The details of the Cyprus plan for the European Recovery Fund have been revealed at a press conference by Finance Minister Constantinos Petrides on Wednesday.

Cyprus recorded 1.2% annual inflation in April on higher prices in clothing,  footwear and transport, while in the European Union, the rate was 2%.

In a move to accelerate the country’s Covid-19 mass vaccination rollout, health authorities have decided to add two more jab centres to the seven existing ones.

Health Minister Constantinos Ioannou says chances remain that the Indian and South African mutations detected on the island last month may spread into the community, adding that vaccinations were the only way to stop the spread of the “aggressive variants.”

This newsletter article is an update to our earlier article entitled: Empowering Businesses: EU IPO offers funding for SME in trademark and design applications.

Day by day, more and more people are trusting the vaccine against the coronavirus, Health Minister Constantinos Ioannou said on Tuesday, while announcing the completion of the first round of vaccination appointments.

President of the Republic of Cyprus, Nicos Anastasiades, expressed hope and optimism for the new tourist season in Cyprus, taking into account, as he said, the speed of the vaccination program against Covid-19.

Coastal Paphos district aims to be the island’s first covid-free one with its positivity rate ranging between 0.02% and 0.03% over the past few days.

Cyprus’ real GDP declined by an annual 1.6% in the first quarter of 2021 but maintained momentum compared with the fourth quarter of 2020, CyStat said on Tuesday.

Cyprus Commerce Minister Natasa Pilides presented a €30 million New Business Activity Scheme, contributing to the €121 million the ministry has put forward to support entrepreneurship.