Tourism arrivals were up 7.7% in January and February this year compared to the same period last year, according to CTO chairman Angelos Loizou.

Economic sentiment in Cyprus fell 0.2 units to 103.7 in March 2015 compared to the previous month, mainly on worsening confidence in the retail trade and among consumers, the University of Cyprus said recently.

European Commissioner Jyri Katainen, said recently that Cyprus’ image abroad was improving, and its credibility was being restored, making itself more attractive to foreign investment.

The significance of the EU Regulation 44/2001 is well known as its rules determine both the jurisdiction of courts in the EU in civil and commercial disputes and the conditions for the recognition and the enforcement of their judgments in other EU member States.

The Eastern Mediterranean is on the road to becoming a major hydrocarbon producer, John Tomich, Noble Energy's Cyprus country manager has said.

The state and Total recently signed a deal for further exploration works in the island’s Exclusive Economic Zone.

Tourism arrivals rose 12% to 50,709 in February 2015 compared to a year before, mainly on increased arrivals from the United Kingdom, Greece, Israel and France, offsetting a drop from Russia.

Parliament recently voted to ban foreclosures of homes whose owners could not acquire title deeds and could be at risk of losing their property because the developers could not repay their loans or have become insolvent.

Airports’ operator Hermes is conducting a study into how the old Larnaca airport, lying idle for the past six years, could be used, lawmakers heard recently.

Hermes Airports is confident that a plunge in the number of Russian travellers coming and going through its gates, and the collapse of Cyprus Airways, will have minimal effect on its total passengers in 2015.