As part of the strategy to create faster, more flexible and efficient banking services, the Governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou, has taken a new initiative to find a solution to speed up the process of collecting, identifying and updating data for customers through digitization (client digital onboarding & reviewing), with the voluntary participation of banking institutions based in Cyprus.

The energy ministry announced on Monday it has launched its subsidy scheme for the replacement by vulnerable groups of old home appliances with energy efficient ones.

The cabinet on Monday approved cuts in VAT on household power bills as part of its policy to tackle the fallout from the rise in the price of electricity.

The transport ministry on Monday called for tenders for the provision of 32 electric vans to be used by state services as part of its efforts to promote clean energy and lower carbon emissions.

Israel welcomes Cyprus' efforts to reinstate the Cyprus-Greece maritime passenger link and the possibility of extending the connection to Israel.

Sustainable Architecture, seeks to minimize the negative environmental impact of buildings, by efficiency and moderation in the use of materials, energy, development space and the ecosystem at large.

Banks need to rethink their business model to be able to better compete with financial technology (fintech) companies, Central Bank of Cyprus governor Constantinos Herodotou said at the Banking Forum and Fintech EXPO event in Nicosia.

Cyprus is now one of the most attractive university destinations because it has universities that offer a high level of academic quality and a complete student experience, according to the latest results of university rankings by the Times Higher Education organization.  The list includes three Cypriot universities which were ranked among the best schools in the world.

Cyprus has become the latest country where the highly infectious Omicron, the new COVID-19 variant, has been detected.

US giant ExxonMobil and Qatar Energy Friday signed an exploration and production-sharing contract for oil and gas in Cyprus’ Exclusive Economic Zone (EEZ) despite Turkey’s opposition to the deal.