The island’s two largest lenders, Bank of Cyprus and Hellenic Bank, actively pursuing sales of €4 billion of bad loans would improve their asset quality metrics, accelerating the derisking of their balance sheets, a credit positive, said Moody’s.

The Cabinet on Monday approved a proposal by the health minister for the extension of overtime work in state hospitals until the end of May to reduce patient waiting lists in some specialties.

The cabinet approved a national strategy for Artificial Intelligence (AI), the Communications Minister Yiannis Karousos announced on Monday.

A procedure will be followed at Cyprus airports to identify travellers coming from China or those who have travelled to China in the last two weeks in order to deal with any cases of coronavirus.

Larnaca will see its fair share of new developments with several luxury high-rise building projects, hotels and a shopping mall being built by local and foreign investors.

High mobility has been recorded at Cyprus airports over the recent years with aircraft landings marking an upward trend between 2014 and 2018, according to latest data by the Statistical Service.

Cyprus had the second-highest annual increase in the EU of nights spent in tourist accommodation by residents (up 13%) in 2019 and the second-largest share of non-residents (94%) staying over.

Debt Acquiring Companies have made their presence felt in Cyprus by changing the banking landscape and possibly having a future effect on the real estate market after acquiring asset-backed NPLs worth €14 billion.

The only centre offering free palliative care to cancer patients and their families in Cyprus will start operating in the newly renovated and expanded clinic by the end of February.

Two more specialists will be added to medical staff at Kyperounta hospital in the next few days, as part of the national strategy for the development of mountain communities, Health Minister Constantinos Ioannou said on Friday.