The Harmonised Index of Consumer Prices (HICP) rose by an annual 4.4% in October, following an upward trajectory for the eighth consecutive month triggered mainly by energy prices.

At the recently held Roundtable with the Government of Cyprus: Foreign Investors Discuss with the Government of Cyprus the Strategy for Attracting Business and Talent to the Island, the President of the Republic of Cyprus, along with the Minister of Finance, the Minister of Interior, the Minister of Energy, Commerce and Industry, and the Deputy Minister of Research, Innovation and Digital Policy have presented the Government’s strategy in encouraging companies to incorporate, relocate, and build on their economic activities in Cyprus. The strategy presented forms part of the Action Plan for Companies to Operate & Expand their Activities in Cyprus 2022-24.

The Bank of Cyprus announced on Monday that it had successfully completed the sale of a non-performing loans (NPLs) portfolio with a gross book value of €577 million, bringing its NPL ratio down to 8.6%.

Cyprus ranked 21st among 27 EU Member States in the 2021 edition of the Digital Economy and Society Index (DESI).

The deputy ministry for tourism’s budget for 2022 focuses on six main areas, deputy minister Savvas Perdios said while presenting his ministry’s budget to the House finance committee on Monday.

The procedure for the administration of a booster dose for individuals aged 40 years and over starts as of November 17, provided that a period of six months has elapsed since the completion of their vaccination scheme (namely the administration of a second dose in the case of Pfizer/BioNTech, Moderna and AstraZeneca vaccines or Johnson & Johnson’s single-dose vaccine).

Cypriots worked harder in the second quarter of 2021, as, on average, employees put in 5.8% extra hours at their job compared to the previous three months.

The extent of new projects in the pipeline for the agriculture ministry under the Recovery and Resilience Plan (RRP) are second only to those of the transport ministry, and all will be governed by the principles of the EU Green Deal Agriculture Minister Costas Kadis said on Friday.

The Cyprus Employers and Industries Federation (OEB) has released the results of a study revealing the true labour needs of Cypriot businesses.

The recovery of the Cypriot economy remains on an upward trajectory, with most indicators boding well for future growth, according to a report by the University of Cyprus Economic Research Centre.