Cyprus is the first country in the eurozone to announce that it plans to make use of the cheap, long-term credit lines that will be made available by the Pandemic Crisis Support fund of the European Stability Mechanism (ESM).

Cyprus’ ship management sector has continued to do well during the coronavirus crisis, according to Captain Eugen Adami, CEO of the Limassol ship-owning and ship management firm Mastermind.

Profile Software, a leading financial solutions provider, announced today that 3K Investment Partners, a Mutual Funds Company based in Athens, selected Axia, Profile’s leading omni-channel and web-based investment management system, to efficiently address its fund and wealth management operations on a single platform supporting all of its investment activities in an fully automated environment.

The unprecedented challenges facing global health care systems as a result of COVID-19 reveal the urgent need for the global adoption of a data-driven, personalized approach to health and wellness, according to the Five Trends Driving the Emergence of the Personalized Health Ecosystem report. While organizations have long recognized the potential of technology to capture and use data to transform their industry, until now, they have lacked the “burning platform” that the pandemic provides to make changes imperative.

Four new cases were announced by the health ministry on Wednesday evening, the day before virtually all restrictions on movement were lifted after more than two-and-a-half months of lockdown.

After two months of lockdown, curfews and SMS permits to go outside for any reason, Cyprus returns to a sort of normality on Thursday, barring the opening of airports and crossings.

Cyprus saw its income from tourism nosedive by 73.5% in March as it enforced a commercial flight ban and tightened COVID-19 lockdown, according to official data released Wednesday.

The European Commission has concluded that “Cyprus retains the capacity to service its ESM debt, but challenges have increased as a result of Covid-19″.

Section 293 of Companies Laws, CAP. 113 (“CAP. 113”) provides for the power of Cypriot Courts to issue an order for the placement of a voluntary liquidation of a Cypriot company under Court’s Supervision, upon the application of the company’s creditors or shareholders, and subject to terms to be fixed by Court, as it deems just.

The Deputy Tourism Ministry is all set to open the Cyprus tourism market as of June 15.