Seven categories of self-employed persons whose jobs have been affected by the coronavirus pandemic will now be able to apply for a special subsidy.

Cyprus maintains lead position among European Investment Bank (EIB) shareholder countries in 2020 with agreements for projects worth 1.5% of GDP, Finance Minister Constantinos Petrides said.

Coronavirus fear has forced many to cancel tourism plans this summer but those who dared come over to Cyprus after the reopening of airports were mainly from Greece, Germany, Poland, Switzerland, Denmark and Austria, Philenews reports.

British tour and flight operator TUI is resuming flights to Cyprus with 11 flights arriving just this weekend.

Standard & Poor’s latest credit rating for Cyprus is a confirmation of the rational management of the economy and public finances by the Government despite the negative consequences of the Covid-19 pandemic.

Incentives, in the form of government grants, of the order of €700,000 will be offered to entrepreneurs who wish to operate or transfer their business activities to areas within the walls of Nicosia.

Cyprus is to get €479,070,000 from the European Union to tackle unemployment during the coronavirus pandemic, the finance ministry said on Friday.

Cyprus pharmaceuticals are probably the country’s biggest kept secret as the industry was responsible for almost a third of all exports in the first five months of 2020 while increasing year-on-year.

The Cyprus Parliament on Friday amended the constitution to allow for a slashing of the time in which appeals can be filed against decisions of the asylum service from 75 days to 15 days.

Hiring the right candidate is a time-consuming and challenging task that significantly affects the productivity of the company. Fifty-two percent of talent acquisition leaders said that “the most difficult part of recruitment was identifying the right candidates from a large applicant pool.” Therefore, finding a way to quickly and effectively narrow down the pool of applicants will not only free up time, but it will also relieve some of the stress and difficulty for hiring managers.