The cabinet has approved a new €3 million scheme to support businesses in light of the recent restrictions imposed in some sections of the economy, Finance Minister Constantinos Petrides said on Wednesday.

New court cases will be filed electronically instead of in physical form as of February 1, the supreme court announced on Thursday.

The deputy tourism ministry announced on Wednesday 12 grant schemes that will come into effect this year as part of its national tourism strategy 2030.

The Cypriot economy is expected to remain robust in 2022 as real GDP is projected to expand by 4.1%, according to the University of Cyprus Economic Outlook

The cabinet on Wednesday announced, as expected, that the test to stay’ programme being implemented in schools would be extended to health professionals in public and private hospitals, police and the fire department.

Strovolos municipality will grant free parking permits for low-emission hybrid cars and continue providing free parking for all electric vehicles for 2022.

Cyprus could issue its first green or sustainability bond next year and aim to raise at least €500 million, an official from the debt management agency told Reuters.

Despite the significant decrease in imports from the United Kingdom as a result of Brexit, Cypriot exports, mainly of dairy products, have remained at the same levels, said the Deputy Secretary-General of the Cyprus Chamber of Commerce Leonidas Paschalidis in an online conference organized by the Brexit Financial Media Way.

Total non-performing loans (NPLs) in the Cyprus banking sector decreased by €32 million at the end of October 2021, compared to the previous month, when total loans increased by €14 million to € 27.91 billion.

The Cyprus Telecommunications Authority (CyTA) said Monday it is increasing its profits as well as its market share while giving back to the state over €1 billion in the form of dividends and taxes over the past 20 years.