Cypriots have made their home across the globe, but outer space remains as yet unexplored territory, however a newly launched company hopes to change that and plans to land a robot on the Moon by the end of 2015.

Korea is determined to increase its commercial presence in Cyprus, following the successful deal concluded last month with a consortium of South Korea's KoreaGas Corp and Italy’s Eni (ENI/KOGAS) for hydrocarbon exploration licenses in three offshore blocks.

Cyprus continues to be an excellent export platform for foreign and local investors irrespective of current conditions and the country has every possibility to play a catalytic role in the region’s financial growth, says President of Cyprus Demetris Christofias.

French energy giant Total has been granted a license to carry out hydrocarbon explorations in two offshore blocks in Cyprus’s Exclusive Economic Zone (EEZ).

Rapid changes in the global tourism industry, new prospects for Cyprus, and increasingly intense competition will be in focus at the annual Cyprus Hotels Association (PASYXE) conference in Nicosia next week.

Russia is considering extending the maturity of a €2.5 billion loan to help Cyprus manage its debt crisis, rather than offering a new loan.

Russia is considering extending the maturity of a €2.5 billion loan to help Cyprus manage its debt crisis, rather than offering a new loan.

The Cabinet has approved the establishment of the Energy Policy Council with a view to hold regular briefings and exchange of views between the Minister of Commerce and parliamentary parties on energy matters.

The Natural Gas Public Company (DEFA) has received eight proposals from companies interested in supplying the island with natural gas.

Cyprus could become one of the major natural gas liquefaction terminals in the world, says Minister of Commerce, Industry and Tourism Neoclis Sylikiotis.