Construction projects which obtained a building permit in January dropped an annual 14% in terms of construction volume and 3.3% in terms of area to 69,327 square meters and €73m respectively.

Bank of Cyprus recently announced plans to sell Kermia Hotels Ltd and adjacent land, in line with the Group’s strategy of deleveraging through the disposal of non-core exposures to focus on core businesses and strengthening its capital position.

World Tour cycling team Tinkoff are training in Cyprus ahead of the Giro d’ Italia, the Cyprus Tourism Organisation (CTO) said recently.

Cyprus registered the highest year-on-year decrease in unemployment in February 2016, the European statistical service Eurostat said recently.

Cyprus, Greece and Israel are scheduled to sign a maritime protection agreement to safeguard the Mediterranean marine environment from risks due to hydrocarbon extraction activities.

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Cyprus raised€100 million during a 13 Week Treasury Bills auction recently, according to the Finance Ministry’s Public Debt Management Office.

Interest rates for loans and deposits continue to drop in Cyprus as each month passes.

Cyprus-based carrier Cobalt has signed agreements for three Airbus A320 aircraft, ahead of the airline’s launch to European and Middle Eastern destinations by the end of May 2016.

Three years after signing up to a financial bailout programme, Cyprus is set to see bad loans fall, said Central Bank Governor Chrystalla Georghadji.