Cobalt has now been allocated traffic rights to operate scheduled services on the route Larnaca-Odessa-Larnaca, a press release from the low-cost carrier said recently.

Home prices fell a quarterly 0.8% in January to March 2016, as a 0.6% increase in the price of apartments was unable to offset a 1.3% drop in house prices, the Central Bank of Cyprus said.

Five Cypriot companies are among the one thousand companies listed by the London Stock Exchange as being exceptional and inspirational.

Cyprus’ economy is projected to expand 2.9%, which is the fastest pace since 2008, and beats the 2.2% and 2.7% updated forecasts by the Finance Ministry and the central bank respectively, even as Brexit and the political and economic uncertainty the June 23 referendum triggeredpose a downside risk, the University of Cyprus said.

Israeli Delek Group Ltd announced that its gas and oil exploration units Avner Oil and Gas LP and Delek Drilling LP have bid for Cyprus’ EEZ third licensing round, for hydrocarbon exploration in blocks 6, 8 and 10.

The Cyprus Tourism Organisation (CTO) is seeking to beef up its promotion and advertising campaign for 2017 by asking for the government to cough up a further €12 million to add to its €48m budget.

Energy Minister Yiorgos Lakkotrypis said that some of the companies already involved in oil and gas exploration in Cyprus’ exclusive economic zone had submitted bids in Cyprus’ third licencing round.

Cyprus' Industrial Turnover Index for April 2016 marked an increase of 0.9% year on year reaching 76.5 units, the Statistical Service (Cystat) has announced.

The Council of Europe Development Bank will extend a €32m loan to the University of Cyprus to finance the expansion of its campus, the Finance Ministry said.

Moody’s Investors Service said that it expects that 2016's strong performance of the tourism industry will help Cypriot banks via opportunities to extend new lending and sell assets in their possession and reduce their stock in bad loans.