Phase two of the lockdown exit strategy will go ahead as planned on Thursday, with the government also bringing forward the opening of beaches to May 23.

On Monday May 18th 2020, Deputy Minister for Tourism Savvas Perdios reported to Cyprus News Agency (CNA) that he is in serious and constant talks with Cyprus Tourism offshore partners to get a clear picture of the tourism sector by the end of May 2020.

The government will be moving to enshrine distance learning education in law, Education Minister Prodromos Prodromou said Monday.

One new case of coronavirus was announced on Monday by the health ministry, bringing the total number of confirmed cases to 917.

Helllenic Bank has announced a net profit of €108.4m for 2019 and declared its readiness to withstand the current crisis created by the coronavirus pandemic.

Deputy tourism minister Savvas Perdios is holding intensive consultations with tourism partners abroad, aiming to formulate a picture by the end of May of how the island’s tourism industry will work.

With less than a week left until schools fully resume operation on May 21 as part of the second phase of the relaxation of restriction measures, Education Minister Prodromos Prodromou announced Friday that not all students will be returning to classrooms, as per the initial plan.

Italy assured Cyprus on Saturday that it’s energy giant ENI will not leave the island’s exclusive economic zone as long as it has a licence.

DBRS Ratings confirmed Cyprus’ long-term foreign and local currency-issuer rating as BBB (low) on Saturday, downgrading them to stable from positive.

Bank of Cyprus is going ahead with the sale of €144 million worth of unsecured non-performing loans to B2Kapital, it was reported on Friday.