Hellenic Bank recently announced that it is taking part in the Co-op bank’s process to attract potential investors but has not yet decided on whether it would make a bid.

Revenue from tourism rose by 8.5% year-on-year in January 2018 despite a drop in expenditure per person and per day, data released by the statistical service showed.

Cyprus and Egypt will be ready in the near future to sign an agreement on a direct undersea natural gas pipeline from Cyprus’ exclusive economic zone to a liquefied natural gas plant in Egypt, Foreign Minister Nicos Christodoulides said.

Hourly labour costs in Cyprus for the whole of the country's economy (excluding agriculture and public administration), in enterprises with 10 or more employees increased by 1.1% in 2017, compared to 2016, according to an estimate issued by Eurostat recently.

The privatisation process launched by the nationalised Cooperative Cyprus Bank may lead to the creation of an Asset Management Company (AMC) also called as a bad bank which will manage non-performing loans, Harris Georgiades, Cyprus Finance Minister said.

The Cyprus-US Chamber of Commerce, a non-profit organization dedicated to promoting trade and investment between Cyprus and the United States has announced its collaboration with Kinisis Ventures Limited, a business acceleration company, on an upcoming unique event taking place in New York City on Wednesday, May 2, 2018 entitled, 'CYPRUS REALIZED: A Platform for Ingenuity.'

Larnaca-based Cyprus Airways launched its first flight to Beirut, the airline announced recently.

The government recently announced that it has deposited €2.5bn at the co-operative bank in a bid to boost the lender, as a procedure to dispose of its assets continued.

A memorandum of understanding on relocating oil and gas firms from Larnaca by 2020 is expected to be signed after the Easter holidays, it emerged recently.

The government is in talks with the consortium of ENI-Total regarding their timetable for an appraisal, or follow-up drill at the Calypso gas prospect in offshore block 6, Energy Minister Giorgos Lakkotrypis said recently.