The Cyprus economy is showing signs of confidence and optimism the European Bank of Reconstruction and Development EBRD said in its September Regional Economic Prospects for the countries the bank operates in.

President Anastasiades addressing a Russian business seminar recently welcomed Russian investors' huge interest in investing in Cyprus, in sectors such as banking, tourism and real estate.

Cyprus Airways is expected to sign an agreement with a British aviation expert to act as a consultant, the press reported recently.

Cyprus' Energy Minister says Egypt and Jordan are interested in buying natural gas from the Mediterranean island nation to meet their domestic needs.

We want Cyprus to emerge stronger from the crisis than before, German Minister of State for European Affairs Michael Roth has said, addressing a recent event in Nicosia.

August harmonised inflation in Cyprus accelerated to 0.8% compared with the 0.1% of the corresponding period of 2013 when the island was facing deflation pressures, figures released by Eurostat on show.

Bank of Cyprus (BoC) said recently it has agreed to sell a UK loan portfolio largely composed of residential and commercial real estate-backed facilities to Mars Capital Finance Limited, a mortgage lender and administrator regulated by the Financial Conduct Authority of the UK, and to Camael Mortgages Limited.

Government Spokesman Nicos Christodoulides highlighted nine positive facts in the local economy, pointing out that this has been achieved through the hard work of the people of Cyprus.

The average hourlylabour cost across the whole economy dropped in Cyprus by 3.9% in nominal values during the second quarter of 2014, compared the same period in 2013.

The outlook on the Cypriot banking system remains negative, primarily reflecting the expectation of a continued rise in problem loans over the next 12-18 months that will exacerbate losses and erode banks’ capital, Moody’s said recently.