Hellenic Bank will pay 1.579% interest on its Bonds 2016 (HBDF) for the period 1 January 2015 to 31 March 2015 on 31 March 2015, the bank said in a statement on the Cyprus Stock Exchange.

The guarantor’s obligation to repay any amount outstanding after considering the value of any collateral posted by borrowers is included in the fifth and final insolvency bill, which was approved by the cabinet recently.

Finance Minister Harris Georgiades expressed recently his optimism that Parliament would pass the five bills pertaining to the insolvency framework and that it would allow for the implementation of a foreclosures legislation soon.

The property development sector has brought in over €1 billion in fresh capital from abroad since 2013, President of the Cyprus Land and Building Developers Association Pantelis Leptos said recently.

Energy Minister Giorgos Lakkotrypis recently left for the US for a series of meetings in Washington, New York and Boston.

Cyprus and Bahrain have signed a series of agreements, including deals on tax issues, terrorism and crime, while Bahrain will also for the first time ever, accredit an ambassador to Cyprus.

The rate of inflation for February 2015 decreased by -1.4% compared to -1.3% in January 2015 and -2.6% in February 2014, according to the Statistical Service of the Republic of Cyprus.

At an event held at the Royal Hall venue in Nicosia, Gulf Air, the national carrier of the Kingdom of Bahrain, in cooperation with its representative in Cyprus, Orthodoxou Aviation Ltd, rewarded their partners for their 2014 level sales.

The Finance Ministry has submitted a bill seeking to lift a ban on the sale of loans to foreign banks and funds that parliament had passed in January 2015.

Cyprus expects to fully lift capital controls imposed two years ago before the end of Q1 2015, Central Bank Governor Chrystalla Georghadji said recently.