The Oceanography Centre of the University of Cyprus had made its third annual public appeal to help record jellyfish sightings and monitor their fluctuating populations, as part of the "JellyWatch" project across 22 countries. The project aims to record the species of jellyfish that can be found in the Mediterranean and the Black Sea and

The government said it is making a serious effort to improve the framework for foreign investments, with Energy and Trade Minister Giorgos Lakkotrypis being pressured to introduce better facilities if Cyprus wants to attract more investors. Representatives of American companies operating mainly in the fields of energy and information technology raised issues related to the

Cyprus plans for the exploration of hydrocarbon reserves, located off the island`s shores, are proceeding without delay, Energy Minister Giorgos Lakkotrypis reiterated on Thursday. “We are trying to speed up exploratory drilling by several months, but there are no shortcuts” the Minister told the press, after a meeting with American investors. So far Cyprus has

Foreign workers in Cyprus are mostly unaware of their rights to medical services and those who have access have difficulty communicating with medical professionals due to a language or cultural barrier, according to an EU co-funded survey. Some 70% of the sample of 1555 people said they are not very well aware of the island’s

'Rethink' campaign on waste managment kicks off The Rethink campaign aiming to raise awareness on reducing, reusing and recycling waste was launched on Thursday during an event in Nicosia, in the presence of the project`s prartners, state officials and stakeholders. The “Rethink” campaign, as it is called, will last for almost 3 years and aims

Cyprus Energy Minister Yiorgos Lakkotrypis has said the government aims at starting new drilling offshore in the second half of the year by ENI/KOGAS and early next year by French Total, while Noble Energy is expected to proceed with additional exploration to enhance its finds in Block 12, adjacent to Israeli waters. Lakkotrypis told the

The Cyprus 10-year bond (2020) exceeded the 5% mark in the secondary markets on Monday, resuming an upward trajectory since the three-year low recorded on June 12. The receding yield had been the main reason driving the government to return to the markets last month when it issued a 5-year €750 mln bond at 4.75%,

President of Cyprus Nicos Anastasiades will meet on July 16 in Frankfurt with the President of the European Central Bank (ECB) Mario Draghi, Government Spokesman said here on Thursday. In statements to the press Christodoulides said that “we consider this meeting particularly important”, adding that President Anastasiades will have the opportunity to discuss with Draghi

Bounced cheques issued in the first six months of the year reached €1.52 mln, with the value dropping from the highs recorded in 2009, according to figures released by the Central Bank of Cyprus. In all, 1,301 bounced cheques worth €1,522,083 were issued in the first six months, with 378 individuals and 667 legal entities

Restructured loans in the Cypriot banking system reached €12 bln in April or 27% of all loans in the island’s system, according to figures released by the Association of Cyprus Banks (ACB). According to an article co-written by Michael Kammas, the ACB’s Director General and senior officer Michalis Kronides, total loans in April amounted to