The Cyprus International Institute of Management (CIIM) and the Cyprus Telecommunications Authority (CyTA) recently presented a business competition for 2014-2015 with a view to creating innovative independent business with a global perspective (start-ups).

Payments in commercial transactions between businesses and between businesses and the public sector in Cyprus take from 25 to 90 days, according to an EU Economic and Financial Affairs Directorate General.

Cyprus' citrus producers will be included in the EU’s aid funds that are given to farmers affected by the Russian ban imposed on European food products Agriculture Minister Nicos Kouyialis says.

Maintaining a quality fleet, the effective enforcement of international safety standards and standards of environmental protection, are the foundations on which Cyprus builds its reputation as a major maritime registry.

The drill ship Saipem 10000 of the ENI/KOGAS consortium has reached the point where it will make an exploratory drilling at 'Onasagoras' gas field of Cyprus Exclusive Economic Zone (EEZ) block 9.

The discovery of hydrocarbons reserves in the Eastern Mediterranean must serve as a catalyst for a broader cooperation on a regional level, President Nicos Anastasiades and President of Egypt Abdel Fattah el-Sisi highlighted from New York.

Cyprus could begin exporting liquefied natural gas (LNG) to Europe by 2022, according to the chairman of the Cyprus Hydrocarbons Company Chairman Toula Onoufriou.

The Finance Ministry has approved applications for six-year domestic bonds worth €3.6 million, the public debt management office said recently.

The Industrial Turnover Index decreased by 2% in June 2014 compared with a year earlier, while in manufacturing the index increased by 1.2%, the Statistical Service said recently.

The Price Index of Construction Materials decreased in August 2014 by 0.17% compared to July of the same year, the Statistical Service has announced.