The Transport Ministry will spend €116 million on development projects in 2021, up €25 million from 2020, including the Cyprus museum, new roads, and the Nicosia orbital motorway.

European Bank for Reconstruction and Development (EBRD) remains shareholder to the Bank of Cyprus after the end of its mandate to Cyprus, the EBRD Head of Cyprus and Greece Andreea Moraru said in an interview with the Cyprus News Agency.

Health experts are mulling over maintaining current restriction measures or making them even stricter, while the holiday period lenience that was initially announced could be scrapped if daily new cases remain at the current level.

The development of Larnaca port and marina will exceed €1 billion and is expected to fetch additional revenue of €120 million per year, President Nicos Anastasiades said on Friday during the project’s signing ceremony.

As of Monday scientists and officials of the Health Ministry will once again evaluate all data regarding Cyprus’s epidemiological image to advise the government of next moves.

Cash was the most used payment instrument at the euro area country level with the highest proportions in Malta (88%), Spain and Cyprus (83% each), according to a European Central Bank study.

Almost half of the total coronavirus fatalities recorded in the Republic of Cyprus since the outbreak of the pandemic occurred in November alone, a new analysis on the Republic’s coronavirus death toll showed Friday.

With the auction for 5G broadband in Cyprus starting on December 17, the four bidding electronic communication networks are on high alert, Philenews reported on Thursday.

Inflation rate in Cyprus remained in negative territory for the eighth consecutive month in November with the Consumer Price Index (CPI) declining by an annual 0.6%.

Cyprus Airways has added Moscow and St. Petersburg to its flight network for winter 2020-21 after Russia lifted an embargo on the airline carrying passengers.