The amount of non-performing loans in the Cypriot banking system fell by €144.3m from April to May 2016, and by €1.6bn compared with May 2015, to below €25.4bn, which is the lowest since December 2014 when the current methodology was introduced, the Central Bank of Cyprus said.

A Bloomberg survey of 9 economists' forecasts for Cyprus’ economic indicators through 2018 is good news for the Cyprus economy.

The countdown to submit proposals for research and exploitation of hydrocarbons in the three blocks of the Cypriot EEZ up for offer in the third licensing round has begun.

The number of tourist arrivals in June 2016 rose 23% to 413,114 compared with the respective month of 2015, as the number of visitors from almost all major markets continued to rise, the statistical service said.

Bids for Cyprus' 7-year bond under the EMNT programme reached €2.462.698.000, exceeding by two and a half times the original target of the Ministry of Finance, with a yield of 3.80%.

The Republic of Cyprus signed an agreement for the avoidance of double taxation (‘DTT’) with Jersey, during a ceremony at London’s Cyprus High Commission on 11 July 2016.

The construction of luxury residential twin towers which will be part of the new Ayia Napa marina will start in late September 2016, Mayor Yiannis Carouses announced recently.

European Investment Bank President Werner Hoyer, in an exclusive interview with the Cyprus News Agency (CNA), gives a positive outlook on his Bank’s future and present involvement in post-program Cyprus and recession- struck Greece.

The European Commission has approved the latest tranche of a €1 billion subsidy that aims to assist European farmers and which includes a €297,165 payment for Cyprus.

Bank of Cyprus’ outstanding emergency liquidity fell in June 2016 to €2.4bn or below compared with €2.8bn in May, after it repaid more than €9bn over the past three years, the Central Bank of Cyprus said.