The impact of the coronavirus outbreak has affected both financial markets and consumer behaviour as never before. A major transformation in customer experience in 2020 and beyond is defining the new global market landscape.

The Association of Cyprus Travel agents (Acta) appeared optimistic on Wednesday that tourism could pick up in the autumn when most countries would have eased measures against the spread of the coronavirus.

Two new cases and one more death from coronavirus were announced on Wednesday evening by the health ministry. This brings the total number of cases to 905.

Coronavirus-affected economies across Europe could contract on average by 3.5% this year with a rebound of 4.8% possible in 2021, according to a European Bank for Reconstruction and Development report.

Cyprus' Deputy Tourism Minister Savvas Perdios said on Wednesday that 55% of the actions planned for 2020 in the sector of tourism has been completed.

The two new studies entitled "Restart Cyprus" and "COVID-19: Impact of the pandemic on the Cyprus Economy" were released today

Cabinet has approved €1 million in compensation for Cyprus Airways for losses sustained because Turkey prohibits Cyprus-registered airplanes from using its airspace, thereby making flights longer and more expensive.

Two new coronavirus cases and one more death were announced by the health ministry on Tuesday, bringing the total number of cases to 903.

In 2018, 26.6% of people in Cyprus lived in flats — below the EU 27 average of 46%, according to figures published by Eurostat on Wednesday.

EY Cyprus held a webcast on Tuesday, May 12th, titled Beyond COVID-19: Business Transformation Accelerated, which was attended by executives from over 100 businesses based in Cyprus. The webcast addressed the need for organisations to accelerate Business Transformation, as a result of the COVID-19 pandemic, in order to get aligned with the altered customer behaviour, the need for cost optimisation and the reformed workplace experience. The webcast was presented by professionals of EY Cyprus with expertise in the business transformation process.