Within the next two months all communities on the island will have free access to wireless internet hotspots, chairman of the House commerce, Lefteris Christoforou said recently.

President Nicos Anastasiades will next month attend a three-way summit in Cairo with his Greek and Egyptian counterparts to discuss ways of further boosting cooperation and relations among these three Mediterranean nations, and, from Nicosia’s perspective, as a bulwark against recent Turkish provocations inside Cyprus’ Exclusive Economic Zone (EEZ).

Cyprus’ Presidential envoy to Russia, Sotos Zackheos, met with the Russian Association of Industrialists and Entrepreneurs in Moscow to discuss trade relations between the two countries, a press release said recently.

Hellenic Bank, the island’s second biggest lender said the board will convene on October 25-26, 2014 to review capital matters as well as the financial results for the first 9 months.

Cyprus is ready to discuss ways of boosting liquidity for its credit-starved banks via an asset-buying programme mulled by the European Central Bank, Finance Minister Harris Georgiades said recently from Washington DC.

International lenders will release the next tranche of financial assistance only once Cyprus puts in place an effective foreclosures framework in line with the terms of its bailout agreement, a senior EU official said recently.

Unemployment benefits payments fell 11.3% year-on-year in the first eight months of 2014, recent social insurance data showed.

ENI's drilling in Cyprus' exclusive economic zone will carry on according to schedule, Energy Minister Yiorgos Lakkotrypis said recently.

Cyprus and Greece recently concluded a bilateral agreement allowing for joint search and rescue between the two countries.

Prospects for an onshore liquefied natural gas plant in Cyprus seem to be slipping away, according to a detailed techno-economic study on the possible export options by US-based Noble Energy firm, which favours the creation of pipelines to transfer gas to neighbouring countries.