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.

President of Cyprus Nicos Anastasiades is satisfied with the timetable as regards the opening of the competitive electricity market, set to operate in the fall of 2022, according to a written statement by Deputy Government Spokesperson Niovi Parisinou, following a meeting the President had Monday with Energy Minister, Εnergy System Operator Head, Cyprus Energy Regulatory Authority (CERA) Board and other officials.

After calls to simplify COVID travel rules within the EU, EU Ministers meeting at the General Affairs Council in Brussels agreed on Tuesday that the three main criteria for travel within the EU will be vaccination status, covid test results or recovery certificates.  Freedom of movement within the EU will no longer be regulated by your country of origin.