For the first time mandatory sustainability standards for hotel establishments have been approved by the Cyprus Tourism Organisation (CTO).

Efforts to reform and consolidate the Cyprus economy are well underway, assures the Finance Minister, ahead of the fourth mission review of the country's programme by the Troika of international lenders.

The implementation of the Cypriot National Health Scheme is set to be partially implemented by 2015 and in place by 2016.

Jean-Claude Juncker, the EPP candidate for the next European Commission president commends Cyprus' efforts to exit the economic crisis.

The rate of inflation for April 2014 decreased by -1.6% compared to -2.3% in March 2014 and -0.03% in April 2013.

The 374 meters long ship is the biggest vessel that has ever docked at Cyprus' southern coastal city and belongs to SAIPEM, a subsidiary of energy company E&P ENI.

Energy production cost from the first two photovoltaic parks in Cyprus, producing 1.5MW each, is lower than the cost for equivalent energy produced by the Energy Authority of Cyprus.

Cyprus has raised €100 million in a six-year bond, via a private placement with an overseas investor, said the Finance Ministry recently.

Bank of Cyprus announced recently the release of the nine-month time deposits amounting to €933 million that were blocked as per the decrees relating to the recapitalisation of the Bank.

The rate of unemployment in Cyprus increased to 17.4% in March 2014, which represents 78,000 unemployed, up from 16.8% in February, Eurostat said recently.