Ryanair kicks off its Paphos summer season, which includes a new route to Athens giving passengers in Cyprus a choice of ten destinations for summer 2014.

Cyprus unemployment rose in February 2014 to 16.7%, from 16.5% in January, according to recently released Eurostat data. The number of unemployed people in Cyprus stands at 74,000.

Fitch Ratings has maintained the 'B' rating of the mortgage covered bonds issued by Bank of Cyprus on Rating Watch Negative (RWN), although the covered bond programme benefits from an IDR uplift of '1'.

Cyprus does not expect any surprises from the euro-area bank stress tests, a year after depositors took losses to save the island’s financial system, says Finance Minister.

Eurogroup President dismisses worries that Cyprus like Greece will need additional help from its international lenders and that he expects that Cyprus will recover in the short-term.

ENI/Kogas and Noble Energy expected to drill exploratory wells in Cyprus’ Exclusive Economic Zone in 2014, with French Total to follow in 2015.

The European Stability Mechanism (ESM) approves the disbursement of €150 million to Cyprus, following the positive assessment of the third quarterly review of the island’s macroeconomic adjustment programme.

Cyprus will receive this year a total of €8.6 million from Erasmus+, a 14% increase compared with the funding it received in 2013, say Head of the European Commission Representation in Cyprus George Markopouliotis and Deputy Head of the European Parliament Office in Cyprus Alexandra Attalides.

The cooperative movement will seek funding from third parties, says the General Manager of the Cooperative Central Bank Marios Clerides.

MTN, a pioneer in helping Cyprus become a member of the digital society, is participating in the Digital Agenda 2020 of the European Union, representing Cyprus, with the support of the first Digital Championship and the submission of proposals.