The value of transactions with the use of plastic money rose 3% to over €2.3bn year-on-year in 2015 after rising an annual 12% to €244.7m in December, JCC Payment Systems Ltd said.

The Eurogroup recently praised Cyprus for its progress in implementing its bailout programme, but noted that the country still had a few remaining obligations toward its international lenders.

The Cyprus Stock Exchange (CSE) has announced the listing of the securities of investment firm Euler Investments London Plc on the bonds market of the CSE Emerging Companies Market.

The Central Bank of Cyprus (CBC) has decided to ease loan terms and conditions as both retail banks and government have been requesting this for a while in order to inject more money into the economy.

Cyprus is trying to secure one last disbursement of bailout funds from the International Monetary Fund, before its financial assistance programme expires at the end of March 2016, Finance Minister Harris Georgiades told the press recently.

Cyprus has launched an invitation for an expression of interest (EoI) in the exclusive license to use/exploit the logos and trademarks of Cyprus Airways (CA), one year after the liquidation of the island's former national air carrier.

The Ministry of Finance announced that it has issued 7-year government bonds amounting to €221.9 mn with a yield of 3.23%.

Chairman of the Cyprus Stock Exchange (CSE), Marios Pilavakis, announced that the CSE became a full member of the Federation of Euro-Asian Exchanges following a unanimous decision of the Federation members.

Intership Navigation Co, a first class ship owning and management company based in Limassol has been awarded the Investors in People ‘Bronze Standard’, demonstrating its commitment to realising the potential of its people.

Α significant reduction in deflationary trend was recorded in December 2015, with the Harmonized Index of Consumer Prices recording the smallest drop in the past 13 months.