Bank of Cyprus has set up a Real Estate Management Unit (REMU) deploying another tool that would assist the island`s largest lender to facilitate loan restructuring and manage its big commercial real estate loan portfolio more efficiently.

The Turnover Value Index of Transport and Storage for the fourth quarter of 2015 recorded an increase of 4.6% compared tothe corresponding quarter of 2014.

Limassol appears on a new list of the best places to live, taking 88th spot on Mercer’s18th annual Quality of Living survey.

Interest rates for loans and deposits in Cyprus continued to fall in January 2016, and are now at the lowest level at least since 2008, when data are available, however at the same time, the interest rate on loans for house purchase is the highest in the eurozone, recording an increase in January.

Finance Minister Harris Georgiades said that the government will remain committed to structural reforms and fiscal consolidation even after Cyprus completes its adjustment programme, agreed three years ago, later in March 2016.

Transport Minister Marios Demetriades said recently that the winners of the Limassol port tender were aware of the significance of Larnaca municipality’s decision to essentially evict hydrocarbon companies from the town’s port.

The airline easyJet, is celebrating flying three million passengers to and from Paphos since 2008.

Cyprus Hydrocarbons Company (CHC) has issued a tender to receive commercial advisory services for the successful exploitation of hydrocarbons found or to be found, within Cyprus EEZ.

Consumer prices fell in February 2.6% compared to the respective month of 2015 after they fell an annual rate of 0.8% mainly on reduced energy prices, the statistical service said.

Transport Minister Marios Demetriades said recently that the government expected €2bn to flow into the state coffers over the next 25 years from the commercialisation of operations at the port of Limassol.