A research initiative aims to design and develop new technology to facilitate the integration of photovoltaic systems into the electricity distribution network.

A new study on the long-term viability of the Social Insurance Fund of Cyprus will be ready by the end of March 2016.

The Public Debt Management Office announced that during its recent 13 week treasury bills auction, tenders for a total amount of approximately €191 million were submitted, out of which, €120 million total nominal value have been accepted with a weighted average yield of 0,54%.

The unemployment rate in December 2015 remained unchanged at 15.7%, compared with the month before, and fell from 16.5% a year before, the European Union’s statistical office said.

The Cypriot shipping industry has managed to weather the global and Cyprus financial crises, demonstrating remarkable resilience, Transport Minister Marios Demetriades has said.

The Cyprus Tourism Organisation (CTO) said recently that prospects for sports tourism in 2016 were on an upward trajectory.

Russian business continues to be strategically important for Cyprus, the Finance Minister and other speakers said during a recent conference on the future of Cyprus for Russian business.

The International Monetary Fund said that it expects Cyprus’ economy to grow 1.5% in 2016, after expanding 1.4% in 2015, before growth accelerates to 2% in 2017.

Larnaca City Council postponed a decision on French energy giant Total’s application to use the MEDSERV company’s facilities in the city’s port for exploratory drilling, which would extend TOTAL’s activities to beyond August 2016.

Participants from 200 cities and 40 counties are attending the Startup Europe Week – Nicosia on February 1, 2016, to learn about the Cyprus entrepreneurship ecosystem, available resources, current trends and opportunities for startups.