The following text is the full address by the Minister of Transport, Communications and Works Marios Demetriades at the conference 'Cyprus Embraces Space 2015'.

The Finance Ministry in Nicosia is working to set up an investment fund to manage the revenue from indigenous hydrocarbon deposits in a credible and transparent way.

Cyprus is on track to privatise its state telecommunications authority Cyta by the end of March 2016, in line with its bailout obligations, according to Commissioner for Privatisations Constantinos Herodotou.

Tourist arrivals marked an increase of 11.3% in April 2015 compared to the corresponding month of 2014 and an increase of 13.7% for the first third of the year.

Lavar Shipping, the Limassol-based shipping company established in 1965 by entrepreneur Pantelis Tsanos, is celebrating its golden 50-year anniversary of leadership in the industry in Cyprus and the Eastern Mediterranean region.

PGS Lighting Electrical, exclusive distributor of Megaman®, recently imported the latest LED lighting technology Ingenium® Blu (Bluetooth Technology) which offers a plug-and-play installation that allows users to control lighting through their smart device.

The Cyprus Chamber of Commerce and Industry (CCCI) and the Turkish Cypriot Chamber of Commerce (KTTO) have launched a bi-communal internship programme which has as its main objective to support cross-community exchanges of internship of young unemployed professionals from the Greek Cypriot and the Turkish Cypriot community.

Australian scientists have designed and installed solar energy technology in Cyprus to help the island nation shift away from fossil fuels and also to tackle its chronic water shortages.

Central government's public debt fell by €36 million and stood at €18.50 billion in the first quarter of 2015.

Global Finance Magazine has named Bank of Cyprus Best Sub-custodian Bank on the island for 2015, as part of Global Finance’s annual awards for the World’s Best Sub-custodian Banks for 2015.