Loan takers will be paying higher installments as of September 14 following Thursday’s decision by the European Central Bank to raise its key interest rates by an unprecedented 75 basis points.

In August 2022, air traffic in Cyprus decreased by 13% compared to August 2019, data released by Eurostat on Friday show.

Cyprus is ranked 18 among other countries in attracting foreign direct investment, as reported in the seventh edition of the Greenfield FDI Performance Index of the FDI Intelligence for 2021, going up by 50 places compared to 2020.

Authorities will roll out a second booster shot against COVID-19 next week for everyone over 30 with updated vaccines, covering Omicron, said the Health Ministry Friday.

Paphos hoteliers association president (Pasyxe) Thanos Michaelides this week said that the hotel occupancy rate in the district is expected to hit 70% during September.

The number of applications approved for participation in the Restructuring Scheme “Estia” has increased, reaching 1,049. At the same time, appeals for 881 applications that were denied will be re-examined compared to only 543 last March.

Private equity firm Lone Star, in a statement issued on Tuesday to the London Stock Exchange, said that it is considering its options in terms of submitting a revised offer for the acquisition of the Bank of Cyprus.

The contract signing ceremony for the construction of the Astromeritis–Evrychou motorway, which will cost €88,627,630, took place today at the Presidential Palace, in the presence of President Anastasiades.

Larnaca municipality launched a tender on Thursday to construct an events and recreation centre in the Tsiakkilero area of the city.

Hungary’s Wizz Air announced an expansion of its operations on Thursday.