Aegean Airlines and Singapore Airlines are set to offer more flights to the Far East and Australia from Cyprus.

Communications Minister Marios Demetriades says public spending for various works around the island is proof that the island is finally on the road to recovery.

A total of 103 applications for the registration of new companies were filed at the Cyprus Registrar of Companies in May 2015 marking a reduction of 10.6% compared with the corresponding period of 2014.

Building permits issued from January-March 2015 amounted to 1,265, up 1% compared with the same period last year, according to data released recently by the Statistical Service of Cyprus.

Etihad Airways, the national airline of the United Arab Emirates that operates five flights a week to Cyprus, opened its new offices in Nicosia, inaugurated by Energy, Commerce and Tourism Minister Yiorgos Lakkotrypis.

The Cyprus Ports Authority (CPA) has issued a called for tenders to lease premises at the old Limassol port.

Declaring the Aphrodite gas field commercial is an important, but by no means the final step toward monetising the reservoir, officials said recently.

Mobile & Commerce Solutions PLC is listing an additional 98,800,000 ordinary shares on the Cyprus Stock Exchange, according to a statement on the exchange’s website.

Bank of Cyprus (BoC) is about to announce the sale of Russian subsidiary Uniastrum Bank, sources within the bank recently told the press.

The unemployment rate in Cyprus in April 2015 stood at 15.6%, down from 16.0% recorded in March 2015 and 16.1% in April 2014, according to Eurostat.