International rating agency, Capital Intelligence (CI), announced that it has raised the Bank of Cyprus' (BoC) Financial Strength Rating (FSR) to 'B-' (from 'C+'), reflecting the greatly improved capital position.

Finance Minister Georgiades did not rule out achieving a primary surplus in 2015, but said the course of the adjustment programme must be followed.

The Bank of Cyprus is understood to be close to clinching agreements to sell 10 pieces of property, it emerged recently.

Energy issues, Cyprus, the developments in the broader Middle East area and their impact on Jordan, were mainly discussed during contacts House President Yiannakis Omirou and Cypriot parliamentary delegation held recently in Amman.

The discovery of important hydrocarbons reserves in the Eastern Mediterranean could serve as a catalyst for a broader cooperation on a regional level, said President Nicos Anastasiades and President of Egypt Abdel Fattah el-Sisi in a joint communiqué.

The integration of the borrowers’ registries kept by co-ops and commercial banks will be completed by the end of the month, it emerged recently, as part of the terms of the island’s bailout.

The Cyprus International Institute of Management (CIIM) and the Cyprus Telecommunications Authority (CyTA) recently presented a business competition for 2014-2015 with a view to creating innovative independent business with a global perspective (start-ups).

Payments in commercial transactions between businesses and between businesses and the public sector in Cyprus take from 25 to 90 days, according to an EU Economic and Financial Affairs Directorate General.

Cyprus' citrus producers will be included in the EU’s aid funds that are given to farmers affected by the Russian ban imposed on European food products Agriculture Minister Nicos Kouyialis says.

Maintaining a quality fleet, the effective enforcement of international safety standards and standards of environmental protection, are the foundations on which Cyprus builds its reputation as a major maritime registry.