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.

With the former Laiki now BoC’s biggest shareholder, issue of how voting rights will be exercised is debated.

IMF confirms Cyprus' co-op banks will be recapitalised without a depositor ‘bail-in’.

The European Central Bank yesterday gave troubled lender Bank of Cyprus (BoC) the green light to resume drawing liquidity from the Eurosystem posting sovereign bonds as collateral.