The process of denationalising semi-state telecoms CyTA is at an advanced stage, Privatisations Commissioner Constandinos Herodotou said recently, at the same time reassuring stakeholders that the organisation will not be sold on the cheap.

The Hellenic Bank said recently that it has been awarded the 'Best Corporate Governance Cyprus 2015 Award' by Capital Finance International journal (CFI.co)

Under Secretary to the President Constantinos Petrides recently outlined some of the government’s plans towards creating sustainable growth in the economy.

Exports of goods from Cyprus soared by 67.1% over earlier in January-February 2015, as the sale of transport equipment boosted numbers.

Minister of Finance Harris Georgiades has outlined certain details of the government's plans as regards the future of Cyprus Telecommunications Authority (Cyta) to its employees.

Despite the international adverse economic conditions and the financial difficulties that Cyprus has been facing during the last years, the shipping sector has maintained its competitiveness and perspectives as a result of combined efforts from the public and private sectors, said Transport, Communications and Works Minister Marios Demetriades.

Cyprus is among the top three countries in the EU with the cleanest beaches scoring 100%, according to a study by the European Environment Agency (EEA).

A periodic review of Cyprus’ bailout programme has been successfully concluded, the European Commission, European Central Bank and the IMF said recently, a key step for the country to take part in the ECB’s money printing programme.

On-site inspections have taken place of the cable landfall area near Haifa, in Israel, from where the EuroAsia Interconnector project will be launched, with Cyprus expected to join the grid in 2019.

The island’s tourism is seeing positive trends as the season gets into full swing, officials said recently, as they focus their efforts on reducing the loss from the Russian market.