Standard and Poor’s (S&P) rating agency affirmed Cyprus’ long and short-term sovereign credit ratings at ‘BB-/B’, with a positive outlook, expecting the economy to grow at more than 2% over 2016-2019.

The Cyprus Stock Exchange (CSE) experienced a negligible drop on Monday, March 21 at lunchtime (12.40), with the General Index make losses of 0.06% and the FTSE/CySE 20 Index down 0.08%.

Larnaca-based Cobalt Aero plans to start charter operations in May 2016 and scheduled flights in June while their first aircraft is expected in Cyprus in a few days, CEO Andrew Pyne told the press.

Cyprus’ nominal gross domestic product rose 0.2% in 2015 to over €17.4bn after shrinking 3.7% the year before, the statistical service said.

The UK-Cyprus Enterprise Council (UKCEC) announced the latest addition of two UK Cypriots to its team of professionals working towards enhancing trade and partnerships between the two countries.

The lowest annual inflation rate has been registered in Cyprus (-2.2%) in January 2016, according to Eurostat, the statistical office of the European Union.

Finance Minister Harris Georgiades said that the economy of a reunified Cyprus requires the introduction of strict rules governing both public finances and the banking sector which will strengthen financial and political stability.

The Cyprus Stock Exchange (CSE) experienced slight gains at close of trading on March 16, 2016 after the down-turn just one day earlier.

Cyprus must not become complacent in its ongoing efforts to consolidate its recovering economy, the island’s Finance Minister Harris Georgiades said recently.

Home prices remained unchanged in the fourth quarter of 2015 compared to the previous quarter for the first time since 2010 as a quarterly increase in house prices offset a decline in flat prices, the Central Bank of Cyprus said.