Irena Georgiadou, the former chairperson of Hellenic Bank, has joined the board of RCB Bank, following changes at the Limassol-based bank, including the announcement last week of its shareholding restructure.

Targeted inspections in the construction sector will now be conducted by the Ministry of Labor, Welfare and Social Insurance beginning in March in an effort to clamp down on undeclared labor.

Cyprus will cover the cost of PCR tests for Ukrainian citizens arriving at Larnaca and Pafos airports, according to instructions given by Cyprus President, Nicos Anastasiades.

A sixth bus terminal in Nicosia will be available to the public from February 26, as the Cyprus Public Transport company announced that the second phase of upgrading the network is nearly complete.

Russian state-owned VTB Bank (PJSC) has transferred all its shares in RCB Bank to Cypriot shareholders, making RCB a 100% Cypriot-owned bank.

Cyprus’ Harmonized Index of Consumer Prices in January 2022 increased by an annual 5%, climbing to the highest level of the last 13 years, mainly pushed by prices increases in energy and transport.

The enhancement of trade relations between Cyprus and the UAE, was discussed on Wednesday in Dubai, during a meeting between Cyprus Energy, Commerce, and Industry Minister, Natasa Pilides, and UAE Minister of State for Foreign Trade Thani Ahmad Al Zeyoudi.

Seven out of ten businesses in Cyprus said their turnover took a hit from the coronavirus pandemic in 2021 while blaming the government for ‘not doing enough’ to guide them through the crisis.

Over 3,600 primary and secondary school students competed for the best green-business ideas that would help reduce plastic use and promote environmental sustainability as part of the mindREset programme.

Deputy Minister for Tourism Savvas Perdios has reportedly assured the tourism industry that the government is devising a contingency plan in the event of a flare-up in Ukraine and possible sanctions on Russia, adversely impacting tourist arrivals from that country but from Ukraine as well.