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.

Paphos-based Tharisa announces plans to start trading on the Johannesburg Stock Exchange and seeks to raise 1 billion rand (approx. €68m) in a private share placement.

The capital adequacy ratio of all Cyprus banks marginally improved at the end of December, by 0.1% point to a combined Core Tier 1 level of 12%, according to quarterly data from the Central Bank.

Foreign investors will reportedly be returning to the island to further discuss plans for a multi-billion leisure project in Yeroskipou, Paphos.

Bailed-out Bank of Cyprus is reviewing its restructuring plans in a move that could result in billions of euros of its troubled assets being put into a 'bad bank', says its chief executive John Hourican.

The Energy Minister holds his first meeting with the new board of DEFA making it clear that its priority must be the advent of natural gas for electricity generation.

The Cabinet approves a mechanism to issue executive decrees relating to the privatisation of semi-government organisations (SGOs), on the basis of a road map approved in December 2013.

Wizz Air, the largest low-cost airline in Central and Eastern Europe announces a new route from Vilnius, Lithuania, to Larnaca from June 2014.

The Finance Minister says the country had made progress in paying back its debt one year on from its €10 billion bailout.

Bank of Cyprus's €225 million sale of its Ukrainian bank is on track to happen within weeks, assures Chief Executive John Hourican.