A Communications Ministry official has confirmed that three new requests for air operator’s certificate (AOC) have been submitted to the Civil Aviation by Cypriot companies.

The International Monetary Fund’s executive board is set to approve the release of its €125-million bailout tranche to Nicosia, informed sourcestell the press.

Following a successful round of due diligence and two rounds of consultations with the pre-qualified bidders, the Ministry of Transport said recently it has received 14 bids for the commercialisation of the Limassol Port.

Consultations between the Central Bank of Cyprus and international lenders on the two loan sales directives to be published by the CBC are in the final stage, sources told the press recently.

The exclusive economic zone (EEZ) of the Republic of Cyprus received a confidence vote by Claudio Descalzi, the CEO of Italian energy giant ENI, during a meeting with President Nicos Anastasiades, on the sidelines of the World Economic Forum in Davos.

A one-day unique conference titled ‘The Future of Cyprus for Russian Business 2016’ will take place on January 28, 2016 at the Hilton Park Hotel in Nicosia.

Cyprus has been included amongst the 25 top European destinations with the best hotels and also appears in the global top 100 on Trivago's hotel search engine.

Building permits were up in October 2016, in number, total area and value, according to data from the Statistical Service Cystat.

A Cyprus-Lebanon forum will be held in Limassol in February 2016 where industrialists, entrepreneurs and businessmen from both countries will demonstrate their products and services.

GO plc, Malta’s leading quad play telecommunications company, is to acquire a majority shareholding in the Cypriot ‘triple play’ telecommunications company Cablenet Communications Systems Limited, in which it previously held a minority stake.