Loans in the banking system dropped in March 2016 by €617.6m in a month to €57.5bn, which is the lowest since December 2009, as deposits fell for the first time in four months, the Central Bank of Cyprus said.

Greek airline Ellinair has launched its Larnaca-Thessaloniki flight schedule with ticket prices as low as €19, it was announced recently.

The Administrative Reform Unit (ARU) has put together a comprehensive guide for investors, in cooperation with the Cyprus Investment Promotion Agency (CIPA).

The Public Debt Management Office (PDMO) received applications for six-year government bonds for physical persons, the 5th series (May 2016), valued at €17.46 million.

Fitch Ratings upgraded the Bank of Cyprus' Long-Term Issuer Default Rating (IDR) to 'B-' from 'CCC' and Hellenic Bank's Long-Term IDR to 'B' from 'B-'.

The economic climate improved in April 2016 by 2.1 points, the Economics Research Centre of the University of Cyprus said recently.

The government has signed the agreements for the commercialisation of the Limassol port operations, expected to fetch Cyprus €1.9bn over the next 25 years.

Eastern Mediterranean gas reserves, including Cyprus’, could play a significant part in addressing the EU's drive for energy diversification, the European Commission reiterated recently.

Larnaca’s Chamber of Commerce and Industry (EVEL) is formulating a Master Plan towards the best use for the former fuel refineries and storage units on the Larnaca-Dekelia road.

Cyprus showed a deficit of -1% in 2015 (€180 million), the fourth lowest percentage in the EU, according to Eurostat.