Despite the challenges, 2021 has been another successful year for the Investment Funds sector in Cyprus. The data published by the Cyprus Securities and Exchange Commission (CySEC) prove the significant but steady increase in the size of the sector.

Three years of efforts are beginning to pay off, with Cyprus poised to see an increase in the number of visitors from France, deputy tourism minister Savvas Perdios said on Tuesday.

The Cyprus Investment Funds Association welcomes the decision of the global mogul, MUFG Investor Services, to establish a European base in the country.

The Ministry of Health announced today that Ukrainian refugees who have already applied for temporary protected status and who need healthcare treatment can go to public medical centers/public hospitals located all over Cyprus.

The House Plenum has voted in a bill providing for the establishment of a Deputy Ministry of Culture whose operation is set for July this year.

A new era beckons for Larnaca as construction of the €1.2 billion redevelopment of the town’s marina and port is undertaken by Cypriot-Israeli private investors.

The rise in daily Covid-19 infections and heightened uncertainty over the impact on the real economy led Cyprus banks to tighten the lending criteria for corporate loans in the fourth quarter of 2021.

The President of the Republic, Nicos Anastasiades stressed on Monday the important steps that have been taken in the last two years within the framework of the Government`s strategic planning in the energy sector.

Economic growth in Cyprus will slow sharply before recovering, due to the shock associated with the war in Ukraine, the International Monetary Fund has said, adding that the key near-term challenge “is to calibrate a policy response to the economic fallout from the war in Ukraine.”

Following the recent unfortunate events, new sanctions and restrictive measures have been imposed against a number of Russian financial institutions, entities and individuals. This is a fast-changing and irregular situation, and the regulations imposing restrictive measures are continuously revised and updated. Regulators in Cyprus have issued announcements and circulars to Regulated Entities in relation to their obligations to abide by the applicable restrictive measures and implement and maintain a sanctions policy.