Moody’s Investors Service, recently upgraded Bank of Cyprus Public Company Ltd's long-term local and foreign currency deposit ratings to Caa2 from Caa3 and Hellenic Bank Public Company Ltd’s to Caa1 from Caa2.

Bank of Cyprus is about to repay its outstanding emergency liquidity assistance (ELA), which it mostly inherited from Cyprus Popular Bank in March 2013.

The number of job vacancies increased in Q3 2016 by 2.626 (111.1%) and reached 4.989, compared to the same quarter of the previous year when it was 2.363, the Statistical Service said recently.

The government is preparing a new tax framework which will further strengthen investment funds sectors in Cyprus, to render the island one of the most attractive investment jurisdictions in the EU.

The shareholders of the Bank of Cyprus recently approved two resolutions in relation to the process that will facilitate the Bank`s listing on the London Stock Exchange (LSE).

TUS Airways will soon commence flying from Larnaca to Amman.

Energy Minister Yiorgos Lakkotrypis has in his hands the report of the Hydrocarbons Counselling Committee, which includes the final suggestions for blocks 6, 8 and 10 in the Cyprus EEZ.

In October 2016, compared with September 2016, industrial producer prices rose by 0.8% in the euro area (EA19), by 1.0% in the EU28 and remained unchanged in Cyprus, according to estimates from Eurostat.

Business transactions over the Internet saw an upward trend in Cyprus, businesses started using more high speed Internet connections and a small increase of companies choosing to have a website was also recorded, recent data released by the Cyprus Statistical Service shows.

The trade deficit in January to October 2016 widened by €619.5m to €3.5bn compared with the respective period of last year, or an annual 22%, the statistical service said.