Foreign investors bid for more than three times the amount of retail bonds offered by Cyprus in December 2014 and bought the vast majority of six-year issue, the Finance Ministry said recently.

The Cyprus Statistical Service has said a 1.4% increase in tourist arrivals was recorded between January-November 2014, with 2.384.375 people visiting the island.

A new route to Paphos is to be introduced by Thomson and First Choice from Bristol airport for winter 2015-16.

Wizz Air, the largest low-cost airline in Central and Eastern Europe, announced further growth of its low fare route network from Poland operating more flights to Larnaca.

Senvest International LLC said recently its stake in Hellenic Bank rose to over 5.03% from 2.62% as it owns 364,660,947 shares.

Capital Intelligence, an international credit rating agency, announced recently that it has raised Bank of Cyprus (BoC) Financial Strength Rating (FSR) to 'B' on 'Stable' Outlook (from 'B-' on 'Positive').

CPB FBO Third Point Hellenic Recovery Fund LP and Wargaming Plc Ltd said they increased their respective stakes in Hellenic Bank Public Company Ltd.

Coastal town Paphos sold the most properties to foreigners during the period from 2010 to mid-2014 across Cyprus, a report by Cyprus Economic Intelligence said recently.

The International Monetary Fund (IMF), which together with the European Commission and the European Central Bank comprises the troika that supervises bailouts in the euro area, said it will not release the next tranche of bailout money earmarked for Cyprus.

ENI-KOGAS has not found enough commercially exploitable natural gas reserves in its first exploratory drill at the offshore Onasagoras field, the Energy Ministry said recently.