Health minister Philipos Patsalis recently said that a draft bill on the restructuring and autonomy of public hospitals in Cyprus will be tabled before parliament within June 2015.

Economic sentiment in Cyprus weakened in May 2015, a publicly funded survey said recently, as businesses forecast a worsening financial situation in the coming three months.

PwC Cyprus and the Institute of Chartered Accountants in England and Wales (ICAEW) hosted an event on 'Building skills for success' for accountants who have completed, or are in the midst of their training with the firm, as well as all those who achieved worldwide distinctions in the ICAEW professional examinations in recent years.

The government will kick-start the 9th series of retail bonds from September 1, 2015, but will take advantage of the stabilising economy by offering the bonds at lower interest rates than before.

Cyprus received over €2bn over the past two years from the property-for-residency scheme, Interior Minister Socrates Hasikos said recently.

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.