The Residential Property Price Index recorded a recovery in the first quarter of 2021 after two consecutive quarters of falling prices, according to the RPPI compiled by the Cyprus Central Bank (CBC).

The Cabinet that convened Wednesday, amended the Action Plan for the operation of airports to include the EU Digital COVID Certificate (EUDCC) which will be issued by the EU Member States, as well as by the countries of the European Economic Area and by the Switzerland.

The European Innovation Scoreboard made public earlier this week testifies to the progress Cyprus has made in innovation, the Republic’s chief scientist Dr Nicolas Mastroyiannopoulos said on Wednesday after a meeting with a Disy delegation.

Cyprus is relatively cheaper than most EU countries with the exclusion of consumer prices in food, communication and furniture, according to an updated Eurostat data  released on Wednesday.

About one in three or 33.4% of working Cypriots received support from special schemes to deal with the coronavirus pandemic, the second highest rate in the EU 27 and nearly double the EU 27 average of 1.5%, Labour Minister Zeta Emilianidou said on Wednesday.

Cyprus’ Finance Minister Constantinos Petrides said on Wednesday the government is considering tax incentives to encourage companies to enter the Cyprus Stock Exchange (CSE), adding that the CSE’s strategic planning provides for privatising the Cypriot stock market by the end of 2022.

As Covid-19 infections are increasing in Cyprus, authorities on Thursday warned the island might be experiencing yet another wave – this time of the Delta variant which originated in India.

In a move to promote cultural and rural tourism, the deputy ministry of tourism on Thursday announced 570 free traditional handicraft and enogastronomy workshops to take place over the weekends until the end of the year.

According to the travel rating website Trip Advisor, Cyprus beaches rank among the best in Europe, with Protaras and Ayia Napa voted among the best 25 locations.

The Convention between the Republic of Cyprus and the Kingdom of the Netherlands for the Elimination of Double Taxation with Respect to Taxes on Income and the Prevention of Tax Evasion and Avoidance (known as the Double Tax Treaty (DTT) between Cyprus and the Netherlands) was signed on 1 June and published in the Official Gazette of the Republic of Cyprus on 4 June 2021.