Cyprus, Greece and Israel are scheduled to sign a maritime protection agreement to safeguard the Mediterranean marine environment from risks due to hydrocarbon extraction activities.

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Cyprus raised€100 million during a 13 Week Treasury Bills auction recently, according to the Finance Ministry’s Public Debt Management Office.

Interest rates for loans and deposits continue to drop in Cyprus as each month passes.

Cyprus-based carrier Cobalt has signed agreements for three Airbus A320 aircraft, ahead of the airline’s launch to European and Middle Eastern destinations by the end of May 2016.

Three years after signing up to a financial bailout programme, Cyprus is set to see bad loans fall, said Central Bank Governor Chrystalla Georghadji.

Banks in Cyprus hold almost €1 billion in sell-able real estate assets according to recently published data.

Greece is the main trading partner for Cyprus, (11% of trade volume), followed by Ireland (10%) and the UK (7%), according to statistical data released recently by Eurostat.

Bank of Cyprus' move to secure a premium listing on the London Stock Exchange (LSE) could be considered a turning point for Cyprus' largest lender, the bank's Finance Director Christakis Patsalides has said.

British Airways has announced a twofold increase in the number of daily flights from Larnaca to London Heathrow Terminal 5, from 7 to 14 per week.