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Arctia Estates Limited is going to introduce the new investment opportunity for investment business. After the world's economic recession a lot of top-level countries terminated participating in investment programs. The experts started looking a place that suffered less.

Competitiveness, the banking sector and the future of the newly found natural gas dominated debate at the LSE conference on the economy of Cyprus held in London last Friday.

Greek Cyprus has launched a second licensing round for offshore exploratory drilling as hopes grow that potential fossil fuel deposit discoveries will buoy the eurozone country's sagging economy, even though the efforts are raising tensions with Turkey.

Orangefield announces today the acquisition of Fidelico, a high performing corporate service provider for management and administrative services in Cyprus. In acquiring Fidelico, Orangefield marks its third takeover since March 2011 and reinforces its European presence as part of a successful global expansion strategy.

Cyprus may not get any monetary assistance from the EU for the damage to its power station caused by a munitions blast last year because the disaster was mainly the responsibility of the administration, it has emerged.

Cyprus has opened a second hydrocarbons licensing round, buoyed by natural gas discoveries off its own shores and rich finds in waters off neighbouring Israel.

Cyprus Airways Ltd., the east Mediterranean island’s loss-making airline, said it hasn’t received any concrete buyout proposals from investors.

Cyprus Airways said on Thursday it had not received any firm buyout offers after media speculation prompted the local bourse to suspend its shares.

At its 7th conference held in Indonesia, the Parliamentary of the Organisation for Islamic Cooperation (OIC) has passed a resolution denouncing the agreement between Cyprus and Israel delineating the two countries' respective exclusive economic zones, reports said.