Cyprus’ Central Bank (CBC) governor, Constantinos Herodotou on Friday projected that an expected rise in interest rates by the European Central Bank (ECB) would be manageable.

Cyprus will extend lower VAT on electricity bills and a fuel price cap while boosting pensions to cushion the impact of runaway prices that have pushed inflation to its highest rate in over 40 years.

To boost tourism, Cyprus and Jordan will join forces to jointly promote tourist packages, particularly from long-distance destinations.

Masks will no longer be required in indoor spaces as of June 1, according to an announcement today from the Ministry of Health.

Lower fees for the import and export of containers containing low value products will be introduced at Limassol port, following an agreement between the transport ministry and Eurogate, the port’s container terminal operator, the transport ministry announced on Thursday.

Some parking areas in Nicosia from Tuesday, May 31, will close for the installation of sensors designed to allow drivers to find spaces more easily, the capital’s municipality said on Thursday.

The Health Insurance Organization (HIO) will finally proceed with private hospitals in order to cover the afternoon, weekend and holiday shifts thus giving time to the State Health Services Organization (OKYPY) to decide whether its hospitals will also join the afternoon-shift program.

President Nicos Anastasiades discussed potential upgrades to the health sector in Cyprus on Thursday during a broad meeting at the presidential palace.

Economic sentiment in Cyprus improved slightly in May, with the monthly Economic Sentiment Indicator (ESI-CypERC) up by 1.1 points from April due to stronger business confidence in services.

Cyprus-licensed bank AstroBank on Wednesday announced that it recorded an after-tax profit of €3.3 million in 2021, a notable improvement on the €18 million loss it sustained in 2020.