Drilling works have started at "Cronos-1" within Block 6, of Cyprus’ exclusive economic zone, the Ministry of Energy announced on Monday.

The Bank of Cyprus plans to reduce the number of its branches by 25% and workforce by 15% this year. In numbers, this means 500 jobs will go and branches would be reduced from 80 to 60.

More than a third of land in Cyprus is protected, the sixth highest rate in the EU27, according to figures published by Eurostat on Saturday on the occasion of Natura 2000 Day, which is marked annual on May 21 and the International Day for Biological Diversity, marked on May 22.

Amid rising concern in Europe over outbreaks of monkeypox, the health ministry issued guidance on Saturday offering information about the virus to the public.

The Bank of Cyprus on Thursday announced that it recorded a profit after tax of €21 million during the first quarter of 2022, €13 million higher than the corresponding period of 2021.

A parliamentary committee on Thursday debated an amended bill stipulating that applications for strategic development projects in Cyprus should be given the go ahead within 12 months of submission.

Stoked by rising energy costs, the Harmonized Index of Consumer Prices increased by 8.6% in April, from last year, according to data published by the Statistical Service.

The positive year-over-year growth rate of the Cyprus Composite Leading Economic Index continues to slow down in April 2022.

The Cabinet of Ministers on Wednesday announced the approval of a 20% tax cut for research and development projects.

Deputy Minister for Research, Innovation and Digital Policy Kyriacos Kokkinos on Tuesday afternoon engaged with the local fintech community, during an event on digital assets, entrepreneurship and financial technology.