Suspended credit facilities at the request of borrowers on May 8 amounted to €1.19 billion from €894 million on April 24, according to data released Monday by the Central Bank of Cyprus (CBC).

Despite the outbreak of the novel coronavirus at the end of February, and the subsequent lockdown, the Bank of Cyprus showed total Income of €145 million, and operating profit of €52 million for the first quarter 2020.

Cyprus hopes to regain lost ground in its tourism sector from July and expects to be able to re-admit British and Russian visitors by then after weeks of lockdown.

Budget airline Ryanair said Tuesday it will start operating flights to and from Cyprus from July 1.

As a result of the coronavirus pandemic, April and May 2021 have become the most popular months for Britons to book a package holiday and Cyprus is top of their list.

Non-performing loans (NPLs) in the Cypriot banking system declined to €8.97 billion at the end of 2019, with the NPL rate amounting to 27.9% of total loans.

President Nicos Anastasiades announced on Wednesday a new set of measures to support tourism, businesses, and the self-employed workers that took a hit in the coronavirus pandemic.

German travel group TUI is planning to resume flights to main holiday destinations in Europe, including Cyprus, by the end of June, its chief executive told a German newspaper.

Cyprus seeks to woo tourists post-coronavirus lockdown by pledging to cover medical costs of visitors who test positive for COVID-19 while enjoying a holiday on the island.

EY announces the launch of a broad suite of workplace tools as part of a framework for organizations and HR teams planning a phased and safe return to physical workplaces for employees. The Physical Return and Work Reimagined framework is designed to strengthen workforce resilience and help see a safe return to physical work environments as countries around the world begin to ease COVID-19 mobility restrictions and seek to resume higher rates of economic activity.