The Cyprus Council of Ministers is expected to issue exploitation licenses for the Aphrodite gas reservoir paving the way for the monetization of Cyprus’ so far only commercial discovery, Minister of Energy Giorgos Lakkotrypis said in Paralimni on Sunday.

The Cyprus Securities and Exchange Commission(CySEC) and the Institute of Certified Public Accountants of Cyprus (ICPAC) signed a MoU to tackle money laundering and terrorist financing.

Cypriot businesses are adequately prepared for Brexit, even a no-deal Brexit, according to the General Director of the Employers and Industrialists Federation(OEV) Michalis Antoniou.

Five years after the bail-in agreement and the enforcement of the Economic Adjustment Program that compelled Cyprus into turning a page, the island is now expecting to record a 2.7 per cent fiscal surplus this year compared with a target of 1.7 per cent in the April 2018 Stability Programme Update. Indicative of the country’s positive performance is the fact that it recently returned to the investment grade, following evaluation by some of the most important credit rating agencies.

The groundbreaking ceremony of City of Dreams Mediterranean, Europe’s biggest casino resort, took place n Limassol, on June 8, 2018. The ceremony was attended by President of the Republic of Cyprus, Nicos Anastasiades, the Chairman and CEO of Melco, Lawrence Ho and Managing Director of CNS Group, Melis Shiacolas.

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