The cabinet has approved a €5m scheme to subsidise the replacement of energy consuming home appliances by vulnerable groups.

The Ministry of Transport, Communications and Works announces that from next Monday, December 6, 2021, the Plan for Withdrawal of Polluting Vehicles and Incentives for Alternative, Zero or Low Emissions of Vehicle Types will be implemented.

On 26 June 2021 the new prudential framework for investment firms in the EU (including for Cyprus Investment Firms (CIFs)) has entered into force.

Cyprus reported the highest share of dangerous goods being transported by road in both 2019 and 2020, according to figures issued by Eurostat on Wednesday.

The Council of Ministers approved on Wednesday the licensing of block 5 of the Cyprus EEZ to the of ExxonMobil Exploration and Production Cyprus Limited and Qatar Petroleum International Upstream LLC consortium.

Inflation in Cyprus kept rising to 4.3% in November due to the sharp increase in the price of electricity and petroleum products.

Minister of Health, Michalis Hadjipantelas, held a news conference at noon to announce stricter measures in order to reduce the growing number of coronavirus cases recorded on a daily basis in Cyprus.

Even as the world moves at breakneck speed toward digital adoption – compounded by national lockdowns – the EY study, Decoding the digital home, reveals that brick-and-mortar retail remains a crucial element of the customer journey for digital home users. Thirty-nine percent of survey respondents would prefer to visit a retail store when purchasing a mobile device or package, rising to 41% when purchasing a smart home device.

Bank of Cyprus is on track to return to steady profits after it announced a third-quarter after-tax profit of €19 mln and a significant reduction in its non-performing loans.