Woodside Petroleum has pulled out of the Leviathan development in Israel after months of negotiations with partners failed to impress, raising concerns that the Australian major may also abandon its option to take a 30% stake in neighbouring Cyprus gasfields. But Houston, Texas-based Noble Energy, operator of both Block 12 exploration in offshore Cyprus and

The Bank of Cyprus (BOCY) has lowered its dependence on the Emergency Liquidity Assistance (ELA) by €100 mln in April to €9.4 bln, according to data published by the Central Bank of Cyprus. This was the second highest reduction of ELA funding from European Central Bank’s pool of bailout money for banks, ever since the

ap special events are now on! On Saturday the 31st of May the Gap store, invites you to a special shopping experience! Head to the event to meet Gap’s Denim Expert who will provide you with guidance on selecting the right denim fit for your body type, as well as giving you styling advice for

A role model start-up that achieved international success with EU funds The key to a successful business is the combination of a number of factors: a great idea, a need in the market, knowledge and expertise of the inventor, investments, strategic collaborations and passion for work. All these factors made Engino a successful role model

On the occasion of World Telecommunications Day, MTN launches MTN Innovation Challenge contest, giving Cyprus developers and startups 35.000 euro prizes, as well as the prospect of long-term collaboration for the winner. MTN is the first telecommunications provider in Cyprus to open up its platform to the country’s tech community, providing expertise, skills, experience, network

The Ministry of Foreign Affairs of the Republic of Cyprus has issued a travel advice for Libya due to security reasons. An official announcement says that the Ministry advises the citizens of the Republic of Cyprus who are permanent residents or working or intend to travel to Libya against all travel to the country, as

Vice President Joe Biden arrived on a historical two-day visit to Cyprus on Wednesday, declaring that he did not have a solution to the island’s problem in his back pocket, nor was the US going to impose one, but that “peace is always possible” and that “I believe this time can be different.” Allaying fears

Cyprus recorded the highest decrease in electricity price, among the countries of euro area in the second half of 2013, according to data released Wednesday by Eurostat. Compared with the same period of 2012, the prices in Cyprus fell by 14.7%. The average price in the euro area was 21.3 euros / kWh, in the

A delegation of the organisation "Volunteer Doctors – Cyprus", in cooperation with the Foreign Ministry, will depart on a humanitarian mission to Serbia to offer relief to the victims of the worst floods that hit the country, which claimed lives and caused mass evacuations. The delegation, comprising four doctors and nurses, headed by the Vice