The annual inflation rate in Cyprus recorded a slight increase in June 2014, as well as in Greece, but remains negative in the Eurozone, according to figures released from Eurostat.

There are already investors interested in Cyprus Airways, assures Communications Minister Marios Demetriades, the day after the government announced that the national carrier is up for sale.

A draft bill on property repossessions will be tabled at the House by the end of July 2014, provided that a balance can be found between the government and the international lenders.

The Council of Ministers approves the universal digitisation of public healthcare services and a roadmap for the implementation of the National Health Scheme (NHS), prompting calls of sidelining the Health Insurance Organisation (HIO), the body to implement the scheme.

Cyprus' trade deficit for the period of January – April 2014 reached €1.1 billion marking an increase of €0.1 billion compared with the corresponding period of 2013, figures released recently by Eurostat show.

A multinational search and rescue (SAR) day-time exercise has been conducted near the coast of Cyprus, with the participation of SAR units and personnel from Cyprus and the U.S., the second this year.

The Troika drew a line in the sand with regard to the introduction of legislation easing procedures for property foreclosure, elevating voting the bill into law to a precondition of its 5th progress review.

The employment of the 'Services and Transport' sector recorded a decrease of 3,6% in 2012 compared to 2011, according to the results of Services and Transport Survey for the year 2012.

The Troika’s Cyprus mission kicked off its fifth progress review of the country’s adjustment programme recently with back-to-back meetings and the issue of non-performing loans on the table.

The Cyprus Chamber of Commerce and Industry (CCCI) recently announced the creation of the Cyprus – South Africa Business Association and calls on interested parties to join.