Cyprus could be an exporter of golden bars in May 2016 as investors are waiting for the green light from the government to start constructing a precious metals refinery plant in Aradippou.

The Bank of Cyprus (BoC) issued an announcement recently, showing post tax profits in first quarter of 2015 compared to post tax losses in fourth quarter of 2014.

The Consumer Price Index for April 2015 recorded a marginal increase of 0.03 units or 0.03% to 115.34 units compared to 115.31 in March2015.

Jet2 has announced its flight expansion in Cyprus with the addition of a further two routes from Glasgow and Newcastle.

Hotels in Cyprus for May 2015 compared to last year “are more affordable” with a fall in prices since last year in all areas except Nicosia and Larnaca, the latter of which were already among Europe’s cheapest, according to travel site Trivago.

Cyprus’ government and Noble Energy announced in March 2015 that a declaration of commerciality will be made soon taking the Aphrodite gas field from the exploration phase into the exploitation phase.

Cyprus-based energy company Petrolia SE Group’s after-tax profit fell by almost 80% to $2.2 million in 2014 from $10.2 million the previous year because of falling oil prices, the company said in a statement on the Cyprus Stock Exchange.

USB Bank PLC will hold an extraordinary general meeting on May 28, 2015 to adopt resolutions to delist from the Cyprus Stock Exchangeand issue 40,800,000 new ordinary shares.

The unemployment rate dropped in April 2015 by 9% as the number of jobless decreased by 4,207 from April 2014.

The majority of lending rates registered significant decline in March 2015 reflecting the Central Bank's decision to reduce is highest deposit rate by one percentage point.