Hellenic Bank reported a small post-tax profit for 2015 of €13m in 2015 – a turnaround from the loss of €117.6m posted in 2014.

The Bank of Cyprus has reported €438 million losses for 2015, according to the Group's preliminary financial results for the year.

Companies from Germany and Dubai have effectively won the tender for Limassol port, as they were the only consortia listed in each of the concessions for the port’s commercialisation.

The International Monetary Fund and the European Commission, in cooperation with the UN, have organised in Cyprus a two-day workshop on fiscal federalism, to contribute to the discussion on the financial system after a future Cyprus settlement.

The Bank of Cyprus Board of Directors convenes on Thursday, February 25, to approve the 2015 preliminary financial results which will be published after the closing of the Cyprus and Athens stock markets.

Cyprus is set to announce on Thursday, Feb. 25, 2016, the successful bidders who will undertake three sectors of operations at the eastern Mediterranean island's primary port of Limassol.

Cypriot banks will not be subject to the latest round of stress tests from the European Banking Authority according to the list published by the European Banking Authority (EBA).

The head of the Cyprus Oil and Gas Association (COGA) has confirmed that there is still a possibility of using Larnaca’s port facilities for future exploratory drills for energy firms despite a recent snub from the local authority.

The Cyprus Economic Sentiment Indicator (ESI), which measures the perception of businesses and consumers for the economic situation and their expectations, declined marginally in February 2016 due to reduced confidence among consumers.

Despite economic growth, Cyprus' financial system is still facing six risks and vulnerabilities, Cyprus Central Bank said recently.