Inflation in Cyprus continued to drop in January 2021 according to data released Thursday by the Statistical Service of Cyprus. The Consumer Price Index decreased by 1.06 units to 99.21 units compared to 100.27 units in December 2020. Compared to January 2020, the CPI decreased by 1.6%.

The Tax Department of the Republic of Cyprus has announced that DAC6 (which is the Council Directive (EU) 2018/822 of 25 May 2018 amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements) is expected to be transposed into national law within February 2021.

Paphos has moved forward with plans to transform the town into a smart, digital city by signing a contract for the development of a Geographic Information System (GIS).

Cyprus may target a wider deficit in 2021 than previously expected, but fiscal performance should still be strong relative to regional peers, Fitch Ratings said.

The cabinet on Wednesday decreed that all passengers from category A and B countries arriving in Cyprus must self-isolate for 72 hours and take a PCR test within 72 hours after that.

Within the framework of the strategy for gradual relaxations of COVID measures, the Cabinet decided today the in stages restart of sports and cultural activities.

The Cabinet on Wednesday agreed to allow theatres and cinemas to reopen their doors next Monday, along with department stores, shopping malls, primary public and private schools as well as high school seniors.

Nine more cases of the variant identified in Britain were confirmed Wednesday in the Republic of Cyprus, with officials rushing to impose mandatory self-isolation for air passengers arriving on the island.

There will be no special treatment for people who have been vaccinated against Covid-19, Deputy Minister for Tourism Savvas Perdios said on Tuesday, stressing that the country is open to all who fulfil the entry criteria.

Cyprus’ inclusion in the Schengen Area would help attract foreign investment and bring a significant advantage over competing European countries, the association of large investment projects said on Tuesday.