Cyprus' priority should be to develop the Aphrodite gas reservoir, and although a pipeline to Egypt appears to be the best solution for monetising the gas, there are questions over its feasibility, recent research concludes.

While Cyprus continues to provide an enviable sun-and-sea holiday product, a new generation of professionals and business people have discovered the island has much more to offer.

Shacolas Emporium Park - which includes the Mall of Cyprus and the building housing IKEA - has been sold along with The Mall of Engomi for a reported price at €193,740,000.

The Max-Planck-Institute for Chemistry in cooperation with the German Aerospace Center (DLR) will begin a unique research mission beginning from Paphos.

Successful completion of the seventh review of Cyprus’ economic adjustment programme will pave the way for the disbursement of €500m, to be used in partly paying off €1bn in government debt maturing in November 2015.

One of the major problems that Cyprus faces throughout the years is the inability of property buyers to obtain Title Deeds as a result of developers who have previously mortgaged the land on which the property was built. Eurogroup has called on Cyprus to tackle this problem which will ensure that Title Deeds will be delivered to the buyers without any delay.

Cyprus is gearing up to exit the bailout programme that was signed with the Troika of international lenders in 2013 and is due to expire in the first quarter of 2016.

The number of tourist arrivals breached the 1 mln level in the first half of 2015, a record in almost a decade, according to official statistics, suggesting that the drop from Russia has been compensated by a an increase from the UK and Germany.

The Mall of Cyprus and the Mall of Engomi are to be sold to South Africa based Atterbury Group after an agreement was reached for their sale, PR manager of Shacolas Group Pavlos Pavlou said recently.

The Bank of Cyprus Group has reached what it describes as another milestone in its deleveraging and de-risking strategy by selling its Russian asset Uniastrum Bank.