Russia’s giant Alfa Banking Group is very close to buying Bank of Cyprus’ shareholding in Ukrainian subsidiary PJSC at the price of €225 million.

State carrier Cyprus Airways has won a distinction by the Ben Gurion Airport in Israel for the accuracy as regards its departure times in 2013.

Real GDP growth for the whole of 2014 is projected at -5.4%, an improvement over the -8% rate anticipated earlier, according to the Economics Research Centre of the University of Cyprus.

President Anastasiades returned from his three-day official visit to Qatar where several bilateral agreements were signed and investment prospects discussed, describing it as a "productive visit".

Making homes energy efficient could boost the economy by up to €2 billion and create 30,000 new jobs, the Technical Chamber (ETEK) argued recently while proposing the creation of a loan fund to shoulder the projected expenses.

The securities and exchange commission (CySEC) decides to extend the suspension of Bank of Cyprus (BoC) shares for a further six months until the end of July.

An Egyptian company has expressed an interest in obtaining a stake in developing the Larnaca marina, a move that could breathe new life into the stalled project.

Total expenditure on health services reached 7,3% of GDP in 2011 recording an increase of 0,2% in comparison to 2010, according to new data released by the Statistical Service.

The Bank of Cyprus (BoC) plans to release within the month some €900m held in fixed-term deposits that were frozen following the lender’s recapitalisation last year.

One in five arrivals in licensed accommodation establishments in Cyprus is a local resident - Cypriot and non-Cypriot - and account for 7.5% of total overnight stays.