Electricity prices fell 8% in March 2016 over the previous month, the Electricity Authority of Cyprus (EAC) said recently.

Noble Energy, Delek and BG (now owned by Shell) are close to announcing a natural gas development plan for the Aphrodite field.

Hellenic Bank Group posted net profit of €13 million for 2015, marking a turnaround from a loss of €118.6 million in 2014.

The government generated a fiscal surplus of €39.2m on a cash basis from January to February 2016, compared with a surplus of €3.4m a year before, mainly on increased revenue, the Finance Ministry said.

Bank of Cyprus, the island’s largest lender, said that it intends to pursue a premium listing at the London Stock Exchange, maintain its listing at the Cyprus Stock Exchange and have its stock de-listed in Athens.

Cyprus' exit from the economic adjustment programme marks a new day and new responsibilities, President Nicos Anastasiades said in a twitter message recently.

The European Commission announced recently that Cyprus has successfully exited its financial assistance programme after three years.

Cyprus is in the midst of negotiations for the signing of a string of new double taxation treaties.

Cybarco Development’s new project ‘The Oval’ office complex is an imaginative and ambitious, for Cyprus standards, development project, which will without a doubt give Limassol a new look.

Tourism profits have increased for the seventh month in a row, according to data published by the Statistical Service.