Fitch Ratings says it is maintaining Bank of Cyprus covered bonds - rated 'B' - on Rating Watch Negative (RWN).

There has been a notable rise in applications for residency and citizenship in Cyprus filed by third country nationals, in response to amendments in legislation.

The 26 international banks operating in Cyprus are showing their trust in the country and have regained the losses they made following the Eurogroup decision earlier this year.

Parliament has passed into law a raft of measures that are a condition for the release of the next tranche of bailout aid to Cyprus, including the contentious exemption of Central Bank employees from public-sector pay cuts and a freeze on promotions and new hiring.

Cyprus shipping remains strong, despite the shock caused to the country’s economy by the financial crisis, says Communications and Works Minister.

Cyprus slipped into deep deflation in November with the rate of inflation receding to -2.1% on an annual basis, the highest deflation rate for 2013, according to recently released figures by Cyprus' Statistical Service.

The President assures foreign investors that Cyprus remains an attractive investment destination and a competitive center for international business.

The Cabinet has approved the launch of a second tender for interim supplies of natural gas for the purpose of domestic electricity generation.

Cyprus approves a roadmap to start privatising state companies in two years, a requirement of international lenders for Cyprus to receive its next tranche of bailout funding.

The new lending criteria enforced by the Central Bank, could possibly shock borrowers, says President of the Association of Cyprus Banks.