The latest official data released from the Cyprus Securities and Exchange Commission (“CySEC” or “Commission”) showcase a continuously growing and dynamic Investments Funds sector in the island. Specifically, according to the statistics published by the regulator, in H1 2021, the Assets under Management (AuM) of Collective Investments reached €10.7 billion, a record high which translates into a 9% quarterly increase compared to the previous quarter.

The Cyprus Securities and Exchange Commission (‘CySEC’), has published a new Circular, informing the Alternative Investment Fund Managers (AIFMs), that the European Securities and Markets Authority (‘ESMA’), issued on June 22, 2021, the official translations in all European Union official languages (including translation in the Greek language), of its Guidelines (‘the Guidelines’), on Article 25 of Directive 2011/61/EU (‘the Directive’) with reference number ESMA34-32-701 EN.

Airport operator Hermes has redesigned the commercial space at the departure area in Larnaca airport with projects worth €20 million, it said on Monday.

Cyprus has moved from the recovery to the growth phase as the COVID-19 pandemic subsides, Minister of Finance Constantinos Petrides has said, highlighting the need for the implementation of reforms that would boost the economy’s sustainable growth prospects.

Cyprus Health Ministry on Monday announced a new categorization of countries based on their epidemiological data, to come into effect Thursday, October 7. Seven countries change category.

Half of registered employees in Cyprus today get a monthly salary of up to €1,500 while 25.7% of them get a gross salary of €1,000, according to the island’s Statistical Service.

Health authorities are organising a mass COVID-19 vaccination event in Limassol on Sunday, for people eligible for a booster shot and those unvaccinated who would like to get their first jab.

EY has proudly sponsored the 17thCFO Management Forum and 5thCFO Awards, which were held on Tuesday, September 28that the Nicosia Hilton. The forum, organised by IMH, was attended by more than 200 chief financial officers and other key executives from companies of all sizes and sectors operating in Cyprus, as well as government representatives and officials.

Central Bank of Cyprus governor Constantinos Herodotou has sent a letter to banks and credit acquisition companies regarding short term loan restructurings and fee transparency, calling on their CEOs to assist in the conclusion of viable loan restructuring.

“World Maritime Day is a chance to show our appreciation to the unseen heroes who contribute to the ceaseless operation of world trade,” Cyprus Shipping Deputy Minister Vassilios Demetriades said on Thursday.