More natural gas reserves need to be discovered within Cyprus Exclusive Economic Zone(EEZ) in order to proceed with plans for a liquefied natural gas terminal on the island, Minister of Energy, Commerce, Industry and Tourism Yiorgos Lakkotrypis has said. To this end, he added, exploratory drilling in Cyprus’ EEZ is expected to begin sooner than

The research team from the University of Cyprus ranked 2nd worldwide in the Indoor Localization Contest organized by Microsoft Research (USA) for localizing a mobile device in indoor spaces, such airports, shopping malls or other public spaces, a press release of the University of Cyprus said. The innovative system for real-time geolocation and tracking inside

 * GDP to double by 2035 * A solution to the longstanding Cyprus problem could raise per capita incomes by approximately EUR 12,000, expand the size of the economy by around EUR 20 bln and add on average 2.8 percentage points to real GDP growth every year for 20 years, according to new research published

The Economic Sentiment Indicator (ESI) in Cyprus rose further in May, for the 13th consecutive month, this time getting a boost from the services sector and the enhanced confidence of households. Improvement in the economic climate was also recorded in the EU28 and the Eurozone. According to the monthly report of the Directorate General for

There is a need to protect copyright related to the traditional news media, as well as to cultivate media literacy and free thinking among young people, European Commissioner Androulla Vassiliou told a high-level delegation of the Cyprus Newspaper Publishers Association during a meeting in Nicosia. The issue of copyright violation and theft is a very

From the evolution of the agricultural world to the industrial world, we now live in an ideological world and through the vast developments in technology, we are now able to connect and share with one another, personally and professionally, says Sarah Pavlou Lofthouse, president of the International Women in Business network. IWIB, which was founded

The chief executive of Bank of Cyprus has called for a change in the law regarding the collection and recovery of non-performing loans in order for the bank to be able to return to normal operations and profitability. Speaking at a conference in Nicosia on the future of asset management in Cyprus and Greece, CEO

An increase was recorded in total deposits in April while total loans showed a decrease, according to the Central Bank of Cyprus’ Monetary Financial Institutions (MFIs) statistics for the month. The Central Bank noted that total deposits in April increased by €266,3 mln (in terms of monthly transactions), as compared with a decline of €247,2

The Council of Europe has mechanisms in place which may even impose sanctions on Turkey if it does not abide by the recent European Court of Human Rights (ECHR) ruling on Cyprus, Greek Minister of Foreign Affairs Evangelos Venizelos said on Wednesday. Venizelos highlighted at the same time the fact that Greece is kept fully