Twenty Cypriot Covid-19 patients have been included in a global clinical trial of Japanese antiviral influenza drug Avigan (favipiravir), the health ministry said on Tuesday.

Fitch rating agency maintains Cyprus’s long-term credit rating to BBB- changing the outlook from positive to stable. According to the Ministry of Finance, the agency highlighted the government’s responsible management both of the economy and the public finances under the present conditions due to the coronavirus pandemic.

Profile Software, a leading financial solutions provider, announced today that 7Q Financial Services, a Nicosia-based Investment Firm, specialising in asset management, went live with Axia Wealth & Fund Management solution, to comprehensively address its fund management requirements and support its investment activities in the most automated manner.

Cyprus announced its intention to proceed with the issuance of 7-year and a 30-year euro-denominated bonds in a bid to strengthen its cash reserves amid the crisis caused by the coronavirus pandemic.

Nineteen more people have tested positive for coronavirus the health ministry said on Monday, bringing the total number of cases to 465.

The number of loan applications for suspension of payments for the next nine months at the island’s two largest banks has risen to 23,000, CNA reported on Tuesday.

Soteris Pittas & Co LLC is pleased to announce that the 12th edition of the Dispute Resolution Review was published recently and is now live on the The Law Reviews website.

An Aegean flight from China touched down in Larnaca on Saturday night, carrying medical supplies including personal protective equipment urgently needed by health workers in the Republic of Cyprus.

Strict COVID-19 social distancing rules seem to be working after Cyprus saw a 33% dip in confirmed daily cases on Sunday falling to 20 from 30 with total deaths attributed to the virus remaining at nine.

A new smartphone app wants to give users the possibility of avoiding crowded supermarkets when purchasing basic goods during the Covid-19 lockdown measures by providing relevant information in real time, the CNA reports.