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There are now even more airlines connecting Cyprus to Germany, as Transavia plans to link Larnaca and Munich from 2017.

The Cyprus Finance Ministry has successfully raised €35,54 million, afterissuing the 10th series of a six-year bond for natural persons.

Finance Minister Harris Georgiades submitted the government’s €7bn budget to the parliament recently, which provides for a fiscal gap of 0.6% of the economy and dismissed rumours that the ministry is considering a tax amnesty, the Cyprus News Agency reported.

French gas giant Total is ready for exploration in Cyprus' Exclusive Economic Zone for the period 2017-2018, which coincides with apush to reunite the island and maximise benefits from natural resources.

Cyprus banks are seeing the highest liquidity in the financial credit system for the first time since March 2013, when the banking crisis was in full swing.

EU regulators will order the three major Cypriot banks to raise provisions even higher, according to recent press reports.

Cyprus, Greece and Israel discussed ways to promote the construction of the East Med pipeline, that would transport natural gas from the Eastern Mediterranean to Europe through Greece.

Casino investor NagaCorp Ltd said in a filing to the Hong Kong stock exchange recently that it would not be proceeding to the final bidding stage for the single casino licence in Cyprus.

Paphos with 40% followed by Limassol with 23% are the two most popular destinations for Cypriots wanting to unwind.