In the coming years Cyprus stands to benefit substantially from funds allocated to defence and security projects via the EU’s Permanent Structured Cooperation (Pesco), MPs heard on Tuesday.

Hollywood actor Julian Sands is in Cyprus until February 24 as he begins shooting for his role in the upcoming horror film The Ghosts of Monday.

The epidemiological data in Cyprus is at a turning point as regards tourism, Deputy Tourism Minister Savvas Perdios has said.

Despite the Covid-19 doomsday scenarios, the Cyprus economy shrunk -5.1% GDP, less than any estimate made by the government or European Union monetary bodies, Finance Minister Constantinos Petrides said Tuesday.

A total of 9,096 appointment slots will become available on the vaccination portal for those aged 74 and over at 9am on Wednesday, the Health Ministry announced.

Cyprus Minister of Finance Constantinos Petrides told the Cyprus News Agency that the government will begin reducing public debt, increased due to strategic cash reserves, once the pandemic begins to normalise.

Invest Cyprus, as the governmental authority dedicated to attracting and facilitating foreign direct investments in Cyprus, has introduced an one-stop shop for  investors to support the creation of a broad and attractive “Project Bank” inclusive of high value investment projects that align with key government strategies in sectors such as healthcare, tourism & hospitality, renewable energy and other commercial projects.

The House finance committee on Monday discussed two bills extending tax breaks to landlords who rent to businesses stricken by the coronavirus crisis, which aim at convincing them to voluntarily reduce their charges inside the first half of the year.

The deal signed between Israel and Cyprus on Sunday to allow Israelis and Cypriots who have been inoculated against Covid-19 to travel between the two countries without having to quarantine is “a big achievement”.

Some 40% of Cyprus’ 900,000 population has undergone a rapid coronavirus test since the beginning of February, according to the health ministry.