Hellenic Bank’s new CEO is German national Oliver Gatzke who was the former Chief Financial Officer and member of the management board of HCOB Hamburg Commercial Bank.

The European Union plans to label some gas power plants as sustainable investments, a draft document seen by Reuters showed, after an initial proposal to deny them a green label faced a backlash from some member states.

Vulnerable groups and everyone aged 45 and over should receive their first dose of the Covid-19 vaccine by the first week of May, the health ministry announced on Monday.

The health ministry’s epidemiological surveillance unit has re-evaluated the coronavirus risk-based classification of countries after the Cabinet agreed on an action plan last month for the resumption of flights and the reopening of Cyprus airports.

Cyprus remains first among European countries as regards the testing of its population for Covid and in fifth place in terms of its vaccination rollout.

For the first time, a comprehensive effort is underway to make the island a technology hub. 

Wizz Air is to introduce 122 new routes in spring and summer of this year.

Social protection expenditure of the public and private sector in Cyprus in 2018 amounted to only 18.1% of GDP compared to the EU average of 27.5%.

The European Commission has sent more than half a million rapid test kits to Cyprus in a bid to boost population testing on the island, it emerged on Friday.

Capital Intelligence Ratings (CI Ratings or CI) announced Friday that it has affirmed the Republic of Cyprus’ Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) at ‘BB+’ and ‘B’, respectively. At the same time, the Outlook for the ratings was affirmed as Stable.