Card transactions declined both in April 2015 and for the period January - April 2015 by 2%, according to data released by a company processing card transactions in Cyprus.

Cyprus' international image was damaged by the situation of its banking sector at the peak of the crisis two years ago, an analysis of the Open University of Cyprus and the Advanced Media Institute reveals.

Cyprus-based IT products distributor ASBISc Enterprises PLC’s net loss after tax widened to $12,404 in the first quarter of 2015 from $3,387 during the same period of 2014 because of lower gross profit margins, increased bad debt provisions and weak markets.

More details have emerged of plans for a new airline operating out of Cyprus, with the company "Cobalt Air” wanting to use the island as a base for its new venture, which will see flights operate to destinations across Europe.

Cyprus could be an exporter of golden bars in May 2016 as investors are waiting for the green light from the government to start constructing a precious metals refinery plant in Aradippou.

The Bank of Cyprus (BoC) issued an announcement recently, showing post tax profits in first quarter of 2015 compared to post tax losses in fourth quarter of 2014.

The Consumer Price Index for April 2015 recorded a marginal increase of 0.03 units or 0.03% to 115.34 units compared to 115.31 in March2015.

Jet2 has announced its flight expansion in Cyprus with the addition of a further two routes from Glasgow and Newcastle.

Hotels in Cyprus for May 2015 compared to last year “are more affordable” with a fall in prices since last year in all areas except Nicosia and Larnaca, the latter of which were already among Europe’s cheapest, according to travel site Trivago.

Cyprus’ government and Noble Energy announced in March 2015 that a declaration of commerciality will be made soon taking the Aphrodite gas field from the exploration phase into the exploitation phase.