DBRS Ratings Limited has upgraded Cyprus’ long-term foreign and local currency – issuer ratings from BB (low) to BB and maintained the positive trend.

Cyprus is ranked 26th in the world in terms of access to health services and quality of health services, according to the new Healthcare Access and Quality Index (HAQ).

Cyprus Airways has taken delivery of its second Airbus A319, it said recently.

The International Maritime Organisation Secretary-General Kitack Lim will attend the Cyprus Shipping Chamber’s (CSC) 29th Annual Meeting, a move that places Cyprus in the spotlight of international shipping, the CSC General Director told the press.

The Council of Ministers decided on Monday to limit the number of naturalisations of investors to 700 a year, starting this year.

The Central Bank of Cyprus said that the size of its balance sheet grew by €505.5m in April 2018 to €16.3bn compared to the month before, mainly on increased claims to other euro area national banks.

The European Commission has again asked Cyprus to reduce the non-performing loans in the banking system, overhaul its public service, its judicial system, reform its economy, education system and healthcare by 2019.

The Central Bank of Cyprus fined the Cyprus Development Bank (CDB) €715,000 for failing to comply with the provisions of legislation for the prevention and suppression of money laundering.

The licensing by the Central Bank of Cyprus for the selling of loans to B2Kapital Cyprus Ltd. is credit positive for Cypriot banks, Moody’s rating agency has said.

The weighted average maturity of the general government debt, which in December 2017 fell to €18.7bn, dropped to 7 years at the end of 2017 from 7.5 years in 2016, the Public Debt Management Office (PDMO) said.