Israel’s Delek Group has accepted a request by the Cyprus Natural Gas Public Company (DEFA) to postpone the period of validity of a proposal for the supply of natural gas to Cyprus via pipelines until December 18, 2015, it said.

Cyprus and the European Investment Bank (EIB) recently signed a €100-million loan for supporting key infrastructure investments in Cyprus.

Cyprus has no plans to extend the bailout programme when it expires in early 2016, Finance Minister Harris Georgiades said at The Economist Summit, but nor will it try to exit early.

Cypriot banks faced with a mountain of non-performing loans have managed to cut their number considerably through restructuring, Finance Minister Harris Georgiades said recently.

Bank of Cyprus CEO, John Hourican is remaining in his position until his replacement is found, a process expected to be completed by January 2016.

Economic sentiment improved in October 2015 with the Economic Sentiment Indicator (ESI) rising by 0.7 points, according tothe Economics and Research Centre of the University of Cyprus (CypERC).

Investor interest has been very strong for Imperial Residences – a hamletof luxurious properties designed by acclaimed real estate developer, Aristo Developers.

RCB Bank has been awarded the prestigious Best Bank in Cyprus distinction at the 2015 Global Banking & Finance Awards.

Manufacturing output rose an annual 3.8% in August and 2.1% in the first eight months of 2015, the statistical service said.

Transnational synergies in the eastern Mediterranean could turn the region into a gas hub, according to Italian energy giant ENI, the company that discovered an estimated 30 trillion cubic feet of gas off Egypt’s coast.