New business loans in Cyprus recorded a 25.4% drop in July from June while consumer loans and home mortgages increased, according to Central Bank data.

PEPPER has successfully completed its non-performing loan (NPL) servicing contract for the Bank of Cyprus plc, having outperformed market expectations.

Armonia Estates Ltd, a member of the Leptos Group of Companies, was awarded first place among the ten best contractors by the Cyprus Recycling Organisation (OAK) in recognition for the company’s efforts to improving the quality of the human and natural environment.  The company received the “Class A” Gold Environmental Award for using its resources in sustainable and ecological ways.

The government of the Republic of Cyprus says Chevron and Noble Energy have reaffirmed the importance that the two companies attribute to the development of Aphrodite gas field.

The Cyprus health ministry on Tuesday downgraded Hungary, Slovakia, Slovenia and Lichtenstein to category B in its three-tier risk-based travel classification system, while Rwanda and Monaco were bumped down to category C.

The autumn and winter seasons are expected to see increased numbers of coronavirus cases, member of the government’s coronavirus advisory committee, Professor Constantinos Tsioutis, said Tuesday, noting that both the Cyprus health system and public is ready to face a new surge.

Washington has announced a partial lifting of a decades-old arms embargo to the Republic of Cyprus, with Turkey saying the decision ignores equality and balance between the two sides on the divided island.

The Water Board of Nicosia in collaboration with the capital’s municipality and Cyprus Telecommunications Authority will be installing up-to-date smart meters for tracking water consumption within 2021.

The seasonally-adjusted unemployment rate in the euro area was 7.9% in July 2020, up from 7.7% in June 2020, and EU unemployment rate was 7.2% in July 2020, up from 7.1% in June 2020, according to figures published by Eurostat today.

Companies licensed to operate in Cyprus’ exclusive economic zone have not made further changes to their drilling schedules in relation to the coronavirus situation, Energy Minister Natasa Pilides said on Tuesday.