The current energy crisis and inflation have undone the rebound in the Cyprus economy registered last year, depleting households’ disposable income and posing a threat to the stability of the financial system, the Central Bank has said.

Famagusta and Paphos tourism stakeholders are glad to see Cypriot holidaymakers chipping in to compensate for the loss of Russian tourists following the war in Ukraine and EU sanctions.

There has been an increase in the nesting of sea turtles and especially the caretta-caretta turtle in recent years said Agriculture Minister Costas Kadis on Wednesday, adding that he hopes this will continue.

The cost of consumer goods and services in Cyprus continued to climb in June, on an upward spiral for the past 18 months, rising to 111.34 points or 9% on an annual basis and 1.2% from the previous month.

The Cyprus Securities and Exchange Commission (CySec) is warning of manipulation attempts against young people from ‘finfluencers’, employing methods such as ‘gamification’ in investment as it launches a new campaign to protect the public from investments that involve high risk and may not be suitable for them.

TUS Airways acquired an Airbus A320, the fifth plane in its fleet, it announced on Wednesday.

Cyprus will impose an outright ban on single-use plastic items such as cups and straws as of 1 October to reduce pollution.

The hotel occupancy rate in the Paphos district during July will reach 80%, according to the chair of the local hoteliers association Thanos Michaelides.

On the eve of the anniversary of the 1974 invasion, Commerce Minister at the time Michalis Kolokasides recalled the impressive efforts to rebuild Cyprus’ economy after the one third of the island was suddenly seized.

Labour Minister Kyriacos Koushios said on Monday he will submit a final proposal on the national minimum wage at meetings with stakeholders on Thursday and Friday, with the aim of securing a final decision earlier than scheduled.