Cyprus' tourism industry is taking a huge hit from the lack of Russian and Ukrainian tourists, with an estimated loss of €600 million this year alone.

Despite Cyprus legalising the cultivation, import, export, and use of medicinal cannabis in February 2019, patients still can’t get access to it.

KPMG in Cyprus will act as a technical service consultant, following participation in a public tender, for the provision of support to the Treasury of the Republic of Cyprus, in the framework of the implementation of the new eProcurement system.

The Doctor of Veterinary Medicine (DVM) degree will be offered by the private University of Nicosia (Unic) in the English language. It will provide practical training from the first year of the five-year programme.

Hellenic Bank recorded an after-tax profit of €25.1 million in the first quarter of 2022 and announced that it has already embarked on a three-year transformation journey to unleash its potential and deploy its strategy to achieve sustainable profitability.

The education ministry has prepared a five-year programme costing around €100 million for air conditioning in schools, minister Prodromos Prodromou has revealed.

Economic uncertainty amid the Ukraine war and the European Central Bank rate hikes announcement are pushing Cyprus bond yields upwards in the wider context of sovereign bond sell-off in secondary capital markets.

A total of €292 billion was spent in 2021 in the EU member states on environmental protection, up 54% from 2006 (an average of 3% increase per year), according to the latest data released by Eurostat.

Gesy on-duty clinics will begin operating from next weekend, operator Health Insurance Organisation (HIO) said.

The growth rate for 2022 is expected to be 2.7%, while inflation will rise to 7%, according to the revised June forecasts, published by the Cyprus Central Bank on Friday.