The Cabinet approved on Tuesday a plan to create public sanitary spaces and recharge stations on Cyprus motorways, according to a written statement by Deputy Government Spokesperson, Niovi Parisinou.

The European Commission has approved a €20 million Cypriot VAT deferral scheme to support businesses affected by the coronavirus pandemic and the restrictive measures put in place to limit the spread of the virus.

Real estate agents in Limassol and Paphos are reporting the highest demand from foreign buyers and Cypriots for homes since 2020 when the government ended the disgraced citizenship for investment scheme.

The Price Index of Construction Materials went up by 21.81% in May 2022 compared to the corresponding month of 2021, and continued the upward trend that follows since January 2021.

President Nicos Anastasiades on Sunday lauded the resumption of the Cyprus-Greece ferry link after more than 20 years as “historic”, as he addressed the launch of the maiden voyage of the ferry from Limassol port.

President Nicos Anastasiades has chosen former government spokesperson and close associate Kyriacos Koushos to lead the Labour Ministry following the untimely death of Zeta Emilianidou earlier this month.

The Cyprus Computer Society earlier this week announced that it will hold the fifth iteration of its Robotex Pancyprian Robotics Competition.

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.