Cyprus Trading Corporation Plc (CTC) named Marios Shacolas as its new Executive Chairman and CEO in an announcement on the Cyprus Stock Exchange (CSE) recently.

Cyprus and Egypt have said that they are proceeding with a natural gas deal providing for the purchase of a yet unspecified volume of Cypriot gas by Egypt.

The Co-operative Central Bank recently unveiled two new lending products, designed to promote energy conservation in homes and businesses.

The Cyprus Investment Firms Law 144(I)/2007 provides the legal framework for the provision of investment and ancillary services as well as specific provisions regarding capital requirements, the establishment of branches, authorization and supervision of Cyprus Investment Firms (CIFs).

Its commitment to continue exploration in Cyprus was strong, said ENI recently, and good synergies could be created as Cyprus' gas could find it way to Europe through the company’s facility in Egypt.

Cypriot credit card holders spent €178.4m for purchases in August 2015, which is 5% higher compared to what the spent a year before, JCC Payment Systems said.

The government will shortly launch a competition for the licensing of an integrated casino resort, President Nicos Anastasiades revealed recently.

Renewable Energy Sources (RES) constituted 8.7% of the energy market in Cyprus in 2014, ahead of the 2015-2016 target set by the relevant European Directive of 7.45%, it emerged recently.

A delegation from Italian energy company ENI, headed by its CEO Claudio Descalzi arrives in Cyprus on September 10, 2015 to meet President Nicos Anastasiades.

Finance Minister Harris Georgiades said that authorities have received a list from the French government with the names of Cypriot depositors at Switzerland’s HSBC bank.