The relocation of strategic oil reserves from the Larnaca seafront to existing facilities in Vasilikos is expected to be completed by mid-July 2015, Energy Minister Giorgos Lakkotrypis said recently.

The Cyprus fund business is starting to build momentum, with total assets recording an increase of 19.5% over the year earlier in Q1 to reach €3.1 billion according to data from the Central Bank of Cyprus.

Applications for the registration of new companies rose in April, for the first time in 2015, figures of the Department of registrar of companies and official receiver show.

The Cypriot ambassador to Holland Dr Kyriacos Kouros has signed the International Energy Charter on behalf of the Republic of Cyprus.

The government plans to draft legislation very soon, integrating immovable property tax (IPT), Interior Minister Socratis Hasikos said recently.

The process of denationalising semi-state telecoms CyTA is at an advanced stage, Privatisations Commissioner Constandinos Herodotou said recently, at the same time reassuring stakeholders that the organisation will not be sold on the cheap.

The Hellenic Bank said recently that it has been awarded the 'Best Corporate Governance Cyprus 2015 Award' by Capital Finance International journal (CFI.co)

Under Secretary to the President Constantinos Petrides recently outlined some of the government’s plans towards creating sustainable growth in the economy.

Exports of goods from Cyprus soared by 67.1% over earlier in January-February 2015, as the sale of transport equipment boosted numbers.

Minister of Finance Harris Georgiades has outlined certain details of the government's plans as regards the future of Cyprus Telecommunications Authority (Cyta) to its employees.