Cyprus’ path to recovery “must and will” be aligned to sustainable development goals` Finance Minister Constantinos Petrides has said.

A decree by the Cypriot government dictating that all businesses give their employees additional annual leave for vaccinations increases costs for businesses, but many are willing to accept these expenses if they lead to an end to the pandemic crisis.

The Cypriot economy is projected to record strong GDP growth over the next two years after a pandemic-induced 2020 contraction.

Cyprus expects a substantial number of fully-vaccinated British visitors before the month’s end now that the UK kept the Mediterranean island on its amber list even tough new covid-19 cases are on the rise in recent days.

“Today, the Cyprus Securities and Exchange Commission (CySEC) oversees 790 entities and 9 trillion transactions by Cyprus Investment Firms, placing it among the first markets in Europe in 2020,” noted CySEC Chairwoman Demetra Kalogerou. “This is an expansion of more than 200% since 2011 and we have 100 applications for licences awaiting approval decisions.”

The ECB’s Strategy Review will allow for the continuation of support of the Eurozone economies, said Central Bank of Cyprus (CBC) governor Constantinos Herodotou.

Venus Minerals said its ongoing drilling programme in Troodos had confirmed the discovery of gold as a significant component of its deposit in Kokkinoyia.

Bus and taxi drivers must be vaccinated or have a 72-hour negative test to work, Transport Minister Yiannis Karousos said in new guidelines for the public transport sector issued on Wednesday.

The Cabinet will have a lot on its plate during a meeting rescheduled for Friday amid deteriorating epidemiological conditions in Cyprus, with a number of loopholes in the government’s fight against the pandemic popping up one after the other.

Disruption caused by the COVID-19 pandemic and the resulting geopolitical and macroeconomic uncertainties are providing an opportunity for leading finance executives to rethink the role of their function and how corporate reporting can be structured and delivered. This is according to the sixth annual EY Financial Accounting Advisory Services (FAAS) survey, How can corporate reporting connect your business to its true value?