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.

The House Finance Committee recently approved the Cabinet’s proposal for the appointment of Yiannakis Lazarou as the island’s tax commissioner and Yiannis Tsangarides as his deputy.

Etihad Airways, the national airline of the United Arab Emirates, has extended BusinessConnect, its loyalty program for businesses, to 12 new markets including Cyprus.

Minister of Agriculture, Natural Resources and the Environment Nicos Kouyialis has paid a two-day official visit to Latvia with an aim to strengthen relations between Cyprus and Latvia, in view of the latter’s EU Presidency during the first half of 2015.

Bank of Cyprus (BoC) said recently that lending procedures concerning European funds had to be improved but there was no question of money being withheld.