The rapid spread of the COVID-19 pandemic and the government measures implemented to address it, had a drastic impact on the global economy. As a result, businesses are facing new challenges in a destabilizing environment.

CountryProfiler will publish the 2020 edition of the Cyprus Country Report in September.  The publication, produced in cooperation with the Ministry of Energy, Commerce and Industry, is widely regarded by Cypriot and international executives as the most influential and trusted resource on doing business in Cyprus.

The cabinet on Thursday approved a series of additional measures to support workers stricken by the coronavirus fallout, also extending existing schemes to include new categories of economic activity that had been previously exempted.

With state hospitals busy wrestling with the island’s coronavirus outbreak, the full rollout of the General Health System, initially planned for June, won’t be taking place until September.

The health ministry announced 5 new coronavirus cases on Thursday, bringing the total to 795.

The transport ministry on Friday announced that the ban on commercial flights has been extended for another two weeks.

More digital services will be made available for the public in a few months, deputy minister of research, innovation and digital policy Kyriakos Kokkinos said on Wednesday.

Tourism Minister Savvas Perdios said on Wednesday that he hoped the sector can resume operations by July but warned protective measures would have to remain in place as long as the coronavirus was around.

The health ministry announced six new cases on Wednesday evening, bringing the total to 790.

Cyprus ranks among the top three EU countries facing the greatest external sector risk, according to Scope Ratings’ updated external vulnerability and resilience ranking.