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.

EY Cyprus was named Transfer Pricing Firm of the Year for the second consecutive year by ITR in recognition of the high-quality tax services offered. The ITR European Tax Awards take place annually aiming to recognise distinguished tax service providers from the Europe, Middle East and Africa (EMEA) region. The Transfer Pricing Firm of the Year award has been available for Cyprus since 2019 and EY Cyprus has been awarded with this recognition from the first year.

Experts are evaluating a list of 20 countries compiled by the deputy tourism ministry as potential markets this summer in view of a cabinet meeting tomorrow that will decide when to open the airports and under what conditions.

In 2019, nearly 764,000 km2 of EU’s 27 Member States’ land area was designated for the preservation of biodiversity as Natura 2000 sites, proposed under the Habitats Directive and the Birds Directive (known as “the Nature Directives”). This represents almost a fifth (18%) of the EU total land area, according to Eurostat data published on Thursday on the occasion of the Natura 2000 Day (May 21) and the International Day for Biological Diversity (May 22).

One new case of Covid-19 was announced on Thursday, bringing the total ever detected in the Republic to 923.

Cyprus is the first country in the eurozone to announce that it plans to make use of the cheap, long-term credit lines that will be made available by the Pandemic Crisis Support fund of the European Stability Mechanism (ESM).