In March, Cypriot private-sector deposits marginally increased, marking the first time since November.

American Ambassador to Cyprus John M. Koenig, declared to Millyet Newspaper over the island's divide, "The solution is too important to be left to politicians", and wants the two territories to come together to find a solution.

President of the Republic of Cyprus Nicos Anastasiades, stated that the island received an improved Standard and Poor's and Fitch grade due to its continued financial efforts.