Commissioner Elisa Ferreira said on Thursday that Cyprus is the first EU state to have its Cohesion Policy programme approved for access to €1 billion in regional development and cohesion funds.

The cabinet has approved €16 million to subsidise the cost of nursery schools for children up to four years old.

SOTERIS PITTAS & CO LLC in cooperation with the UK Law Firm BRYAN CAVE LEIGHTON PAISNER, cohosted an accredited legal seminar on the subject “Challenges and Developments in the Cypriot Legal Market” that was held on Thursday, 7th of July 2022, at the Columbia Plaza Venue Center.

In two years, municipal authorities must implement a “pay as you throw” tax scheme on waste, promoted by the government to meet its EU environmental targets by encouraging more recycling.

Authorities are prepping the first hospital outpatient clinics to cater to patients on weekends starting this Saturday, said the Health Ministry.

Cyprus’ long-term strategy for a new growth model titled “Vision 2035” seeks to transform the economy based on green sustainability, not wishful thinking, said Finance Minister Constantinos Petrides.

Larnaca hoteliers are satisfied with tourist arrivals this summer, despite the European travel industry struggling with staff shortages following the coronavirus pandemic.

Cyprus is enduring its highest inflation rate in four decades, as the cost of living increased by 9.6% in June, breaking the previous 40-year record of 9.1% registered in February 1982.

Flights to and from Cyprus will not be affected at all, at least in July, even though SAS on Tuesday filed for Chapter 11 bankruptcy protection in the United States.

A total of €362.9 million in new loans were recorded in May, according to data released by the Central Bank of Cyprus on Tuesday. The increase in new loans is mainly due to both an increase in loans for over €1 million and loans for the purchase of homes.