Energy companies active in the island’s exclusive economic zone urged the government to think bigger, and cautioned that much needs to be done to improve existing infrastructures that support offshore drilling.

The Cyprus Securities and Exchange Commission (CySEC), the island’s regulator of financial services and investments, has revised the directive for the investors’ compensation fund (TAE), to benefit individuals who lose their money when a KEPEY investment fund goes belly up.

The gas find in Glafcos (Glaucus) 1 well in Block 10 of the island’s exclusive economic zone (EEZ) is expected to yield large revenues, the Energy Minister Giorgos Lakkotrypis said recently.

RCB recently presented the key pillars of its five-year strategy in the domestic market, which aims at further organic growth, business expansion in Cyprus, operational and technological excellence.

The strategic partnership and the opportunities for research and study through the close collaboration between the University of Cyprus and Imperial College London was the focus of an event that was successfully organised by the Imperial College London and the Cypriot High Commission in the UK on February 27 in London.

Work has started to upgrade the shops and food outlets at Larnaca airport, airport operator Hermes announced recently.

An Insight into the Mayor of Ayia Napa’s Strategy for Foreign Investments in the Town

In the first half of 2018, 86% of the leading initial coin offerings (ICOs) that listed on a cryptocurrency exchange in 2017 are below their initial listing price and a portfolio of these ICOs is down by 66% since the peak of the market at the beginning of this year, according to a study from EY, Initial Coin Offerings: The Class of 2017 – one year later, that examined the ICOs’ progress and investment returns.

February 2019 saw property sales go through the roof, as the second month of the year recorded an increase of 25% in sales documents being submitted with the Land Registry.

In 2017, renewable energy accounted for 19.5 % of the total energy used for heating and cooling in the European Union (EU), Eurostat said recently.