The European Commission is expected to grant state-owned asset management company Kedipes the necessary approval to operate as a bad bank during the second half of next year, the Cyprus News Agency reported on Thursday.

The Cypriot IT services market exceeded €100 million in total value this decade, reaching €113.16 million in value during the previous year, a rise of 12.8% since 2018, according to a report by market intelligence firm International Data Corporation (IDC).

The government wants to lower the VAT on household electricity bills from 19% to 9% for the next three months, with the Finance Ministry consulting with Brussels on its intention.

The Cypriot economy has proven to be more resilient to the coronavirus crisis than initially expected, DBRS Morningstar says in a commentary.

The arrival of monoclonal antibody therapies in Cyprus is just a matter of time, according to the Deputy Director of Pharmaceutical Services of the Ministry of Health, Dr. Elena Panagiotopoulou.  Adding that the Procurement Department of the Ministry of Health is in direct contact with the manufacturing company.

TUS Airways has included new routes in its program, including direct flights from Larnaca and Paphos airports to Eleftherios Venizelos airport.

A new neonatal ICU is to be created in addition to the full renovation of the existing one, to facilitate the work of medical professionals but also to allow parents to spend more time with their premature babies, Okypy CEO Christis Loizides said on Tuesday.

Following the decision of the Council of Ministers to carry out SafePass checks through the CovScan Cyprus application, the Ministry of Health is reminding the public that the use of the application becomes mandatory from Monday, November 22, onwards.

The digitisation of banking services is ‘not an option, but an urgent need’, the Hellenic Bank CEO Oliver Gatzke said on Monday at The Economist’s annual Cyprus Summit in Nicosia.

Cyprus, along with Greece, Italy and France agreed to cooperate to promote the teaching of ancient Greek and Latin languages, which, they said, are the common cornerstone of European and Mediterranean culture.