The Bank of Cyprus (BoC) announced recently that it was examining certain funding and capital options in line with the proposals of its advisors, to strengthen its buffers against mounting non-performing loans, and in light of the upcoming stress tests by the European Central Bank.

In the wake of recent developments in Brussels warning Russia of new sanctions over Ukraine, President Nicos Anastasiades said Cyprus would follow the developments closely and defend its interests in the best possible way.

President Nicos Anastasiades says other European Union countries recognize the Mediterranean island nation's potential to become a new conduit for natural gas to the continent.

The government has welcomed the recent upgrade by the Dominion Bond Rating Service (DBRS) of Cyprus’ long-term foreign and local currency issuer ratings from CCC to B (low).

Civil weddingsin Ayia Napa are expected to rise 20% this year, resulting in a 30% revenue increase, said the coastal town's mayor recently.

The process of finding a strategic investor for the island’s national carrier Cyprus Airways is nearing the end, its chairman said recently.

Annualised house prices in Cyprus fell by 7.8% during Q1 2014, while flat prices suffered even bigger losses by 10.7%, according to the property price index of the Cyprus branch of the global body of chartered surveyors (RICS).

Parliament ratifies an inter-state agreement between Cyprus and Israel on the sharing and non-disclosure of confidential information on hydrocarbons discovered in both countries' offshore blocks.

Constantinos Herodotou, the government’s newly-appointed head of Privatisations, recently revealed that unnamed Russian investors are interested in acquiring the country’s leading telco, Cyprus Telecommunications Authority (Cyta).

Central Bank chief Chrystalla Georghadji expects the bailed-out island's leading banks to pass European tests gauging their health.