Cyprus and Egypt recently signed a series of agreements and MoUs to enhance bilateral ties and further their strategic partnership.

Significant inflation was recorded in February 2017, with the Consumer Price Index (CPI) increasing 1.7% year-on-year.

According to a recent Moody’s report entitled: "Banking System Outlook– Cyprus; Stronger Funding And Gradual Improvements In Asset Quality Drive Our Positive Outlook," Moody's Investors Service maintains its positive outlook on the Cypriot banking system, a fact that shows their anticipation for the evolution of the bank’s creditworthiness over the next year and further funding and loan quality improvements.

Cyprus and China initialed Beijing, a Cooperation Protocol for exports of dairy products.

Τhe number of dwelling units recorded a significant increase of 14.1% in 2016.

Total deposits in the Cypriot banking system in January 2017 amounted to €49 billion, marking an increase of 6% year on year, according to data released by the Central Bank.

Wilbur Ross has resigned as vice-chairman of Bank of Cyprus (BoC) following his confirmation as US Commerce Secretary, the island’s biggest lender, announced recently.

Bank of Cyprus (BOC) made an after-tax profit of €64m in 2016, while Hellenic Bank reported a €62.7m loss according to the banks’ preliminary Group financial results published recently.

The government sold a total of €100m in 13-weeks treasury bills on February 28, with yields reaching -0.4%, a new all-time low as the downward trend continues, the Public Debt Management Office said.

Monetising the Aphrodite gas field is a top priority for the government, which based on expected future gas finds is also looking at options, including a liquefaction terminal at Vassilikos, President Nicos Anastasiades said recently.