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.

New President Nicos Anastasiades has announced his ‘Dream Team’ cabinet, comprising technocrats, politicians and academics who will deal with a multi-billion rescue from international lenders.

Nicos Anastasiades has won Cyprus' presidential runoff vote, winning 57.48% of the vote, one of the highest in the Republic’s history.

French energy giant Total is expected to start drilling for natural gas exploration in the eastern Mediterranean near the Cyprus coast some time in 2014.

International Monetary Fund chief Christine Lagarde said the solution to Cyprus’ economic woes must be comprehensive, without however offering any details on how it would be achieved.