Finance Minister Harris Georgiades expressed recently his optimism that Parliament would pass the five bills pertaining to the insolvency framework and that it would allow for the implementation of a foreclosures legislation soon.

The property development sector has brought in over €1 billion in fresh capital from abroad since 2013, President of the Cyprus Land and Building Developers Association Pantelis Leptos said recently.

Energy Minister Giorgos Lakkotrypis recently left for the US for a series of meetings in Washington, New York and Boston.

Cyprus and Bahrain have signed a series of agreements, including deals on tax issues, terrorism and crime, while Bahrain will also for the first time ever, accredit an ambassador to Cyprus.

The rate of inflation for February 2015 decreased by -1.4% compared to -1.3% in January 2015 and -2.6% in February 2014, according to the Statistical Service of the Republic of Cyprus.

At an event held at the Royal Hall venue in Nicosia, Gulf Air, the national carrier of the Kingdom of Bahrain, in cooperation with its representative in Cyprus, Orthodoxou Aviation Ltd, rewarded their partners for their 2014 level sales.

The Finance Ministry has submitted a bill seeking to lift a ban on the sale of loans to foreign banks and funds that parliament had passed in January 2015.

Cyprus expects to fully lift capital controls imposed two years ago before the end of Q1 2015, Central Bank Governor Chrystalla Georghadji said recently.

The details of the ECB's programme were unveiled recently by its President Mario Draghi, in Nicosia, after the Governing Council of the ECB concluded its meeting there.

With the arrival of Spring and the magic of the Cypriot landscape, the Cyprus Hotel Association is reminding locals of the attractive prices being offered for domestic tourism (November 2014 to March 2015).