The European Commission on Wednesday approved a €22 million loan to Hermes Airports, operator of the  Larnaca and Paphos airports, as an aid after the challenges caused by the ongoing coronavirus pandemic.

The European Commission said Wednesday that Cyprus continues to face excessive macroeconomic imbalances, particularly in view of the country’s very high percentage of non-performing loans that continue to plague the financial sector, but also in light of high private sector, government, and external debt.

The Tax Department in Cyprus has recently released a guide on the amendments to the Assessment and Collection of Taxes Law (L.4/1978) in relation to tax registration and reporting, filing of income tax returns and employer’s returns, capital statements, auditing obligations, tax payments and compliance, card payments and tax lottery.

Cyprus has the second highest proportion of graduates in business, administration and law among EU member states, according to a Eurostat report published on the occasion of the International Day of Students.

The European Commission on Tuesday disbursed €14 billion to nine EU countries, including Cyprus, in the second instalment of financial support to Member States under the SURE instrument.

Scientists from three universities in Cyprus are joining forces for a new research study, which will test the presence of coronavirus  antibodies in three population groups and shed light on a number of unanswered questions about Covid-19.

Cyprus tourist arrivals dipped 76.9% reaching 100,791 in October 2020 from 436,509 in the same month of 2019, due to pandemic travel restrictions, official data showed Tuesday.

The role of the Electricity Authority Cyprus is crucial to both the implementation of the energy reform in Cyprus and the joint effort for sustainable economic development, which must now be interconnected with green energy, energy minister Natasa Pilides said, addressing an online press conference during which the EAC presented its annual report for 2019. 

The taxation system in Cyprus is one of the more beneficial in comparison to other countries, making it an attractive destination to both companies and individuals.

The rural world must and will be supported by the government, agriculture minister Costas Kadis said on Monday after a visit to Protaras and Paralimni which were affected by hail on Sunday.