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Israel, due to estimated shortfalls in domestic electricity production in the coming years, is keen on seeing the creation of the electricity interconnector with Cyprus, Energy Minister George Papanastasiou has said.

International rating agency Fitch has affirmed Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) at BBB, assigning a Stable Outlook, assuming that fiscal surpluses will continue despite economic slowdown, whereas the island’s declining public debt trajectory will continue albeit with a slower pace.

The general assembly of the European Underwater Federation (EUF) will take place in Cyprus between June 17 and June 19, according to a statement released this week.

A total of 19 beaches in the Paralimni municipality have received a Blue Flag award, according to a recent announcement.

Cyprus Airways and Aegean Airlines this week announced their plan to work together on codeshare flights, which will start on June 20, with the aim of improving connectivity and travel options for passengers travelling to and from Cyprus.

Cyprus has been ranked in 18th place as an attractive investment destination.

The Council of Ministers of the Republic of Cyprus, through Regulatory Administrative Act RAA 183/2023, has issued a Decree by which the deadline for the submission of the 2022 Personal Income Tax returns (TD1) has been extended to 23:59 hours on 2 October 2023.

Cyprus aims to attract medical tourists with a new multi-million scheme that will provide subsidies to tourist accommodations so that they can become more accessible with medical facilities.

Energy Minister George Papanastasiou is headed to Jerusalem, where he will hold meetings with his counterpart, Israeli Energy and Infrastructure Minister, Israel Katz.