Cyprus banking sector capital levels reached a historic high in 2019, placing Cypriot banks on a better footing to face the financial havoc wreaked by the coronavirus outbreak.

Following marathon talks in Brussels since Friday morning that lasted four days, 27 European Union (EU) governments have reached a breakthrough agreement over the new fiscal stimulus.

Despite the overall growth in cyberattacks, only one-third of organizations say the cybersecurity function is involved at the planning stage of a new business initiative, according to the EY Global Information Security Survey (GISS).

Estimates for tourism arrivals have been slashed by 50% as the deputy tourism ministry now expects only 100,000 arrivals in August – just 18 per cent of last year’s figure.

In 2017, diseases of the circulatory system were the main cause of deaths in all EU Member States, except in Denmark, Ireland, France and the Netherlands where it was cancer.

Cyprus has placed its order for some 1.2 million of the COVID-19 vaccine Oxford University is working on with pharmaceutical firm AstraZeneca, through the European Union, the Health Ministry said Tuesday.

European Union leaders reached a deal on a massive stimulus plan for their coronavirus-blighted economies at a pre-dawn meeting on Tuesday after a fractious summit that went through the night and into its fifth day.

The energy ministry said on Monday the buyout of Noble Energy, the concession holder for Cyprus’ Aphrodite field, by Chevron, which was announced on Monday was a development that could affect the island’s drilling plans.

Transport, Communications and Works Minister Yiannis Karousos has given instructions for all new public projects in Cyprus to also include provisions for electric car charging stations, Philenews reported on Tuesday.

Cyprus and Switzerland on Monday signed a protocol amending the Treaty for the avoidance of double taxation in a move both sides said will boost their trade ties while attracting investment.