Five companies have submitted bids for the traffic camera contract ranging from €26.99 million to €36.35 million, the Transport Ministry said on Monday.

Suspended credit facilities at the request of borrowers on May 8 amounted to €1.19 billion from €894 million on April 24, according to data released Monday by the Central Bank of Cyprus (CBC).

Despite the outbreak of the novel coronavirus at the end of February, and the subsequent lockdown, the Bank of Cyprus showed total Income of €145 million, and operating profit of €52 million for the first quarter 2020.

Cyprus hopes to regain lost ground in its tourism sector from July and expects to be able to re-admit British and Russian visitors by then after weeks of lockdown.

Budget airline Ryanair said Tuesday it will start operating flights to and from Cyprus from July 1.

As a result of the coronavirus pandemic, April and May 2021 have become the most popular months for Britons to book a package holiday and Cyprus is top of their list.

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.