Cyprus will await the outcome of offshore drilling this year and the next before deciding on a potential new licensing round, says the Energy Minister.

Private-sector deposits declined slightly in Cypriot banks in February, but still reflected broad stabilisation after 18 months of falls, according to ECB.

It has been a year of shock, painful change and hard decisions for Cyprus since the bailout, but also the start of a transformation fuelling optimism for Cyprus’ long term prospects.

Azimo, the online international money transfer service, is making its low cost services available to Cyprus and 14 other EU members.

Trade and tourism are the main fields where Cyprus and Egypt can further develop bilateral cooperation, according to the Egyptian Ambassador.

The government's intention to develop a new growth model is gradually being put into action says President Anastasiades.

Members of the Bank of Cyprus Board of Directors travel to Russia to assess the operations and prospects of Russian Uniastrum bank, a Bank of Cyprus subsidiary.

The Greek Minister of the Environment, Energy and Climate Change will have a series of contacts with Cypriot government officials on the sidelines of his participation in the 3rd Cyprus Energy Symposium.

Two solidarity funds created by the House last March, to recapitalise banks and avoid the haircut on deposits, and last January, to help struggling citizens financially, have amassed just €22,000.

Russian businesses may withdraw their assets from Cyprus if the state imposes sanctions says Russia’s ambassador to Cyprus Stanislav Osadchiy, in a televised interview.