The Price Index of Construction Materials increased by 1.68% between January and July, compared to the same period in 2013, the Statistical Service of Cyprus announced recently.

Cyprus may still be deadlocked over the controversial foreclosures bill, but the troika of international lenders are already a step ahead with plans on how banks are to recover delinquent and bad loans.

Investors interested in Cyprus Airways (CY), including Ryanair must submit non-binding proposals by the end of August 2014, the airline’s chairman said recently.

The winners in the Student Entrepreneurship category of Cyprus' first Digital Championship 2013-2014 have received an international distinction at the Imagine Cup 2014, organised by Microsoft for the 12th consecutive year.

The cabinet recently approved additional measures to protect borrowers and primary residences as the government seeks to allay party concerns over a foreclosures bill.

Nicosia will enter into talks with Cairo over a possible natural gas sale to Egypt after the first results of the exploration activity by ENI-KOGAS in Cypriot offshore blocks 2,3 and 9, says the Energy Minister.

The Retreat Spa at Aphrodite Hills Resort, has received once again The SPA Travellers Awards for 2014, for 'Best Resort for Golf & Spa in Europe'.

The Bank of Cyprus, the island’s largest lender, has expanded its list of property for sale with 54 pieces now listed on its web site.

The Statistical Service announced recently that in 2012, 0.17% of Cyprus' GDP was spent on environmental protection activities in industry, adding that in other EU countries the corresponding expenditure reached 0.39%.

Agriculture Minister Nicos Kouyialis expressed optimism recently that some products affected by the Russian embargo on the EU would be sold to other markets.