The legal framework to address the issue of non-performing loans (NPLs) needs to be in place by the end of 2014, said President Nicos Anastasiades recently, while referring to an increased foreign investment interest.

Tourism Minister Giorgos Lakkotrypis recently predicted an increase of between 5.0 and 8.0% in tourism for 2014, with arrivals in April recording a 12% spike.

The Cyprus economic adjustment programme is on track, Delia Velculescu, IMF mission chief for Cyprus, said recently, adding that confidence has continued to improve.

Fiona Mullen, Director of Sapienta Economics examines the possibility of an onshore LNG terminal in Cyprus, which will provide flexibility when it comes to exports, while also bolster Cyprus' position as a regional energy hub.

Investing in energy infrastructure in Cyprus appears to be increasing, with the EU looking towards solutions that will ensure its energy security, a recent EU informal meeting in Athens has heard.

The study by the Civil Aviation Department, concluded that while Cyprus has an overall adequate air connectivity with most markets, there exists a “lot of room for improvement,” both in existing and new markets.

Health Minister Philippos Patsalis recently announced a final agreement with the troika on the basic principles of the National Health Scheme (NHS).

Cyprus' first key challenge is to effectively reduce non-performing loans NPL's, the island’s lenders said at the end of the fourth Troika review.

International lenders anticipate a shallower recession in Cyprus in 2014, as private consumption continues to drive the economy and authorities hope for an earlier than envisaged return to international markets.

A second $5 m instalment has been received by Black Iron Cyprus from Metinvest B.V. as part of the previously announced closing schedule for the strategic investment and development arrangement pertaining to Black Iron (Cyprus) Ltd. (BKI Cyprus).