Non-performing loans in the Cypriot banking system fell by €163.4m in April 2016, to €25.5bn in a month, the lowest since December 2014, the Central Bank of Cyprus said recently.

Software developer Logicom said that it expects more profit from its operations in the first half of 2016 in which turnover remained more or less unchanged.

Lordos Hotels (Holdings) Plc Ltd said recently it expects to report improved earnings in the first half of 2016.

Bank of Cyprus said it will consult its shareholders and other stakeholders before it decides its next steps concerning its intention to pursue a listing on the LSE, following Britain's decision to leave the EU.

Nicosia says President Nicos Anastasiades had not been out of the loop regarding the Turkey-Israel rapprochement, with experts pointing to energy as the main engine pushing for good relations in the area.

The European Commission proposes to maintain the EU co-financing rate of 85% for Cyprus and to extend the 'top-up' mechanism, which can benefit Greece.

The European Commission has found a Cypriot scheme to support private households and micro companies that encounter difficulties in repaying loans to be in line with EU state aid rules.

Cyprus’ financial sector could take advantage of opportunities created by the decision of British voters to leave the European Union, the director of a banking business group said.

Bank of Cyprus’ vice chairman, Wilbur Ross, said recently that Cypriot authorities should try to compete with Ireland and Frankfurt in attracting London-based financial companies, which will seek to relocate following the Brexit vote.

The secondary market yields of Cyprus’ government bond maturing in November 2025 rose to 3.92% on Monday which is 16 basis points above that of Friday, the day after Britons decided in a referendum to leave the European Union, a banking source said.