The western coastal town of Paphos holds the lead in sales to foreign buyers for the fifth consecutive month in 2014, based on the deeds submitted to the Land Registry for this period, representing 36% of sales.

The world's largest hotel online search engine 'trivago' has found staying in a hotel in Cyprus in June 2014 is an average 4% cheaper than during the same period last year. The trivago Hotel Price Index (tHPI,) takes into consideration the average overnight accommodation prices for a standard double room.

The Cyprus economy will shrink by a less than expected 3.1% in 2014, according to the latest monthly forecast by Sapienta Economics, a Nicosia-based consultancy.

Propane gas-powered vehicles will be legally available by early 2015, deputies at the House Commerce Committee heard recently.

Cyprus has appointed six international banks to arrange meetings with bond investors in Europe, revealing plans to return to international markets at least a year earlier than envisaged under its bailout programme.

Cypriot-based firm Energean E&P Holdings Ltd. will be taking on a 25% chunk and become the operator of the Sara and Myra offshore drilling licenses, the license partners reported recently.

The Bank of Cyprus finally takes over the accounts of customers from the Laiki bank.

Property sales in Cyprus increased for the third consecutive month in May 2014 with strong growth recorded in all districts compared to May 2013 according to the latest figures from the Department of Lands and Surveys.

Commonwealth exports to Cyprus are now at £11.5m, up by 29.45% on last year, according to the HM Revenue & Customs (HMRC) for the year 2013.

The yield on ten year treasury bonds dropped to the lowest level in almost four years in June 2014, falling to 4.948%.