Lawyer Giorgos Pamboridis has been appointed health minister, replacing Philippos Patsalis who resigned earlier this month, the Presidential Palace said recently.

Bank of Cyprus (BoC) said recently that customers facing the prospect of losing their Barclays accounts are advised they may be eligible for the Bank of Cyprus UK International range of accounts, which include current and savings accounts.

On the 9th July 2015, Cyprus Parliament passed number of new laws, which purport to make Cyprus a more attractive investment destination.

The Cyprus Tourism Organisation (CTO) has announced that it has begun an advertising campaign with German railway company Deutsche Bahn (DB).

Director of the IMF Communications Department Gerry Rice, has said that “Cyprus is a success story” and that recent return to growth shows the efforts undertaken to implement difficult reforms are beginning to pay-off.

The sale of its Russian subsidiary Uniastrum will benefit Bank of Cyprus (BoC), Moody’s Ratings agency said recently, despite the €29mln accounting loss incurred by the lender.

The Cypriot team ArachnoBeeA, winner of the NASA International Space Apps Challenge has been invited by NASA to attend the launch of a space rocket in September 2015.

A new study focuses on tourism tax receipts and finds that the Cyprus economy gets a significant boost from taxes.

Thousands of British expats and other Barclays account holders in Cyprus will see their accounts closed by the bank in September 2015 unless they contain a minimum deposit of £100,000.

A Bloomberg survey of seven economists has indicated an improved GDP growth rate of 0.7% for the whole of the year, up from a contraction of 0.4% indicated in the previous forecast.