The cabinet recently licensed energy companies ENI and Total to explore block seven of Cyprus’ exclusive economic zone (EEZ) and approved a partnership between the two in five other blocks.

Insecurity caused by continuous changes in the foreclosures law are not only taking their toll on the country’s banks but have a broader effect on the local economy bringing down the local stock market heavily depended on banking stocks.

LED lights will likely replace all conventional street lights in Cyprus by 2020, way earlier than the global goal which is to have 90% of street lighting in the form of LED lamps, senior manager at the Electricity Authority (EAC) Yiangos Frangoulides has said.

Halloumi exports reached 29,000 tons in 2018, acting permanent secretary of Agriculture Ministry Andreas Louca has said.

Paphos tourism authorities are concerned because Cyprus is no longer one of the first choices as a destination for visitors.

Each year during a four-week period to select the winners. Luxury spas & restaurants have the opportunity to participate in the World Luxury Awards by entering categories that showcase their unique selling points, destinations and facilities.

The government has signed a memorandum of understanding with local financial institutions for the implementation of the Estia scheme, which comes into effect in September 2019, designed to bailout distressed homeowners holding toxic mortgages.

According to Eurostat’s latest publication regarding Cyprus Citizenship, Cyprus granted a total of 5,517 citizenships to 1,315 Russians, 502 Britons and 481 Ukrainians, during the year 2017.

The European Investment Bank (EIB) will not do any new lending in Turkey linked to the government until at least the end of 2019 while it carries out a strategy review.

Energy Minister Yiorgos Lakkotrypis departs on 24th July 2019 for Cairo, where he will take part in the 2nd ministerial meeting of East Mediterranean Gas Forum, together with his counterparts of Egypt, Greece, Israel, Italy, Jordan and Palestine.