Efforts to sell state-carrier Cyprus Airways continue with representatives of Aegean airlines arriving on the island.

The Stelios Philanthropic Foundation has announced the sixth competition for entrepreneurs – the Stelios Award for Business Cooperation in Cyprus – with a view to promote island-wide, bi-communal business cooperation.

Bank of Cyprus (BoC) said recently it had received just over €100m in offers for shares from existing shareholders during the process known as the ‘clawback’.

A standing government team of technocrats and officials is to begin negotiations with the ENI-KOGAS consortium and with France’s Total with the aim of concluding LNG project agreements.

The Price Index of Construction Materials increased by 1.68% between January and July, compared to the same period in 2013, the Statistical Service of Cyprus announced recently.

Cyprus may still be deadlocked over the controversial foreclosures bill, but the troika of international lenders are already a step ahead with plans on how banks are to recover delinquent and bad loans.

Investors interested in Cyprus Airways (CY), including Ryanair must submit non-binding proposals by the end of August 2014, the airline’s chairman said recently.

The winners in the Student Entrepreneurship category of Cyprus' first Digital Championship 2013-2014 have received an international distinction at the Imagine Cup 2014, organised by Microsoft for the 12th consecutive year.

The cabinet recently approved additional measures to protect borrowers and primary residences as the government seeks to allay party concerns over a foreclosures bill.

Nicosia will enter into talks with Cairo over a possible natural gas sale to Egypt after the first results of the exploration activity by ENI-KOGAS in Cypriot offshore blocks 2,3 and 9, says the Energy Minister.