While deposit rates are hitting rock bottom, with some banks even applying negative interest rates on large deposits, Cyprus Insurance Investment Funds may offer investors a way out.

Two budget airlines, Whizz Air and RyanAir, have announced direct flights from Cyprus to the capital of Armenia, Yerevan – taking off in summer 2020.

The House plenary session on Friday approved the creation of a deputy ministry for research, innovation and digital strategy, to be launched on March 1.

Parliament on Friday narrowly voted in favour of a €60 million government guarantee to a private company overseeing the building of a 50MW solar power farm.

This year, bids are bids are expected to be launched for a slew of projects in the Paphos area, Transport and Public Works Minister Yiannis Karousos announced.

After losing the “Halloumi” trademark last May (failing to act on a cancellation application in a British court filed by a British company), Cypriot Minister of Energy, Commerce and Industry Yiorgos Lakkotrypis announced early this week that Cyprus has successfully registered the “Halloumi” trademark in the UK Intellectual Property Office, correcting a very big mistake made by the Ministry.

Cypriots should not panic over the coronavirus, Health Minister Costantinos Ioannou said on Thursday after briefing the relevant House committee on the issue.

Cyprus has recorded inflation of 1.1% in January this year on an annual basis, according to a Cyprus Statistical Service announcement released on Thursday.

The number of registered Cyprus unemployed in January fell to a new 10-year low, according to seasonally adjusted data, mainly due to the decline in public administration jobless figures.

Only 1.2% of Cypriots work from home, one of the smallest shares of people in EU member states, Eurostat figures published on Thursday show.