The European Commission has announced it will fund new projects costing €171 million to support migrant reception, asylum and return systems in Cyprus, Italy, Spain, Greece, and Poland.

Fuel prices increased by 58.2% from January 2022 to July 2022, according to data published by the Cyprus Consumers Association, while many and large increases are noted in many goods and services, as recorded after the publication of the Price Index Consumer from the Statistical Service.

The Central Bank of Cyprus (CBC) has signed the European System of Central Banks (ESCB) equality, diversity, and inclusion Charter.

International rating agency S&P Global Ratings this week announced that it has affirmed its ‘B+/B’ long- and short-term issuer credit ratings for the Bank of Cyprus, maintaining a positive outlook.

Power Energy Cyprus (PEC) on Tuesday announced that it has signed a loan agreement worth €120 million for the completion of their power plant in Mari-Vassilikos.

Limassol Municipality has set high goals towards achieving climate neutrality by selecting to join the EU Mission for climate-neutral and smart cities by 2030.

Price increases in Cyprus are likely to become permanent as the Ukraine war persists, warned rating agency Moody’s.

A non-profit organisation will provide free educational STEAM programmes for teenage girls as of September.

The Bank of Cyprus on Tuesday announced that it has been named as the ‘Best Bank’ in Cyprus for 2022 by finance magazine Euromoney.

Cyprus MPs rejected President Nicos Anastasiades’ decision to send back to the House legislation scrapping VAT on fuel and electricity bills until the end of the year to ease the cost of living crisis.