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.

Hellenic Bank reported a net profit of €543,000 in the first half of the year, a major turnaround from the €95 mln loss in the first six months of 2014, while the second quarter was hit by a higher provisioning for non-performing loans, resulting in a net loss during the period of €12 mln.

Cypriot authorities early on Sunday rescued around 114 people – 60 men, 19 women, 30 children and five infants – who were in distress in a small boat off Cyprus' south east coast.

A Radisson Blu Hotel & Residence franchise is set to open in Larnaca in 2017 near the port offering 105 guest rooms and serviced apartments, Rezidor Hotel Group announced recently.

Eurobank EFG Cyprus has reported a profit of €17,3 million in the first half of 2015 despite the negative developments in Greece.

The Central Bank of Cyprus (CBC) has set targets for the banks in an attempt to increase the volume and improve the quality of debt restructurings.

One of the challenges that businesses face is determining the best way to recruit: through an internal or external recruitment process. GRS assesses the pros and cons of each approach.

Talks aimed at a framework deal to sell Cypriot offshore gas to Egypt are ongoing, despite the recent discovery of a massive gas find in Egyptian waters, energy minister Giorgos Lakkotrypis reiterated recently.

Israel’s Delek Drilling is committed to developing the Aphrodite gas field, its CEO said recently, in line with its strategy of supplying the Cypriot and Egyptian markets with natural gas fast and efficiently.

UK gas giant BG Group PLC is in discussions with the Cyprus government to buy natural gas for its Idku plant in Egypt, Energy Minister George Lakkotrypis announced recently.