The Consumer Price Index for June 2015 decreased by 0.18 units or 0.16% to 115.50 units compared to 115.68 in May, mainly due to decreases in the prices of certain fresh fruit and electricity.

Cyprus sold €50 mln of 26-week treasury bills during its recent auction, which was oversubscribed by almost three times, pushing the yield down to an average 2.40%.

The European Bank for Reconstruction and Development (EBRD) will do its best to minimise any impact on Cyprus from the Greek crisis, a senior official said recently.

Production output in construction dropped 18% in January to March 2015, compared to the respective period a year before, the statistical service said recently.

Greek shipping companies are looking into moving to Cyprus due to the instability and uncertainty in Greece, it emerged recently.

The Zenobia shipwreck off Larnaca contributed over €14m to the economy annually, officials said recently, calling on the government to ban fishing in the area, which has become an important artificial reef.

President Nicos Anastasiades recently announced tax incentives, including a 50% cut in property transfer fees, to boost economic activity as Cyprus moves to attract rich foreign nationals.

Cypriot authorities can prevent a contagion of the Greek crisis to Cyprus by continuing to implement the economic and financial reform programme, says economist Michalis Florentiades.

The Cyprus Stock Exchange announced that €340m worth of Government Registered Development Stock would be placed on the Cyprus Stock Exchange for trading from July 1, 2015.

The unemployment rate in Cyprus in May 2015 remained stable at 16,0%, compared to April 2015.