Building a costly liquefied natural gas (LNG) terminal is the only way for Cyprus to export its hydrocarbons, says head of Cyprus’ state hydrocarbons company (KRETYK) Charalambos Ellinas.

Former Eurogroup president Jean-Claude Juncker says Cyprus’ financial problems should be addressed with the same care demonstrated in the case of Greece, Ireland and Portugal.

The Lebanese Ministry of Telecommunications (LMoT) and Cyprus Telecommunications Authority (Cyta) will jointly provide a telecommunications bridge between Lebanon and Europe via Cyprus. LMoT and Cyta, a corporate body wholly owned by the Republic of Cyprus, have announced that they have entered into an agreement to cooperate by sharing capacity on Cyta’s ALEXANDROS cable subsystem between Cyprus–Egypt–France, thereby creating reciprocal Eurasia and Eastern Mediterranean business opportunities.

The government’s concession agreement with a private investor on the development and management of Larnaka and Pafos International Airports has been awarded the Best Transport Project award by the World Finance Magazine.

US President Barack Obama has nominated scientist Ernest Moniz, one of the founding members of the Cyprus Institute, as US Secretary of Energy.

Unit for Combating Money Laundering (MOKAS) Head Eva Papakyriakou has said that an evaluation of Cyprus’ legal framework on combating money laundering and its implementation is expected to begin in mid March, noting that the evaluation concerns only the financial system.

The discovery of natural gas in the Eastern Mediterranean is changing the geopolitics and economics of the region in ways that are still evolving, according to new research.

Cyprus has an extensive network of almost 50 Double Tax Treaties and has now successfully concluded a treaty with Spain.

Governor of the Central Bank of Cyprus Panicos Demetriades is reported to be in London for meetings with people who could be interested in investing in Cyprus’ banking sector.

Ruling party DISY says statements made by a European Central Bank policymaker not ruling out a haircut of bigger depositors in Cypriot banks, only served to undermine the credibility of the eurozone.