Satellite Service Provider NOORSAT and Iris, a subsidiary of Cyprus Telecommunications Authority (Cyta), announced the migration of NOORSAT’s operations to Makarios Teleport in Cyprus.

Tourist arrivals in Cyprus reached 373.086 in August 2014 compared to 352.215 in August 2013, recording an increase of 5.9%, according to data released recently by the Statistical Service.

The government is expected to shortly announce the decision to establish a National Geostrategic Council and National Energy Council, made of academics and experts.

Employment in Cyprus fell in the second quarter of 2014, but the drop was smaller than the previous quarter, according to the EU’s statistical service EUROSTAT.

Multi-million development Minthis Hills in Paphos, theflagship resort of Pafilia property developers, will be inaugurated by President Nicos Anastasiades shortly.

With focus on implementing its growth and value-adding strategy, CyTA has decided to enter the highly competitive mobile telephony market in Greece via its Greek subsidiary, the semi-state telecoms company has announced.

Former IMF chief Dominique Strauss-Kahn is to submit proposals for the forthcoming issue of government bonds, as well as the issue of foreclosures, to the government, the Cyprus News Agency (CNA) reported recently.

Bank of Cyprus (BoC) said recently it had completed the sale of a hotel in Romania for €95 million.

For average temperatures above 26 degrees celsius and the cheapest flights in October 2014, look no further than Cyprus' Larnaca airport, says research by Kayak.co.uk

Communications and Works Minister Marios Demetriades has said that growth would be pursued through projects with private investments, such as the privitisation of Limassol Port and the unification of the mobile telephony network.