Hotel operator and villa constructor Claridge Public Limited said it accepted a bid by K.A. Olympic Lagoon Resort Ltd to buy Amathus Beach Hotel Paphos plus two apartments at Apollo Heights for a total of €35 million.

Cyprus-based investment firms lost some €42.5 million after the Swiss National Bank decided recently to scrap the minimum exchange rate with the euro, but the majority remained unaffected.

The Electricity Authority of Cyprus (EAC) has announced a 7% reduction in the price of electricity, with the price projected to fall further in the near future.

IronFX is in talks to buy fellow online forex broker Alpari UK, which was forced into administration after suffering heavy losses on the Swiss franc, the Cyprus-based company’s chief operating officer said recently.

The government is planning to offer up to €125 million of 13-weeks treasury bills on February 3, 2015 the Finance Ministry said recently.

Hellenic Bank will provide €70 million of new loans to Cypriot companies with an interest rate starting from 3%, CEO Bert Pijls announced recently.

The Cyprus Ports Authority has appointed two advisors to draft a strategic business model for the next few years.

New company registrations in December 2014 increased by 3% in 2014 recording a rise for a tenth consecutive month.

Cyprus could benefit with asset purchases worth up to €120m a month, according to unnamed sources, while the government is set to evaluatein detail the ECB’s decision

House prices in Cyprus dropped by 1.7% year on year in the third quarter of 2014, according to data released recently by Eurostat.