For the first time since the survey’s inception over a decade ago, climate change tops the list of long-term risks for banks, according to the 11th EY and Institute of International Finance (IIF) bank risk management survey, “Resilient banking: capturing opportunities and managing risks over the long term.” The survey of 88 financial institutions across 33 countries provides a window into the changes in risk management seen globally during the past decade, and the major risks anticipated over the next 10 years.

Statement by the Minister of Finance Mr. Konstantinos Petridis on the declining course of unemployment in Cyprus:

The Council of Ministers decided on a restructuring of the framework for managing environmental issues in Cyprus, agriculture minister Costas Kadis said following a meeting on Thursday.

The Cabinet decided on Thursday to administer a third dose of a Covid-19 mRNA vaccine to people over 65, people living in nursing homes, immunocompromised individuals and health professionals, given that a period of 6 months has elapsed since the completion of their vaccination.

Air passenger traffic shows signs of recovery after 18 months of Covid-19 travel restrictions, said Cyprus airports operator Hermes.

The latest edition of the Times Higher Education (THE) World University Rankings, released on 2 September 2021, reaffirms the University of Nicosia’s (UNIC) global standing, ranking it among the Top 601-800 universities in the world. Correspondingly, UNIC ranks among the Top 250 universities in the European Union.

Chartered accountants will be given a role in speeding up investment projects deemed “strategic” by the state, according to a bill still in the public consultation stage.

The interest rate on consumer credit registered a decline to 3.03% in July compared with 3.14% in the previous month, the central bank said on Wednesday.

The annual seasonally adjusted GDP growth rate is estimated at 12.9% for the second quarter of 2021, a huge improvement on the 2.1% shrinkage in the previous three months.

According to the Ministry of Health, 74.2% of the adult population in Cyprus has been fully vaccinated.