EVA Dimensions downgraded shares of Bank of Cyprus (NYSE:NBG) from a hold rating to a sell rating in a research note released recently, AnalystRatingsNetwork.com reports.

Foreign investors showed great interest in 2013 in a government scheme offering citizenship and permanent residence on the island, says the Interior Minister, adding that cash flow reached €500 million.

British Airways has dynamically welcomed the 2014 summer period, notably increasing its flight schedule from Cyprus towards two of London’s prime airports: London Heathrow and London Gatwick.

From the UAE, the President has stressed that at the heart of the government’s strategy for economic recovery, is the pursuance of Foreign Direct Investment.

Cyprus state gas company DEFA says it has received four proposals to supply natural gas to the island, an interim solution for power generation before its own reserves come online.

The Cyprus Institute of Neurology and Genetics (CING) has the biggest research infrastructure in the area of genetics in the region, said its acting chief executive medical director, as the organisation marked world DNA day.

Reuters says Israel's drive to export its natural gas could help to rebuild strained ties with old regional allies, but could deprive Europe of an alternative to Russian gas, through Cyprus.

Nikos Christodoulides has been assigned the duties of Government Spokesman, following the recent announcement by Christos Stylianides to step down to run for the European Parliament in the May 2014 elections.

The trade deficit of Cyprus recorded an annual decrease of €19.3 million in January 2014.

The European project PLANT-NETCY, was recently selected after evaluation by the European Commission as one of the ten best projects across Europe co-funded by the European LIFE programme and completed in 2013.