said.

The new Limassol Marina is an impressive development, according to tourism minister George Lakkotrypis on his first official visit to the marina yesterday.

Cypriot officials discuss the government’s energy plans with the troika of international lenders, with a special focus on the discovery of natural gas in Cypriot waters.

Saving Bank of Cyprus, restoring confidence in the banking system, providing market liquidity, restructuring loans and balancing the imposition of capital controls are the most urgent issues today.

Cyprus’ ability to earn funding by competing with others across the European Union speaks highly of the level of research the country is capable of, says director general of Cyprus’ Research Promotion Foundation.

Sheikh Tamim Bin Hamad Al Thani, the Emir of the State of Qatar, has expressed the wish that Cyprus and his state will develop bilateral relations in all fields.

The final evaluation of Cyprus Popular Bank assets is expected to be delivered by KPMG London this week.

The European Commission is expected to issue its opinion on a restructuring plan of Cyprus’ national air carrier, Cyprus Airways, by the end of October, says Cyprus Airways Board of Directors Chairman Tony Antoniou.

Cypriot businesspeople have requested the restoration of stability and confidence in the banking system which would enable the lifting of capital restrictions imposed on the economy, following a €10 billion bailout to Cyprus, which included a haircut on uninsured deposits.

Central government public debt increased by €2 billion from March 31 to July 1, 2013, a period during which short term securities remained the only new market issuance activity, according to the quarterly bulletin of the Cyprus Ministry of Finance Public Debt Management Office.