Greece’s Eurobank Ergasias announced it had completed the acquisition of 12.6% of Hellenic Bank, Cyprus’ second-largest lender.

Almost 70% of the population of the European Union lived in a privately owned house, while about 30% lived in a rented house in 2020, according to data for 2020 published by Eurostat, the EU statistical office.

The new measures taken by the Cabinet yesterday were focused and aimed at avoiding disruption to society and the economy, but a fresh assessment will take place next week and new arrangements may be in effect, Head of the Scientific Committee on the pandemic Constantinos Tsioutis told the Cyprus News Agency.

On 9 December 2021, the Cyprus Parliament approved the expansion of the definition of corporate tax residency for Cyprus companies to additionally include the incorporation test.

Flights to and from Cypriot airports in Larnaca and Paphos continue to operate normally despite widespread cancellations of international flights that have affected thousands of passengers at many airports around the world, operator Hermes Airports said on Sunday.

The health ministry has reclassified three countries on its list of colour-coded destinations for Covid-19.

A first of its kind study on the levels of antibodies to SARS-CoV-2 among Cypriots who had Covid-19 has been published in the peer-reviewed Journal of Clinical Medicine.

More than 4,000 motorists in Cyprus jumped at the opportunity for a state grant to go full electric, as the first phase of a ‘generous’ incentive scheme went live a week ago, with authorities saying that grants are still available for used electric vehicles for taxi drivers, people with disabilities, mopeds and bicycles.

Sales of petroleum products in Cyprus have taken off, as they recorded an increase of 24.9% in November 2021, compared to the same month in 2020, with 115,658 tonnes of fuels sold, according to data from the island’s Statistical Service.

Loan restructurings in the Cypriot banking system edged close to €2 billion in the first ten months of 2021, marking the highest figure according to Central Bank of Cyprus (CBC) records which began at the end of 2014.