Cyprus’ fledgeling film industry, dubbed Olivewood, is slowly getting back on track after the coronavirus outbreak and difficulties faced with the government’s incentive scheme have been overcome.

Interior Minister Nicos Nouris said on Friday the cabinet approved an incentive plan for tourist development in the Paralimni area.

Children will return to schools at the start of the academic year but with face masks, Education Minister Prodromos Prodromou said on Friday after a cabinet meeting where coronavirus protocols were discussed.

The Republic of Cyprus has unveiled its latest measures against the spread of the coronavirus for the remainder of the year, including mandatory masks for students and optional repeat tests for travelers.

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“Traffic will bounce back, it’s a matter of time” predicts Hermes Airports CEO Eleni Kaloyirou. “And growing traffic at Larnaka and Pafos airports is a key element of our strategy,” she told the Cyprus Mail in an interview.

After Cyprus, Greece and Israel, Italy is set to sign the EastMed project agreement which is expected to alter the landscape of gas resources and routes in the eastern Mediterranean.

Cyprus’ Industrial Turnover Index fell by almost 20% in May 2020 compared to May 2019. It was affected by measures to curb the spread of the coronavirus pandemic.

To cope with COVID-19, Nicosia has borrowed more than €3.5 billion this year from international markets through bond issues bought by the European Central Bank and the Central Bank of Cyprus through the public sector asset purchase programs (PSPP) and Extraordinary Pandemic Bond Purchase Program (PEPP).

With schools in Cyprus due to to open on September 7, the Education Ministry in Cyprus is considering a combination of teaching with both physical presence at schools as well as distance learning programmes.