A framework agreement has been signed in Cairo for the construction and commissioning of the EuroAfrica Interconnector which will link the electricity networks of Egypt and Cyprus, it was announced recently.

A little-known Limassol-based investor group is planning to strike it rich in the Eastern Mediterranean natural gas industry by unlocking hundreds of billions of dollars of sales mired in the complexities of the region.

Half of the flats of Cyprus’ tallest building, the ‘360’ in Nicosia have been sold as the €80 million project belonging to 101 Development Ltd picks up speed.

The Horizon 2020 and Horizon Europe research missions are a fast and effective way of connecting to the public, the director general at the Department of Research and Innovation of the EC, Jean Eric Paquet said recently.

Cyprus plans to carry out eight offshore drills for hydrocarbons over the next 24 months, the government revealed recently.

EY Cyprus was named Cyprus Tax Firm of the Year for the second consecutive year and Cyprus Transfer Pricing Firm of the Year by ITR in recognition of the high quality tax services offered. The ITR European Tax Awards take place annually aiming to recognise distinguished tax service providers across Europe.

DBRS rating agency has said that Cyprus faces significant credit challenges related to its still sizable non-performing exposures (NPEs) in the banking sector, high levels of private and public sector debt, external imbalances, and the small size of its service-driven economy, which exposes Cyprus to adverse changes in external demand.

The European Commission’s Director-General for Research and Innovation Jean-Eric Paquet will be in Cyprus on May 21 and 22, 2019.

Finance Minister, Harris Georgiades, said recently that the confirmation of Cyprus’ credit rating by Canadian rating agency DBRS was a positive development.

DBRS Ratings Limited (DBRS) has confirmed Cyprus’ Long-Term Foreign and Local Currency – Issuer Ratings at BBB (low).