Fund managers in Cyprus can take advantage of the many benefits that outsourcing back and middle office administration functions provides. By transferring these operations to a trusted, proven provider, funds can gain a host of important competitive advantages that enable them to focus on what they do best: growing investment returns for their clients. There are, however, important points to clarify as part of a fund’s outsourcing provider benchmarking process.

The Cyprus government has spent half a billion euros to safeguard jobs and boost liquidity amid the crisis sparked by the coronavirus outbreak, Minister of Labour Zeta Emilianidou has said, adding that the government is considering incentive schemes for companies that hire jobless persons.

House President Demetris Syllouris met on Tuesday with ministers and academia representatives to discuss the establishment of an agency to promote the tertiary education sector both in Cyprus and abroad.

The Republic of Cyprus is moving forward with opening a public bid for the country’s 5G network, with permits expected to be approved before the year is out.

Health authorities said on Tuesday they were ramping up screening at airports in a bid to catch infected people early as flights to the island increase.

The health ministry said Monday it was extending its screening programme for workers in venues that opened recently as part of the government decision to ease restrictions until August 12 because of lack of response.

Wizz Air Abu Dhabi, the newest national airline of the United Arab Emirates, announced Monday a highly anticipated new route to Larnaca starting on 3 October.

The Health Ministry on Tuesday issued a revised list of countries regarding their epidemiological risk as regards coronavirus for travel purposes, moving Serbia from Group B to Group C and Australia from Group A to Group B.

A Hyatt affiliate has entered into a management agreement with Anolia Holdings Limited for the first Hyatt hotel in Cyprus, Grand Hyatt Limassol.

The Transport Ministry said on Monday that the completion of the Travel Card (CyprusFlightPass) is mandatory for all passengers intending to travel to Cyprus and those who fail to present it will have two options: pay a €300 out-of-court fine or return to the country of their departure.