Cyprus Hydrocarbons Company (CHC) has issued a tender to receive commercial advisory services for the successful exploitation of hydrocarbons found or to be found, within Cyprus EEZ.

Consumer prices fell in February 2.6% compared to the respective month of 2015 after they fell an annual rate of 0.8% mainly on reduced energy prices, the statistical service said.

Transport Minister Marios Demetriades said recently that the government expected €2bn to flow into the state coffers over the next 25 years from the commercialisation of operations at the port of Limassol.

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.