The Cabinet approved the 2023 state budget on Friday, with Finance Minister Constantinos Petrides heralding it “the greenest, with the most social benefits” ever submitted by a government.

The House on Thursday passed a bill extending to the end of February 2023 the period for reduced consumption tax on fuel, in a move that will ease some of the pressure on households and businesses from the rising cost of living.

Larnaca-airport-based carrier Cyprus Airways has announced a unique project launch with two direct flights to Manchester in mid-October.

Tourists in Cyprus in July spent on average €88 daily, marking an increase of €10 compared to the same month last year, according to the holiday island’s Statistical Service.

The European Commission presented to the Council a proposal to grant financial support of €29 million to Cyprus, bringing its total support to the country to €632 million under the ‘Support to mitigate Unemployment Risks in an Emergency’ (SURE) instrument.

Cypriot Minister of Finance Constantinos Petrides, stressed on Wednesday evening the need to be “even more careful” with the fiscal discipline in the new challenging era, while Central Bank Governor Constantinos Herodotou referred to the risk of new NPLs due to the challenging economic conditions.

The Cyprus Investment Funds Association (CIFA) on Wednesday held an event focusing on the latest developments in Cyprus’ investment funds sector, spearheaded by the association’s president and board of directors.

Cyprus will request specific exemptions from the measures concerning the mandatory reduction of energy demand during peak hours, as well as the imposition of a cap on the additional profits of energy companies that produce energy using lower-cost sources.

The contracts for maintenance work at a building near Piale Pasia Street and the commercial centre in Larnaca were both signed yesterday.

Paphos has received a European Silver “Quality Coast” award for 2022 and has been included among the top 100 “greenest destinations” in Europe, a press release by the Paphos Regional Board of Tourism said on Thursday.