Council for Registration of Real Estate Agents president Marinos Kineyirou on Wednesday said that the Cypriot property market is not currently going through a bubble, despite the concession that prices have indeed been increasing.

Auctions of foreclosed properties are back online following a two-year freeze imposed by authorities due to the COVID-19 pandemic fallout, as 800 auctions have been scheduled for the next weeks.

Low-income pensioners can apply for free three-night stays in mountain resorts as of next week, the labour ministry announced on Thursday.

A total of €438,000 worth of bounced checks were recorded for the month of April, according to data announced by the CBC on Wednesday. This is the largest monthly value of bad checks recorded since 2020, and it corresponds to more than half of the total amount of bad checks recorded throughout 2020.

Fitch Ratings on Tuesday said that the ratings of the Bank of Cyprus and Hellenic Bank have been kept on Positive Outlook in spite of the escalating global economic dangers stemming from the war in Ukraine.

The Cabinet of Ministers on Tuesday approved a new tax incentives scheme aimed at attracting foreign companies and high-quality workers to Cyprus.

Ayia Napa’s municipal authorities have installed an audio guidance system for people with visual impairments at Landa beach, it said on Wednesday.

As of Sunday, May 15, the coronavirus SafePass will be abolished in all restaurants, cafés, bars and nightclubs in Cyprus.

Cabinet on Tuesday approved a new holiday scheme for people with disabilities expected to benefit some 600 individuals.

Greek oil and gas company Energean on Monday announced the discovery of a commercially exploitable natural gas field in Israel’s exclusive economic zone (EEZ), with Cyprus being considered as a potential export destination.