Moody’s anticipates the spike in Cyprus public debt will be transitory and will return to a sustained downward path after the coronavirus crisis wanes, Moody’s rating agency said in its report, noting however that it would consider upgrading Cyprus credit rating following reduction in banking sector risks.

A decision to include the United Kingdom in the list of countries from which travel to Cyprus is allowed, is likely to be taken in August, one of the experts advising the government on the coronavirus outbreak told CNA on Wednesday.

Cyprus Public Transport (CPT), which now runs the Nicosia and Larnaca bus routes, officially announced on Wednesday the launch of their service from July 5.

Wizz Air inaugurated on Wednesday its 28th base at Larnaca airport while a third aircraft is expected to start flights from Cyprus in August.

Cyprus Ministers and MPs put their heads together on Wednesday to find ways of dealing with the UK’s decision to end home fee status for EU students from the 2021-22 academic year.

In the recent Appellate case VTB -V- TARUTA, the Appellate Court upheld a decision of a 1st Instant Court, pursuant to which a direct application filed by a holder of a Russian Judgment for its enforcement under the Bilateral Treaty between Cyprus and Russia and ex parte injunctions obtained in the context of such enforcement proceedings, had been summarily dismissed, due to lack of jurisdiction of Cypriot Courts, as per Article 27 of the Bilateral Treaty.

The United Kingdom should be added to Group B countries from which a PCR test certificate needs to be submitted, member of the team of experts advising the government on Covid-19 Petros Karayiannis has told CNA, noting that for the time being there are hurdles to adding the country to the list due to surges in cases there as well as local lockdowns.

While in different times April marked the beginning of the summer season, this year it was pushed back by three months as the coronavirus pandemic has destabilised the tourism sector in Cyprus as well as globally, Demetra Landou of Phileleftheros writes.

Cyprus has not processed any passport applications of a foreign investor since January, after freezing procedures pending the approval of tougher criteria regulating the Citizenship for Investment Scheme.

The general government deficit – the balance of income and expenditure – at the end of May came to €528.8 million (or 2.6% of GDP) as a result of the steep decline in tax revenue during the coronavirus-related lockdown.