* Mikhail Prokhorov considers move to Cyprus A Russian company is keen to invest in a tourist project in Paphos, the town’s mayor Savvas Vergas said after returning from Moscow. He said the project was presented during a ceremony in Moscow, and provides for the construction of cafes, restaurants, reception halls and other services, and

The Electricity Authority of Cyprus (EAC) said hopes that modular generators, delivered by Energy International, will be able to start production by the end of August. EAC Spokesman Costas Gavrielides said that the generators that arrived on Sunday with a total a capacity of 60MW and will be installed at the Dhekelia power plant, while

Nearly 6,0000 European citizens who live permanently in Cyprus are expected to take part in the municipal elections in December, the second time since Cyprus joined the Union in 2004. Demetris Demetriou, Head of the Election Service at the Ministry of the Interior, said that the number of European Union citizens who are registered on

A revised national action plan for renewable energy sources is expected to be ready by mid-September, taking into consideration the contribution of those sources in tackling the energy crisis in Cyprus, Commerce, Industry and Tourism Minister Praxoulla Antoniadou told members of parliament. She said that the national action plan would increase the island's energy supply

* Noble to start drilling “as planned” in October Foreign Minsiter Erato Kozakou-Marcoullis will be visiting Israel on Wednesday, where she is expected to discuss the latest political and security developments surrounding the oil and gas exploration plans within Cyprus territorial waters and near Israel’s economic development zone. According to an official announcement, Marcoullis will

English Premier League club Liverpool launched their first soccer academy in India on Wednesday and said the club would have similar "footprints" in every continent by 2014. "We want to have footprints in every continent in the next three years," Steve Turner, head of Liverpool FC International Football Academy, told reporters after signing a contract

Champion Apoel FC of Nicosia is set for a 12-million-euro windfall from its qualifier at GSP stadium on Tuesday night making it to the elite group of Europe’s 32 top having beaten Wizla Krakow 3-2 on aggregate. Apoel will double its income this year from the 10.76 mln euros it expects to cash in from

Former IMF chief Dominique Strauss-Kahn had consensual sex with the hotel maid who accused him of sexual assault, his defense lawyer said on Tuesday, adding that their comparative sizes would have ruled out a forcible encounter "This encounter was quick, it was consensual and she was a willing participant," defense attorney Benjamin Brafman told Reuters

A beleaguered Muammar Gaddafi vowed on Wednesday to fight on to death or victory after rebels forced him to abandon his Tripoli stronghold in what appeared to be a decisive blow against the Libyan leader's 42-year rule. Gleeful rebels ransacked Gaddafi's Bab al-Aziziya bastion, seizing weapons and smashing symbols of a government whose demise will