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.

The Odin Finder, a research and survey vessel that in January 2016 began a reconnaissance study for the optimum route for a proposed high-voltage subsea power cable connecting Israel and Cyprus to the European mainland, has finished the first phase, reports said recently.

The Cyprus banking system’s exposure to ECB’s emergency liquidity assistance (ELA) declined by €300 million to €3.5 billion, in January 2016 from €3.8 billion in December 2015, according to a Central Bank’s balance sheet.