European Commission President Ursula von der Leyen flies to Cyprus Wednesday on a two day visit to deliver notes on the government’s recovery and resilience plan submitted two months ago.

While the effects of the catastrophic wildfire in the mountainous regions of Limassol and Larnaca are still being assessed, with the tragic loss of life and damage to private property and natural resources, EY Cyprus expresses its sincere condolences to the families of the victims and its deepest sympathy to all those affected.

Registered unemployed in Cyprus fell by over 4,000, recording an annual drop of 14.3% in June, from 31,158 last year to 26,694, according to the Statistical Service.

The latest decree of the health minister was published Monday, affording coronavirus vaccinees the entitlement to take the entire day off from work on the day they get the jab, without that day counting towards their yearly leave quota.

Known Covid infections continue to rise in the Republic of Cyprus, with the positivity rate standing at 1.80% and health experts warning that vaccinated people should not let their guard down.

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.