Greece-based company Diversa announced recently that it is considering acquiring Cobalt Air, press reports indicate.

The GDP growth rate in real terms during the third quarter of 2018 is positive and is estimated at 3.6% over the corresponding quarter of 2017, the Statistical Service of Cyprus reported recently.

The Stena Icemax drillship leased by ExxonMobil, is expected to begin drilling in Cyprus’ offshore block 10 by the end of the week commencing 12th November 2018, it was reported recently.

“Unlike Greece, Cyprus came out of the memorandum very early, by implementing effective reforms.” This message was sent out in Nicosia by former Eurogroup Chairman, Jeroen Dijsselbloem.

The Stena Icemax drillship has arrived on location in Cyprus’ offshore block 10 and is preparing to bore down into the seabed, Energy Minister Giorgos Lakkotrypis said recently.

By the end of 2018, the Cyprus economy will have grown by 16% of GDP, which more than covers lost ground, and if all goes well, growth is expected to remain above 3% annually for the next three years, Finance Minister Harris Georgiades said recently.

The Central Bank’s (CBC) new directive on shell companies is credit positive for Cypriot banks, because the specific definitions of shell companies will help eliminate suspicious transactions and further strengthen banks’ anti-money-laundering (AML) practices, Moody’s rating agency said recently in its Credit Outlook.

Despite having had its operating license revoked, grounded Cobalt Air remains a going concern and has retained its air operator’s certificate (AOC), the press has learned.

Prof. Dr. Ben J. M. Terra, arguably Europe’s top authority on Value Added Tax (VAT), will join local expert, Alexis Tsielepis, to present the implications of VAT in the Financial Services industry at a high-level seminar in November 2018.

Building permits authorized by the municipal authorities and the district administration offices increase by 342 during the period January – August 2018, according to data released by the Statistical Service of Cyprus.