Moody's Rating Agency recently upgraded Bank of Cyprus’ (BoC) long-term deposit ratings to Caa3 from Ca with stable outlook, warning however that the lender still faced immense challenges.

A draft bill to modernise company law will be submitted to the House by the end of November 2014, Commerce and Energy Minister Giorgos Lakkotrypis said recently.

CYPRUS: SERVICE OF JUDICIAL AND EXTRAJUDICIAL DOCUMENTS IN CIVIL AND COMMERICIAL MATTERS AS PER REGULATION (EC) No 1393/2007

The government's priority is to have a productive Ministry of Agriculture so that it can contribute to economic growth, Minister of Agriculture, Natural Resources and Environment Nicos Kouyialis says.

Cyprus' external trade deficit in January – August 2014 reached €2.3 billion, marking an increase of 9.5% or €0.2 billion, figures released recently by Eurostat show.

Finance Minister Haris Georgiades has said the much needed tranche of bailout cash from the troika will be paid to Nicosia in December 2014.

Tourist arrivals for the period January – October 2014 reached 2,302,937, marking a small increase of 1.5% compared with the corresponding period of 2013, recent figures released by Cyprus Statistical Service showed.

The Bank of Cyprus released recently its official list of candidates for the board of directors, which will be voted in on Thursday, November 20, 2014 at the bank’s annual general meeting.

Annual harmonised inflation was slightly up in Cyprus in October 2014 (0.3%) compared to September (0.0%), recent data published by Eurostat show.

A team of Troika technocrats visiting Cyprus will extend its stay on the island to discuss the insolvency framework to be put in place on January 1 2015.