The European Stability Mechanism (ESM) announced it would be disbursing €500mln to Cyprus following a positive assessment of the seventh review of the island’s macroeconomic adjustment programme

Bank of Cyprus’ vice chairman Wilbur Ross recently acquired a total of 6,363,050 shares of the lender’s share via the WLR Recovery Fund V.L.P., the bank said.

Cyprus and Russian prospects of investment in the primary sector of the island were discussed during the recent two-day visit by Agriculture Minister Nicos Kouyialis to Russia.

The European Commission said economic recovery in Cyprus has started following almost four year of recession, but added that authorities need to continue prudent policies in light of existing risks facing the Cypriot economy.

Low cost carrier Blue Air has announced the launch of more flights from Cyprus to Athens.

The World Bank and the International Monetary Fund want to provide Cyprus with technical assistance, with a view to secure sustainable public finances in a unified economy following a settlement, Undersecretary to the President Constantinos Petrides told the press recently.

Company registrations rose 2.1% in August 2015 compared to the respective month in 2014 to 938, the registrar of companies and official receiver said recently.

The Central Bank of Cyprus said that the European Central Bank andthe euro area’s national central banks, collectively known as the Euro system, recently entered the second round of Cypriot government bond purchases, as part of the ECB’s expanded asset purchase programme.

Paphos municipality has brought in around €500,000 in revenue from civil wedding tourism so far in 2015, said the press recently.

Home prices in Cyprus surprisingly rose a quarterly 7.4% in the second quarter of 2015 after falling 2.8% in January to March, the European Union’s statistical division said recently.