The Bank of Cyprus announced recently the disposal of its investment in Marfin Diversified Strategy Fund Plc (MDSF), comprising 1.142.052,6400 Founder Shares and 765.096,0464 US Dollar A Shares (95% of MDSF issued share capital) to Dorchester Capital Secondaries Offshore III, LP.

Unemployment in Cyprus fell slightly in March 2015 and stood at 16,0%, compared to 16,1% in February 2015.

The Cooperative Central Bank recently announced a net profit of €41.20 million for 2014, after having revised upwards its provision for impairment losses on loans and other advances by €166.05 and a tax credit of €15.22 million.

United Kingdom-based investors bought most of a seven-year Cyprus benchmark sold on April 28, 2015 the Finance Ministry in Nicosia said recently.

Jordan is interested to import natural gas from Cyprus’ offshore gasfields and Cyprus is willing to supply Jordan with natural gas as soon as the infrastructures is ready, House President Yiannakis Omirou said recently.

Fitch Ratings has upgraded Bank of Cyprus's (BoC) Long-term Issuer Default Rating (IDR) to 'CCC' from 'CC' and Hellenic Bank's (HB) Long-term IDR to 'B-', with a Stable Outlook, from 'CCC'.

Cyprus will be competing in Microsoft’s international technology competition Imagine Cup 2015 held in Seattle, USA, in July 2015 with three teams.

Cyprus, Egypt and Greece have signed the ‘Nicosia Declaration’, a framework agreement to further economic cooperation and solidify their three-way emerging political alliance.

Two Cypriot travel agencies, Top Kinisis and Xenos Travel, are joining Blue Air to offer chartered flights in the summer of 2015.

The prospect of creating a privately-funded asset-management company – or ‘bad bank’ – to help address the problem of non-performing loans (NPLs) is one that could be explored, Finance Minister Harris Georgiades said recently.