Bank of Cyprus (BoC) announces it has signed an agreement to sell its assets related to Societatea Companiilor Hoteliere Grand (GHES), a company incorporated in Romania to Austrias STRABAG SE.

President Nicos Anastasiades held a series of meetings with key members of his cabinet recently with the aim of seeking consensus among most of the political parties to vote through the foreclosure bill before the next EU council that will review progress and release the next tranche of bailout money.

The InterContinental Aphrodite Hills Resort Hotel, is to be rebranded into the Sensatori Aphrodite Hills Resort Hotel Cyprus, as of May 1, 2015, it announced recently.

Tourist arrivals increased by 5.7% in July 2014, Cyprus' Statistical Service said recently, announcing also an important increase of 11.4% in Cypriots' trips abroad.

The Energy Minister is in Cairo for talks with Egyptian counterparts as part of a broader itinerary in which he will hold talks with government officials in Oman, Jordan and Romania in September and October.

Defence Minister Christoforos Fokaides notes that the geopolitical instability in the region as a whole in combination with Cyprus' energy prospects upgrade its role and make it a strategic partner for the US.

The situation in Iraq, the Cyprus solution, the economic crisis and bilateral issues were on the agenda of a meeting President Nicos Anastasiades had recently with British Defence Secretary Michael Fallon.

Energy Minister Yiorgos Lakkotrypis is set for talks with Egyptian counterparts in Cairo in what he says is the first of a three-month series of visits to different countries to discuss the island's LNG prospects.

The Finance Ministry is trying to prepare legislation to complement a controversial bill on foreclosures in a bid to succeed in getting it approved by parliament where it is opposed by the majority of parties.

The dependence of Bank of Cyprus on the Emergency Liquidity Assistance (ELA) recorded a further decrease to €8.68 bln in July from €8.78 bln the previous month, according to the Central Bank of Cyprus.