The European Commission has approved under EU State aid rules Cyprus' map for granting regional aid from 1 January 2022 to 31 December 2027, within the framework of the revised regional aid Guidelines (`RAG`) which was recently adopted.

Cyprus’ Minister of Justice and Public Order Stephie Dracos stressed the need for a change in culture regarding the rights of LGBTI+ people, after signing on Tuesday a Memorandum of Understanding on the Protection and Promotion of the rights of LGBTI+ People in Europe and in the Commonwealth between the United Kingdom and the Republic of Cyprus.

Cyprus and the United Arab Emirates (UAE) will sign MoUs on maritime transport, cyber security and diplomatic training on the occasion of the visit of Cyprus President, Nicos Anastasiades, to Dubai for the EXPO 2020.

EY Cyprus has announced that Alexis Pantazis and Emilios Markou, Co-Founders and Executive Directors of Hellas Direct have been named EY Entrepreneur Of The Year™ Cyprus 2022 (EOY) winners, during a ceremony and gala dinner held on February 17th at the Parklane Resort & Spa in Limassol.

Tourism deputy minister Savvas Perdios on Monday said there is now a serious possibility of direct flights from Cyprus to Saudi Arabia which has been in the works for three years.

The Cyprus Investment Promotion Agency, commonly known as Invest Cyprus, has entered a collaborative initiative with counterparts from 16 other EU member states seeking to attract technology industry employees to their respective countries, it announced on Wednesday.

Bank of Cyprus, the one-time bellwether stock that drove the economy, maintains a conservative yet steady course to recovery, reporting an after-tax profit of €31.9 million for 2021, a turnaround from €175 million 2020 losses.

Finance Minister Constantinos Petrides confirmed that European monetary bodies consider resorting to interest rate hikes to deal with high inflation.

The European Commission has approved a €6.13 million Cypriot incentive scheme geared to support airlines affected by the coronavirus pandemic, having found it to be in line with the Temporary State Aid Framework of the EU.

After drawn-out debates before the House of Representatives, MPs on Thursday passed a law establishing an independent Authority against corruption as well as law regulating political lobbying.