The House plenum recently passed the four remaining bills regulating the failure of banks and investment firms.

Remarks by the Energy Minister, George Lakkotrypis at a recent energy conference in Nicosia have sparked confusion about the status of the massive natural gas find in the Zohr field close to the Cyprus Exclusive Economic Zone (EEZ) but on the Egyptian side.

Monday March 7, 2016 will mark the beginning of the end of the three-year bailout programme for Cyprus, when Minister of Finance Minister Harris Georgiades presents a progress report to the Eurogroup meeting in Brussels.

Persons working at the first integrated casino resort in Cyprus must have no criminal record, while the gaming authority is empowered to revoke the casino licence, according to the relevant legal ordinances.

An important positive development for the monetisation of the Aphrodite oil and gas field offshore Cyprus has been agreed by the government between Houston-based Noble firm and energy giant BG.

Transport Minister Marios Demetriades said that the government will resume its effort to commercialise Larnaca’s port and marina.

In a recent case, the Supreme Court of Cyprus (single Judge), in certiorari proceedings, decided to cancel a warrant issued against a Cyprus law firm for the search of its premises and offices on the ground that the law firm illegally withheld certain important documents, concerning the commission of serious crimes by the lawyer’s clients.

The unemployment rate in Cyprus fell to 15.3% in January 2016, down from 15.7% in December 2015.

Eurobank Cyprus, a subsidiary of the Greek EFG Eurobank Ergasias, has announced after-tax profits of €39.1 million for 2015.

Cyprus' Cooperative Central Bank (CCB) reported a net profit of €60.6 mln during Q4 2015, reducing thus the impact from losses incurred due to increased requirements by the Single Supervisory Mechanism (SSM), from €228 mln at the end of Q3 to €167.4 mln throughout the year.