The impact on the Cypriot economy from the EU sanctions against the Russia after its invasion of Ukraine will mainly stem from tourism and energy, George Panteli, the Finance Ministry’s Permanent Secretary has said.

The Health Ministry’s ‘test to stay’ school testing programme will be extended to include public and private kindergarten and primary education children in Cyprus as of Monday, March 21.

The University of Cyprus is offering ten full scholarships to Ukrainian refugees whose studies were violently interrupted by the Russian invasion.

RSM in Cyprus is amongst the leading professional services providers offering a comprehensive range of audit, tax, and consulting services with a presence in Limassol, Paphos and Nicosia, jointly with the other RSM in Europe launches the 4th edition of Commercial Real Estate Tax Guides 2022.

As petrol prices surge in the wake of Russia’s invasion of Ukraine and consumers fret over the cost of living, the finance ministry has revised its forecast for inflation this year from an initial 1.5% to 4%.

Hellenic Bank on Tuesday announced that it has negligible direct exposure to Russia, while its indirect exposure through any adverse effects on the Cypriot economy hinges on a number of factors, which are currently hard to assess.

Ireland is seeking to reinforce trade relations with Cyprus, according to Martin Heydon, the country’s Minister of State for Research and Development, Farm Safety and New Market Development.

Cyprus’ trade deficit increased in January 2022 by 19.4%, to €518.72 million, compared to €434.34 million in January last year, according to provisional data, published by the Statistical Service of Cyprus.

Cyprus’ tourism sector is not throwing in the towel in the aftermath of the war in Ukraine, and is pinning its hopes on alternative markets with the hope of maintaining holidaymakers at last year’s levels.

In its efforts to protect the most vulnerable from covid, the National Advisory Committee on vaccines and the Ministry of Health are recommending the following.