ExxonMobil’s vision for Cyprus is to see the country becoming a regional energy hub as the company hopes to find sufficient deposits of natural gas, President of ExxonMobil Exploration Company Stephen Greenlee said recently.

The IMF Executive Board has praised the noteworthy financial achievements of Cyprus since the country’s exit from the bailout programme.

Cyprus’ Transport Minister Marios Dimitriades called on his EU counterparts to strengthen the competitiveness of the European shipping industry, enshrined in principles ensuring a level playing field in the ongoing talks for greenhouse gas reduction within the International Maritime Organization.

Seasonally adjusted GDP rose in Cyprus by 0.6% in Q1 of 2017 compared to Q4 2016 and by 3.3% since Q4 2016, according to Eurostat.

The value of transactions with plastic money rose 21% in May 2017 compared to the respective month of 2016 to over €201.1m, JCC Payment Systems Ltd said.

Legal Business is the market-leading glossy monthly magazine for senior decision-makers in the UK and global legal market. Published ten times a year, the magazine reaches thousands of senior lawyers at major commercial firms across the UK and key financial centres of Europe, Asia and the US. It is published by Legalease, the publishers of the respected “Legal 500” rankings.

Ways for deepening pragmatic cooperation in all areas within the framework of the Belt and Road Initiative were discussed during a seminar that took place in Nicosia and was attended by the Chinese Ambassador, the Minister of Education of Cyprus, other officials and prominent businessmen from China and Cyprus.

Cyprus President Nicos Anastasiades recently received in Washington DC a delegation from ExxonMobil headed by its Chief Executive Officer Darren Woods.

Telecom company MTN has announced a €23 million investment to expand its network and upgrade technical facilities.

Hermes Airports continues its outstanding performance with new certifications that raise the airports of the Republic of Cyprus even higher.