The International Monetary Fund is making about €126.3 million euros available for disbursement to Cyprus after completing its review of the island’s economic adjustment program, the Fund said in a statement.

Larnaca has been given the thumbs-up by the highly influential UK publication ‘Travel Weekly’, which tipped it as an emerging resort with its fortunes on the rise.

During his visit to Cyprus, Maros Sefcovic, EU Vice-President and Commissioner for Energy, stressed the importance of Cyprus to the EU’s energy union strategy and said that gas discoveries in Egypt, Israel and Cyprus are very promising.

Industrial Turnover Index recorded a decrease of 0.6% in October 2015 compared to October 2014.

Trilateral cooperation in water resources management was on the agenda of a meeting between the Minister of Agriculture, Rural Development and Environment Nicos Kouyialis with Israeli Ambassador to Cyprus Yael, Ravia Zadok.

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.