Cyprus and Israel have long-standing political, economic, and social relations. Over the past decade, commercial and tourism ties have also become more substantial, with many Israeli companies investing in Cyprus. At the same time, many Israelis choose Cyprus for residency, acquiring houses or apartments, taking advantage of the safety the country offers and the proximity to their motherland.

The Cyprus government has appealed to Brussels to be allowed to step in and support the island’s farmers who are struggling with skyrocketing prices of animal feed in the aftermath of the war in Ukraine, said Agriculture Minister Costas Kadis.

RCB Bank Ltd on Tuesday announced that it has entered into an agreement with Hellenic Bank Public Company Ltd for the sale of a performing loan portfolio of up to €556 million.

Cabinet on Tuesday approved the administration of a Covid booster jab to children aged 12 and over and the rollout of a fourth vaccine dose to those aged 70 and over and the immunocompromised.

Paphos remains an attractive destination for British tourists despite the increase in the costs of goods and services around the world, as a UK survey rates the town as the fifth best value holiday destination for British travellers.

More than 2,500 building permits have been issued under the new, fast-track procedure since it was implemented in October 2021, Interior Minister Nicos Nouris said on Saturday addressing the 29th General Assembly of the Cyprus Association of Civil Engineers.

The Research and Innovation Foundation (Idek) on Thursday announced a new funding programme called Collaborative Development – Co-Develop, seeking to bring together Cyprus’ research community with local industry.

The government will formally seek approval from the European Commission later this year to transform the successor entity to the failed co-op bank into an asset management company.

Following a decision of the Council of Ministers, as of February 21, 2022 the new Action Plan for the smooth operation of flights and the operation of airports entered into force. The Epidemiological Monitoring Unit of the Ministry of Health has made a re-evaluation of the epidemiological situation in various countries as regards COVID-19.

The government will be sticking to its ten-year action plan to support the island’s mountain communities, pumping in some €525 million through 350 activities by the end of 2030, President Nicos Anastasiades pledged on Monday.