Unemployment fell by 58% in March 2022, compared to the same month last year, according to the Cyprus Statistical Service (Cystat).

The EastMed pipeline remains a project of common interest despite being gas-based, making it ineligible for EU funding, the European Parliament voted on Tuesday during its plenary session.

This year, hopes of a better tourism season than coronavirus-struck 2021 were rekindled after authorities said Cyprus passenger traffic would spike 47%, exceeding 7.5 million in 2022.

Despite the challenges, 2021 has been another successful year for the Investment Funds sector in Cyprus. The data published by the Cyprus Securities and Exchange Commission (CySEC) prove the significant but steady increase in the size of the sector.

Three years of efforts are beginning to pay off, with Cyprus poised to see an increase in the number of visitors from France, deputy tourism minister Savvas Perdios said on Tuesday.

The Cyprus Investment Funds Association welcomes the decision of the global mogul, MUFG Investor Services, to establish a European base in the country.

The Ministry of Health announced today that Ukrainian refugees who have already applied for temporary protected status and who need healthcare treatment can go to public medical centers/public hospitals located all over Cyprus.

The House Plenum has voted in a bill providing for the establishment of a Deputy Ministry of Culture whose operation is set for July this year.

A new era beckons for Larnaca as construction of the €1.2 billion redevelopment of the town’s marina and port is undertaken by Cypriot-Israeli private investors.

The rise in daily Covid-19 infections and heightened uncertainty over the impact on the real economy led Cyprus banks to tighten the lending criteria for corporate loans in the fourth quarter of 2021.