Cyprus trade deficit for the first six months of 2014 stood at €1.6 billion, recording an annual increase of €100 million, Eurostat data released recently shows.

Cyprus Stock Exchange announced recently it approved to introduce to the Stock Exchange 151,065,200 ordinary shares of Hellenic Bank, which emerged following mandatory conversion of the company's Convertible Bonds.

Satellite Service Provider NOORSAT and Iris, a subsidiary of Cyprus Telecommunications Authority (Cyta), announced the migration of NOORSAT’s operations to Makarios Teleport in Cyprus.

Tourist arrivals in Cyprus reached 373.086 in August 2014 compared to 352.215 in August 2013, recording an increase of 5.9%, according to data released recently by the Statistical Service.

The government is expected to shortly announce the decision to establish a National Geostrategic Council and National Energy Council, made of academics and experts.

Employment in Cyprus fell in the second quarter of 2014, but the drop was smaller than the previous quarter, according to the EU’s statistical service EUROSTAT.

Multi-million development Minthis Hills in Paphos, theflagship resort of Pafilia property developers, will be inaugurated by President Nicos Anastasiades shortly.

With focus on implementing its growth and value-adding strategy, CyTA has decided to enter the highly competitive mobile telephony market in Greece via its Greek subsidiary, the semi-state telecoms company has announced.

Former IMF chief Dominique Strauss-Kahn is to submit proposals for the forthcoming issue of government bonds, as well as the issue of foreclosures, to the government, the Cyprus News Agency (CNA) reported recently.

Bank of Cyprus (BoC) said recently it had completed the sale of a hotel in Romania for €95 million.