Based on the seasonally adjusted data that shows the trend of unemployment, the number of registered unemployed for April 2014 decreased by 1,988 to 48,384 persons compared to 50,372 in the previous month.

The government is focusing on establishing a private financing corporation in a bid to process and divert financial assistance from foreign, national and international financing organisations to small and medium-sized enterprises, says the government spokesperson.

Delegates from the troika’s Cyprus mission resume their meetings with various government officials and other stakeholders as part of the representation’s fourth review of Cyprus’ adjustment programme.

State carrier Cyprus Airways (CY) has signed an agreement with Top Kinisis Hellas to be represented by the travel giant in Greece.

President Nicos Anastasiades tells a leading political think tank in Berlin of his government’s grand vision of rendering Cyprus a pole of stability for the region through trade and peaceful collaboration.

Efforts to solve the Cyprus problem, the discovery of hydrocarbon reserves in Cyprus' exclusive economic zone and the impact on the Cyprus solution were the main topics discussed at an event organised recently in Nicosia.

Property sales in Cyprus improved for the second consecutive month in April 2014, with the total number of contracts of sale deposited at Land Registry offices up 9% compared to April 2013.

Cyprus could offer Europe an alternative source of gas supplies, the President said recently during a visit to Berlin, potentially reducing the region's dependence on Russian natural gas.

German Chancellor Angela Merkel would favour more EU involvement in the Cyprus settlement process, she said recently after meeting President Nicos Anastasiades in Berlin, while also discussing financial support to SMEs.

A list with the names of companies that transferred money abroad during a bank lockdown in March 2013 was recently made public by Parliament.