The European Stability Mechanism (ESM) is expected to ratify the disbursement of the €350 million sixth tranche of Cyprus' bailout programme, at the next Eurogroup in Brussels.

Building permits fell in January to September 2014 27% in terms of construction area and 26% in terms of value compared to a year before to 573,756 square meters and €641.3 million mainly on a decline in new housing projects, the statistical service said.

Addressing non-performing loans, changing the business model, the need for transparency, and the removal of the remaining capital controls were the main challenges facing the sector, according to senior bankers at the 2nd Cyprus Banking Forum in Nicosia recently.

The European Bank of Reconstruction and Development plans to invest at least €100 million annually in Cyprus’ financial and energy sectors as well as privatisations, its chairperson said recently.

A consortium proposing to transform the Larnaca port and marina hopes to conclude an agreement with the government by the end of 2014, putting the oft-delayed project back on track.

Cyprus said recently it had asked Barclays, HSBC, Morgan Stanley and SG CIB to organise a series of briefings with investors, starting from December 9, 2014.

Cypriot lender Hellenic Bank anticipates a listing of its shares on the Athens Stock Exchange in early 2015.

Cyprus' deposit and lending interest rates remained in October 2014 the highest in the Eurozone, with the exception of the interest rate on consumer loan.

Ryanair is focusing on expansion in Cyprus whether it's with Cyprus Airways or not, according to its chief marketing officer, Kenny Jacobs.

Limassol has been chosen as one of the 10 Travellers’ Choice Destinations on the Rise, according to the ratings and feedback received from TripAdvisor members.