Lodging businesses in the Republic of Cyprus have until Friday to apply for a state subsidy that would partially fund hotel stays for vacationers who got the vaccine or the state has a record of their recovery from COVID.

Cyprus downgraded the United Kingdom to red and upgraded Denmark, Belgium, Monaco, Vatican City and Jordan to the Green category as part of its updated national country assessment for travel to be in force on July 8, the health ministry said on Monday.

"Our vision is to create a sustainable growth environment that is driven by research, innovation, and technological advancement. This means creating a new incentives framework for science and technology companies. And this framework consists of four pillars:

Minister of Energy, Commerce and Industry Natasa Pilides has pledged that the government’s aim is to further enhance Limassol’s growth and to facilitate developments that will push the city to reach its full potential in all areas.

Although the coronavirus pandemic has slowed down Cyprus’ economy which is highly dependent on tourism, the Mediterranean island did attract formidable foreign investment over the past 15 months.

The expected average duration of working life for 15-year-olds in Cyprus is 37.1 years, which is higher than the European Union’s 35.7.

Cyprus has the second highest availability of computer tomography (CT) scanners and magnetic resonance imaging (MRI) units in hospitals relative to the number of inhabitants among the EU27, according to 2019 figures published by Eurostat on Friday.

The President’s Cabinet in the Republic of Cyprus decided on Friday to subsidize summer vacations for citizens who are vaccinated, following the approval of a number of incentives and counterincentives aimed to boost vaccination rates on the island as daily cases now exceed 500.

Along with the boom in online spend, customer expectations have changed and retailers have had to bolster their online offering to meet demand.

A.G. Paphitis & Co. LLC is proud to announce that it is celebrating its 15-year anniversary of law practice in Cyprus. Throughout these 15 years, as a firm we have accumulated vast experience and expertise in various facets of the legal sector and always ensured to maintain our sole goal of representing both our individual and corporate clients to the best of our abilities.