Cyprus will be competing in Microsoft’s international technology competition Imagine Cup 2015 held in Seattle, USA, in July 2015 with three teams.

Cyprus, Egypt and Greece have signed the ‘Nicosia Declaration’, a framework agreement to further economic cooperation and solidify their three-way emerging political alliance.

Two Cypriot travel agencies, Top Kinisis and Xenos Travel, are joining Blue Air to offer chartered flights in the summer of 2015.

The prospect of creating a privately-funded asset-management company – or ‘bad bank’ – to help address the problem of non-performing loans (NPLs) is one that could be explored, Finance Minister Harris Georgiades said recently.

Transavia Airlines, which offers flights from Larnaca and Paphos to Amsterdam, was officially welcomed to the island recently in a ceremony at Larnaca airport.

Bailed-out Cyprus sold €1 billion in seven-year bonds recently, highlighting its economic recovery and the gulf with Greece, whose future in the euro zone is in doubt.

The economic climate in Cyprus improved in April 2015, with the Economic Condition Index increasing by 4 percentage points relative to the previous month, the University of Cyprus’ Economic Research Centre announced recently.

International lenders began talks in Cyprus recently to try to pave the way for a resumption of bailout payments after the island passed a law on foreclosure of bad loans.

Noble Energy has announced that its board of directors has declared a quarterly cash dividend of 18 cents per common share payable on May 26, 2015 to the shareholders of record at the close of business on May 11, 2015.

Billionaire investor Wilbur L. Ross, Jr., who pumped about €400m into Bank of Cyprus in August 2014 and now controls 19% of the island’s biggest lender, is confident that the bank will continue on its recovery path and as it continues to be restructured, it can gaze forward with a view to 'Bank of Cyprus, 2020'.