Business and household debt in Cyprus reached €56.2 billion in the first quarter of 2022, according to data from the Central Bank of Cyprus.

Labour Minister Kyriakos Koushos held new talks with employers’ organisations on Friday as he seeks to bridge differences between social partners ahead of the introduction of a national minimum wage.

Hoteliers in the Famagusta district are satisfied with the number of tourists’ arrivals this summer, especially considering the difficult circumstances posed by the ongoing conflict in Ukraine.

Cyprus tourist numbers have rebounded this summer following two years of much-needed revenue lost during the COVID-19 pandemic.

The number of immigrants employed in Cyprus in 2021 amounted to 180,344, corresponding to 28.8% of Cyprus’ total labour force, the Cyprus statistical service (Cystat) has said.

Embria, a Cyprus-based venture builder firm that founds, funds and grows startups from the ground up, on Thursday announced that it has provided a $500,000 seed investment in 10K Riders.

The Central Bank of Cyprus (CBC) has downgraded its forecast for 2022 GDP economic growth by 0.9 percentage points due to the negative effects of the Ukraine war and the sanctions against Russia.

The United States donated to Cyprus an underwater camera that upgrades the Port and Marine Police’s operational capabilities, especially in maritime security.

The World Health Organization (WHO) will set up regional offices in Cyprus to cover the Mediterranean basin and southeast Europe, dealing mainly with infectious diseases the health ministry’s spokesman Constantinos Athanasiou told the Cyprus News Agency on Friday.

The Cyprus Securities and Exchange Commission has received the Great Place to Work® certificate.