The consortium with a concession on offshore Block 12 will submit their development plan for the Aphrodite gas prospect to the government, Energy Minister Giorgos Lakkotrypis said recently.

The CSE Council has approved 'SMC MED Trustees (CY) Ltd' as nominated advisor of the Emerging Companies Market of the Cyprus Stock Exchange.

Coop banks recently announced a €41.2 million net profit for 2014 despite the rise in provisions for bad debts with total provisions reaching €2.97 billion.

The Eastern Mediterranean Pipeline (EastMed) would strengthen the security of natural gas supplies for Cyprus, Greece and other south east EU countries by adding a new cross-border entry point in the region, according to Dimitrios Manolis, deputy development director of the pipeline’s backer IGI Poseidon.

Standard and Poor’s (S&P) has revised the Cypriot economy’s outlook to ‘positive’ from ‘stable’, a decision welcome by the government.

The Council of Ministers of the Republic of Cyprus, on 19 March, 2014, revised the criteria for providing Cypriot citizenship to high-net worth individuals.

ENI’s failure to locate commercially exploitable natural gas reserves in the Amathusa prospect was always the more probable scenario, but regardless, the latest setback should not discourage Cyprus from pressing ahead with its offshore exploration plans.

A NEW gene therapy for people suffering with Familial Amyloid Neuropathy type 1 (FAP 1), a rare genetic disease dated to the times of the Crusaders, will be offered as part of a clinical study at the Cyprus Institute of Neurology and Genetics (CING), it announced recently.

The Eni-Kogas consortium found a second dry well in Block 9, the Minister of Energy, Trade, Industry and Tourism, Giorgos Lakkotrypis announced recently.

The Cyprus Statistical Service has published the annual report 'Construction and Housing Statistics, 2013'.