The Hellenic Bank believes that Cyprus' economy could return to positive growth in 2015, under the appropriate conditions and with the right moves and initiatives.

Business and consumer confidence rose in November 2014 by 3.11 points compared to the month before and reached its highest level since the fourth quarter of 2008, the University of Cyprus said.

Cyprus must make the most of its mild winter climate during winter by enhancing niche sectors of tourism, a survey conducted by PwC released recently said.

The discovery of hydrocarbon reserves in the Eastern Mediterranean can and should work as a tool for peace, stability, and cooperation in the region, Cyprus and Lebanon said recently.

Internet access for households in Cyprus continued to rise in 2014 reaching 68.6% compared to 64.7% in 2013, a survey issued by the Statistical Service reports.

Bank of Cyprus posted a €76 million profit in the first nine months of the year saying its deposits were starting to stabilize while the quality of its loan portfolio remained challenging with rising non-performing loans.

Cyprus may start selling natural gas to Egypt by 2018 if the two countries reach an agreement to link gas from the Aphrodite field operated by Noble Energy to Egypt’s liquefactions plant.

RCB Bank Ltd., the Limassol-based ‘systemic’ bank that passed the recent ECB capital strength tests with flying colours, has raised $124.2 mln in fresh equity by selling a 19.85% stake to Otkritie Financial Corporation Bank.

Nicosia and Cairo agreed recently to speed up talks for exporting Cypriot gas to Egypt as the island appeared to switch track from onshore LNG to pipelines.

Cyprus’ heavy reliance on fuel imports is highlighted in the latest report by the World Energy Council.