After discussions with the Ministry Finance, the Cyprus Energy Regulatory Authority (CERA) and the Cyprus Electricity Authority (EAC), the Minister of Energy, Trade and Industry, Ms. Natasa Pileidou, today announced a series of measures designed to ease the skyrocketing costs of electricity in households and business.

Tourist arrivals increased by 208.7% in August 2021, compared to last August, when strict restrictive measures against Covid - 19 were implemented,.  But this was a decrease of 41.9% compared to pre-pandemic levels, of August 2019.

Cyprus ranks fifth among EU countries in the progress achieved regarding research and innovation, Theodoros Loukaidis, Director General of the Research and Innovation Foundation (RIF) told CNA.

Nearly 2,800 people have been vaccinated by Friday with the third booster dose of the COVID-19 vaccine, according to the ministry of health.

The annual inflation rate in Cyprus rose to 3.3% in August – slightly above the euro area and EU averages, according to data released on Friday by Eurostat.

The number of job vacancies in the second quarter of 2021 has jumped 77.3% as the market starts recovering from lockdown restrictions imposed to contain coronavirus.

With only a few months before it opens its doors, the CYCLOPS (Cyprus Centre for Land, Open Seas and Port Security) currently under construction in Larnaca, aims to become a regional, Cypriot project which will provide education and know-how to EU, third countries as well as Eastern Mediterranean partners.

The new chair of the markets watchdog has pledged to continue to protect the interest of investors while helping the sector grow and adapt to new challenges, primarily in financial technologies.

Cyprus’ largest mall, the Metropolis in Larnaca, costing €85 million to build, opened its doors on Thursday following delays due to the coronavirus pandemic.

A South Korean filmmaker has chosen Cyprus as one of the locations for its latest production.