Tourist arrivals in May 2015 increased by 4.9%, compared to the same month last year.

A Memorandum of Understanding (MoU) was signed between the Cyprus Institute of Marketing (CIM) and ForexTime (FXTM) on Tuesday 16 June 2015 at FXTM Headquarters in Limassol.

The Commerce Ministry is looking into ways of boosting competition in the fuel market, including enabling some petrol stations to operate freely of importers.

President Nicos Anastasiades met recently with the DELEK’s president to discuss issues concerning the company’s involvement in developing and producing natural gas for commercial purposes.

Moody’s Investors Service has upgraded Hellenic Bank Public Company Ltd’s long-term deposit rating to Caa2 from Caa3 due to the bank’s large volume of deposits and has affirmed the bank’s caa3 baseline credit assessment (BCA).

The Minister of Transport, Communications and Works Marios Demetriades has said that Cyprus has finally passed through the "rough paths" of recession and has moved to investment growth with significant prospects especially for the construction industry.

The drop in house prices slowed down during the first quarter of 2015, which recorded a fall of 1%, the smallest since the fourth quarter of 2012, data published recently by the Central Bank of Cyprus shows.

The Cyprus Airways logos and trademarks are on the market, with the government seeking expressions of interest.

Bank of Cyprus and the CIIM Business School have set up a start-up programme to provide innovative business ideas with seed money, facilities and support services.

The Cyprus government will go to tender by the end of the week of June 20, 2015 to invite bidders for the three services at Limassol port, the island’s main port of call that accounts for 80% of passenger traffic and 70% of all commercial activity.