Central Bank of Cyprus and European Central Bank (ECB) Board member Chrystalla Georgadji has said she is optimistic about the course of both the Cypriot economy and the banking system, as the island edges closer to its exit from its three-year economic adjustment programme, which expires in March 2016.

The UN has informed the two community leaders on the island that both the IMF and the World Bank are calling for a single economy for Cyprus in the event of a solution.

Revenue from tourism marked a rise of 4.4% in 2015, according to Cyprus Statistical Service figures released recently.

The Cyprus Property Price Index RICS has recorded falls in most cities and asset classes in the fourth quarter of 2015, though the rate of decrease is less than previous quarters.

Hellenic Bank reported a small post-tax profit for 2015 of €13m in 2015 – a turnaround from the loss of €117.6m posted in 2014.

The Bank of Cyprus has reported €438 million losses for 2015, according to the Group's preliminary financial results for the year.

Companies from Germany and Dubai have effectively won the tender for Limassol port, as they were the only consortia listed in each of the concessions for the port’s commercialisation.

The International Monetary Fund and the European Commission, in cooperation with the UN, have organised in Cyprus a two-day workshop on fiscal federalism, to contribute to the discussion on the financial system after a future Cyprus settlement.

The Bank of Cyprus Board of Directors convenes on Thursday, February 25, to approve the 2015 preliminary financial results which will be published after the closing of the Cyprus and Athens stock markets.

Cyprus is set to announce on Thursday, Feb. 25, 2016, the successful bidders who will undertake three sectors of operations at the eastern Mediterranean island's primary port of Limassol.