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.

Despite the rising cost of living, Cypriots are keeping with tradition and heading for a short hotel getaway during the long Pentecost holiday weekend.

UK airports gridlock is taking its toll on Cyprus tourism as passengers flying to and from the island have either suffered long-hour delays or had their flights cancelled.

The Ministry of Education has announced free intensive Greek language lessons for Ukrainian refugees who have come to Cyprus due to the war in their country.

Cyprus is expected to submit a request to the European Commission for the first tranche of money from the EU’s Recovery and Resilience plan fund worth €85 million around the third week of July, a government source said on Wednesday.