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.

The target to end Cyprus' economic dependance on its international lenders' financing is feasible, Finance Minister Harris Georgiades said recently.

The European Central Bank has announced that it will publish the results of 130 European banks’ asset quality review on October 26, 2014.

The KIOS Research Center of the University of Cyprus is participating in an important EU research and innovation project to develop technology that can help medical services to be better prepared and able to respond to emergency situations appropriately and efficiently.