Total new bank loans in April declined compared with the previous month, mainly due to the reduction in demand for new corporate loans while new consumer credit increased.

Plans are already underway to create a distinctive Japanese cherry blossom park in the Nicosia mountain village of Campos, where cherries are grown.

May 2021 was the month recording a higher passenger traffic in both of the island’s international airports than all of the year’s four previous months put together.

The Republic of Cyprus began on Tuesday issuing a temporary Covid-19 vaccination certificate to citizens who wish to travel abroad in June, with the document valid until the new European Digital Covid Certificate is scheduled to be introduced on July 1.

Germany and four other countries were moved from the Red to the Orange category on Monday as the health ministry updated its country categorisation travel list.

The child mortality rate in Cyprus was the sixth lowest in the EU in 2019 and below the average for the bloc, according to figures published by Eurostat.

Cyprus has vaccinated almost 55% of the adult population with a Covid-19 jab taking it closer to reaching herd immunity to control the pandemic.

The G7 agreement on corporate minimum taxation does not appear to affect Cyprus, which plans to hold a constructive stance during discussions but at the same time secure its interests, Finance Minister Constantinos Petrides said on Monday.

The Cyprus Stock Exchange is moving ahead with its privatisation plans, aiming to fulfil its role for the further development of local companies and attract foreign investments.

The iconic Limassol Del Mar, the €400 million landmark development in the coastal town, is almost ready with Phase I completed in the next few months and work on Phase II finalised by the summer.