Cyprus has seen its public debt increase sharply in 2020, and even more in 2021, but the plan to service the debt is working.

The International Monetary Fund’s projected growth recovery this year in main tourist markets of Cyprus following a severe collapse in 2020 paves the way for cautious optimism, Philenews reports.

The coronavirus brought a year of fear, anxiety and lockdown yet Cyprus managed to rise by 10 places in the annual 2021 World Happiness Report produced by the U.N Sustainable Development Solutions Network.

Some 38,000 Britons legally reside in Cyprus post December 31, 2020 when Brexit transition ended, according to official statistics released on January 2021.

International tour operators appear to be optimistic over the coronavirus-stricken tourism sector’s prospects to start recovering this summer, with Cyprus pledging to facilitate them as much as it can.

EasyJet CEO Johan Lundgren said in comments published on Friday in the British press that Greece and Cyprus were expected to be among countries to enter a so-called Green List of the British Ministry of Transport as of May 17.

The Legal 500’s Hall of Fame recognizes our Senior and Managing Partner, Stavros Pavlou, as “one of the 2-3 best and most bright Cypriot litigators” and “a true master of strategic thinking” in the Dispute Resolution area. He is recommended “without any reservation” for being “a prominent arbitrator locally and internationally” and for finding a way to cut through complexity. He is further a leading individual in Tax and an expert international tax advisor and trust practitioner, while he is also highly recommended as an expert in Corporate, Commercial and M&A, Banking and Finance and Real Estate & Construction.

Cyprus winemakers are to benefit from an incentives scheme to encourage investments as well as a promotional campaign here and abroad to boost sales.

The economy has solid ground on which to recover, according to a report by the University of Cyprus Economic Research Centre.

The ministries of transport and health and the deputy ministries of shipping and tourism, are in consultation for the preparation of the necessary health protocols given that the port of Limassol will be the starting point of cruises and also the fact that Cyprus is included as a destination for other cruise ships.