Finance Minister Harris Georgiades told his colleagues at the Eurogroup meeting in Riga recently that the island was “edging out of recession,” while the group’s Chairman Jeroen Dijsselbloem welcomed the news for Cyprus.

The Central Bank of Cyprus (CBC) is to undergo a reorganisation, following a decision by the Board of Directors (BoD) to appoint an international advisory firm to conduct a study on the issue.

OPITO will play a major role in helping Cyprus to become a regional centre of technical excellence for oil and gas in the Eastern Mediterranean.

The recapitalisation of the cooperatives makes Cyprus look like it had the highest deficit in the EU in 2014 but the underlying number is far more favourable.

A total of 97,479 tourists visited Cyprus in March 2015, compared to 77,533 in March 2014, recording an increase of 25.7% according to Statistical Service data.

Energy Minister Giorgos Lakkotrypis recently denied reports that oil and gas companies are all but on their way out of Cyprus after coming up dry in their prospecting.

The Cyprus Investment Promotion Agency (CIPA) is urging parliament to expedite a batch of bills aimed at facilitating much-needed foreign investment in Cyprus.

MTN has entered a collaboration with Wargaming.Net, an international game developer and publisher based in Cyprus, to which it will offer collocation services, MTN said in a statement recently.

Cyprus will launch a tender for the privatisation of commercial activities at Limassol port in May 2015, Transport Minister Marios Demetriades announced recently.

A bill governing the operation of casinos is expected to be put to the vote inside May 2015 and the license will be issued around nine months later, Energy and Commerce Minister Giorgos Lakkotrypis said recently.