Total government expenditure in Cyprus in 2019 amounted to 40% of gross domestic product with most of it going towards ‘social protection’ just like in all other EU countries.

Cyprus hopes to attract direct investment after tweaking a Double Taxation Avoidance treaty with Germany, making it harder for foreign firms to set up shell companies on the island.

The health ministry on Saturday announced the updated list of countries under the traffic-light system in view of the reopening of airports on March 1.

Covid-19 vaccinations reached 76.176 as of February 26, the health ministry announced on Saturday.

More students were going back to school on Monday as Cyprus entered the second phase of a gradual relaxation of pandemic measures, with officials closely monitoring the situation to avoid a major setback.

The new housing support scheme for rural areas presented by the Cyprus Land Development Corporation (Koag) in collaboration with the ministry of interior will generate entrepreneurship and strengthen the economy, Interior Minister Nicos Nouris said on Thursday.

Total loans in January 2021 recorded a net increase of €2.8 million, compared with a net increase of €583.7 million in December 2020, according to data released Thursday by the Central Bank of Cyprus.

Commenting on reports that Israelis are expressing interest in passing Passover in Cyprus, Health Minister Constantinos Ioannou said that the agreement reached with Israel is valid as of April 1.

Things are looking up for embattled Cyprus tourism as British and Scandinavian tourists are keen on booking a TUI summer holiday on the sun-drenched Mediterranean island.

Cypriot start-up EMBIO Diagnostics is among five winners of the first online Start-up Innovation Challenge by the European Bank for Reconstruction and Development (EBRD) to encourage creative and innovative responses to Covid-19.