Amid renewed Turkish threats, energy giant ExxonMobil plans to carry out an exploratory drill at a prospect off Cyprus sometime in the fourth quarter, a senior official said recently, after a meeting with President Nicos Anastasiades.

Revenues from tourism rose 2.8% year-on-year in the first seven months of 2018, to around €1.5bn, the statistical service said recently.

Cyprus’ natural gas public company (DEFA) recently published the tender documents for the design, construction, and operation of an LNG import terminal that will be located at Vassilikos.

The number of registered unemployed dropped sharply in September 2018 by 23.4%, compared to the same month last year, the Statistical Service of Cyprus reported recently.

Total new loans dropped to €211m in August 2018, from €284.1m in the previous month, statistics released by the central bank showed recently.

The energy minister announced on Monday Cyprus will be seeking bidders for a €300m project to facilitate natural gas imports and will also invite energy companies to express interest in another offshore field inside the island’s exclusive economic zone.

Ayia Napa is being twinned with the historic Lebanese town on Byblos, the municipality announced recently.

The sale of certain parts of the co-op bank to Hellenic was the best solution, a professional services official told an inquiry recently, and the €74m price tag was reasonable.

With rents having risen in Nicosia and Limassol at a higher rate than other cities, the rent-versus-buy calculus is shifting toward buying.

The comparative advantages of Cyprus as a business and investment destination were presented on Friday evening by President Nicos Anastasiades during the business forum 'Invest in Cyprus' organised by Capital Link in New York.