The hydrocarbons in the Eastern Mediterranean are not merely an issue of national wealth but they could become the catalyst for regional stability, Defence Minister Christoforos Fokaides has said addressing the start of the NEMESIS 2014 Exercise. The Minister expressed his confidence that the goals of this multinational exercise will be met. “Even prior to

The protection of the environment, if set as a priority for the citizens in their daily life and the state through its policies, can improve the finances of the citizens and the state, and create new jobs, Commissioner for the Environment Ioanna Panayiotou points out. In an interview with CNA, Panayiotou says that Cypriots are

Cyprus expects to return to international markets late next year but cannot rule out testing the waters earlier to gauge the appetite for Cypriot debt, President of the bailed-out Mediterranean nation said on Wednesday. In an exclusive interview with Reuters, Cypriot President Nicos Anastasiades said an "economic dependency" on Russia – common with other EU

The Council of Ministers decided on Wednesday to set up an Audit Directorate at the Ministry of Health and a Coordinating Group for the implementation of the national health plan. Minister of Health Philippos Patsalis said that, in the framework of health system reforms, his Ministry was proceeding with the reform and reorganisation of its

The Cyprus economy will remain in recession up to next year despite projections by the troika of international lenders that the economy will register a modest economic growth, according to the Hellenic Bank quarterly economic review. Hellenic Bank estimates that the Cypriot economy will contract by 5.4% in 2014 compared with a contraction of 4.8%

Crisis-hit Cyprus will return to economic growth in 2015, the IMF`s World Economic Outlook (April 2014) says. The WEO adopts Cyprus lenders` projections as revised following the third economic programme review. According to the WEO, unemployment in 2014 will peak at 19.2% compared with the previous projection of 19.8% and will decline to 18.4% in

The harmonised rate of inflation stood at -0.9% in March and -1.3% in February, while the corresponding rate in March 2013 was 1.3%. Food and non-alcoholic beverages sector recorded a decrease of -2% in March compared to March 2013, while housing, water, electricity and gas sector recorded a decrease of -8.4%. Clothing and footwear sector

The government is determined to take the great digital step, President Nicos Anastasiades said Tuesday during an event to mark the launch of the European eSkills for Jobs 2014. He said the aim is not merely to correct the past but to look to the future in a dynamic way, bearing in mind the needs

At the request of the Cypriot government, Global Offshore Technology has been rescheduled to the 28-29 April at Carob Mill in Limassol, Cyprus. GOT 2014 is the only conference and exhibition in Cyprus to have Ministerial representation from across the region with Ministers confirmed from Cyprus, Montenegro, Malta, Italy and Croatia. The conference offers a