A Russian company, based in Cyprus, is included in the new list of companies on which the US has imposed additional restrictions, due to the crisis in the Ukraine. A press release by the US Department of Commerce says that it has imposed additional restrictions on 13 companies by imposing a license requirement with a

Efforts to restart the economy need to be based on research, technology and innovation, President Nicos Anastasiades said on Monday. Speaking during the inauguration of the new Innovative Technologies Laboratory at the Cyprus Institute (CyI), in Nicosia, the President noted that sustainable development, based on research and innovation, will create new jobs and will contribute

Limassol and Saint Petersburg seek to further enhance their cooperation. To this end, a Cypriot delegation comprising members of the Limassol Municipality, the Cyprus University of Technology and the Ministries of Commerce and Communications, visited last week the Russian city, where they held a series of meetings. The two sides wish to enhance mutual investments,

Etihad Airways, the national carrier of the United Arab Emirates, has appointed Abdelrahman Abdullah Al Madhloum Al Suwaidi as its new General Manager for Cyprus. Mr Al Suwaidi will lead the further development of Etihad Airways’ commercial strategy in Cyprus, ensuring the continued success of the airline’s business in the eastern Mediterranean region. An Emirati

Cyprus and Israeli officials have signed an additional agreement for the exchange and protection of confidential information with respect to hydrocarbons discoveries in two offshore plots where exploration efforts are already underway. The new agreement for the exchange of data in Block 12 in the Cyprus Exclusive Economic Zone (EEZ) and in the adjacent Block

President Nicos Anastasiades said his government is committed to implement the bailout programme, agreed with the Troika of international lenders, with the aim of rapid return to sustainable growth. Cyprus adopted a series of austerity measures, similar to other eurozone periphery nations and is expected to return to the markets before the end of the

The new Bulgarian Ambassador to Cyprus Hristo Georgiev said that there is a good basis for discussing a possible liaison in energy security and self-sufficiency between the two countries. Georgiev, who presented his credentials to President Nicos Anastasiades on Monday, also welcomed the resumption of Cyprus talks and expressed his country’s support for “a comprehensive

The newly formed Animal Party Cyprus (APC) was officially launched in Nicosia on Sunday and declared it will take part in the European Parliament elections on May 25. Present at the launch were Olympia Stylianou, Permanent Secretary of the Environment and Agriculture Development Ministry, the founder and coordinator of APC, Kyriakos Kyriakou, and the leader

Bookings from Russia and Ukraine remained at high levels since the beginning of the year, Tourism and Energy Yiorgos Lakkotrypis said during the weekend ‘Travel 2014’ exhibition in Nicosia, adding that he is optimistic about arrivals both for the summer of 2014 and the winter season 2014-2015. “We are cautiously optimistic that even the emerging