The European Commission is giving the government a grace period to prepare a day-after plan for troubled Cyprus Airways, Onoufrios Koulas from the state audit department said recently.

The Central Bank of Cyprus has confirmed that it will proceed with the granting of a banking business licence to Ancoria Bank.

Bank of Cyprus' shares will return to the Cyprus Stock Exchange (CSE) and the Athens Exchange on December 16, 2014.

Greece-based Aegean Airlines has announced its summer 2015 operations will include a network of 134 destinations, including 100 international and 34 domestic routes in 42 countries.

Bank of Cyprus, the recently recapitalised lender that raised about €1 bln and attracted new strategic investors, such as Wilbur L. Ross Jr. and the EBRD, is embarking on a series of non-deal roadshows in New York and London, in an effort to raise awareness and pave the ground for new bond issues.

Property transactions rose 24% in January to October to 3703 compared to the respective period a year ago, the department of lands and surveys said causing reactions among real estate professionals ranging from optimism to scepticism.

Cyprus general government accounts achieved a surplus of €274,9 million for the period of January – October 2014.

The Consumer Price Index for October 2014 increased by 0,61 units or 0,52% to 118,10 units compared to 117,49 in September 2014.

The Central Bank governor said recently that all capital controls in currency outflows abroad would be lifted once the island’s banking system stabilised, saying she anticipated that could be soon.

The transport sector recorded an increase of 0.8% for the period July - September 2014, compared to the corresponding period last year, the Statistical Service of the Republic of Cyprus announced recently.