Based on data from the European Statistical Office (Eurostat), Cyprus recorded the lowest rate of housing cost overburden in the EU in 2020, the finance ministry said in a statement.

Kyndryl, the world's largest IT infrastructure services provider and Bank of Cyprus, the leading banking and financial services group in Cyprus, announced an agreement to expand their collaboration with a new five-year managed IT services program that advances the Bank’s ESG commitments through 2030, by supporting the Bank’s levels of service, giving access and visibility to its products to all stakeholders.

RCB Bank Ltd announced that the sale of Tranche B of its performing loan portfolio to Hellenic Bank Public Company Ltd has been successfully completed.

After years of trying to locate and extract natural gas from its EEZ, Cyprus' prospects continue to stagnate due to the current geopolitical conditions, the Cyprus issue, and the fact that the research, although promising, has not yet yielded the large quantities that were found in the EEZ of Egypt and Israel. The signing of another tripartite cooperation in Cairo, this time a memorandum of understanding between the European Union, Egypt and Israel for the transfer of Israeli gas to Egypt's liquefaction terminals for export to the European Union, was a harsh reminder of this reality.

Cyprus has received certification from the UN Office for the Coordination of Humanitarian Affairs (OCHA), for earthquake preparedness and response, Civil Defence spokeswoman, Olivia Michaelidou said on Sunday.

Cyprus’ leading luxury property developer has launched sales of its new project, Attikis Residences, in Nicosia. The development comprises two buildings of 22 luxury two and three-bedroom apartments, 50% of which have already been sold and reserved in its pre-launch phase.

Preparations are on overdrive for the first ferry round-trip on Sunday between Cyprus and Greece after 21 long years, according to the shipping line coordinating the route.

Alphamega Hypermarkets CEO George Theodotou earlier this week told attendees at the Cyprus Grocery Retail conference that the sector is currently facing unprecedented challenges.

The Cyprus Fiscal Council recommends particular caution in public finances due to increased risks, which may persist over time, expressing the view that support measures should be focused on small and medium-sized enterprises and vulnerable groups of the population rather than across the board.

By the end of June all EU member states, including Cyprus, will receive the first batches of the monkeypox vaccine, according to EU Health and Food Safety Commissioner Stella Kyriakidou.