With nearly one in five euros generated from the travel and tourism sectors, Cyprus is embarking on a general makeover, as well as an aggressive campaign to promote the island as a
Total assets of Cyprus residents stood at €684.57 bln against higher total liabilities of €711.78 bln at the end of September, Central Bank data shows. Cypriot residents’ assets included €106.56 bln in
Cyprus maritime authorities are urged to redouble attempts to revive a passenger ferry to Greece after moves to subsidise the link failed to attract any interest from shipping companies. The Shipping Ministry
The European Commission on Monday approved a €10.2 mln Cypriot government scheme to support the self-employed and businesses affected by the coronavirus outbreak. The scheme was approved under the State aid Temporary
In December, the euro area seasonally-adjusted unemployment rate was 8.3%, up from 7.4% in 2019 while in Cyprus the jobless figure was similar at 7.3%, according to Eurostat. The EU unemployment rate
Fifth-generation mobile networks have arrived after the Cyprus Telecommunications Authority announced its 5G network, covering 70% of the population, is up and running. Through social media, Cyta announced the “beginning of a
As Cyprus starts lifting lockdown police are stepping up checks to ensure the public and businesses follow the rules during the exit strategy. With COVID data improving significantly, as a result of
Cyprus on Monday began the gradual exit of a second national lockdown to stem coronavirus which peaked in December with 907 cases. As of Monday, barbershops, hairdressers, and beauty salons have reopened
Following the demise of Cyprus “golden passports” scheme compounded by coronavirus the construction industry is suffering but has options. The sector is relying on housing developments and offices for companies attracted to
Cyprus reported 113 new coronavirus cases on Saturday as it boosted free COVID-19 tests ahead of Lockdown II being lifted next week while there were no deaths for a second successive day.
