Olympion beach in Limassol is in for an upgrade so as to ensure a clean and tidy environment for its many visitors, Limassol municipality said on Thursday.

Newly-appointed Transparency Commissioner Charis Poyadjis said the big bet is to reverse the atmosphere of mistrust prevailing in the society vis-à-vis the institutions.

Cyprus Chamber of Commerce and Industry (Keve) president Christodoulos Angastiniotis earlier this week said that the local businesses are now focused on enduring the current economic crisis.

The University of Cyprus downgraded its projection for economic GDP growth this year to 2.6% due to the Russian invasion of Ukraine, warning of potential deterioration in asset quality in the banking system due to rising inflation.

The government is considering giving a much-needed extension to measures curbing higher energy prices in Cyprus, Philenews reports.

Cabinet on Wednesday approved the purchase of five homes that will serve as assisted living residences for people with disabilities.

Children in Cyprus are among the most at risk of obesity in the European Union, according to a World Health Organisation (WHO) report published on Wednesday.

The construction industry is suffering as the price hike of raw materials continues, with developers crushed under higher costs as they are deprived of Russian money.

To follow is a Q&A session with Dr. Charis Savvides, Partner of Stelios Americanos & Co LLC on the topic of Crypto & Asset Tokenization: Regulatory Developments.

Debt as a percentage of Gross Domestic Product (debt ratio) of households has decreased by nearly 30% and for non-financial corporations 57% in the last five years, the Central Bank announced on Monday.