The Central Bank of Cyprus (CBC) has downgraded its forecast for 2022 GDP economic growth by 0.9 percentage points due to the negative effects of the Ukraine war and the sanctions against Russia.

The United States donated to Cyprus an underwater camera that upgrades the Port and Marine Police’s operational capabilities, especially in maritime security.

The World Health Organization (WHO) will set up regional offices in Cyprus to cover the Mediterranean basin and southeast Europe, dealing mainly with infectious diseases the health ministry’s spokesman Constantinos Athanasiou told the Cyprus News Agency on Friday.

The Cyprus Securities and Exchange Commission has received the Great Place to Work® certificate.

A new €50 million package to support households and businesses from soaring electricity prices was announced by the government to reduce bills expected to rise by 25%.

Cabinet on Thursday extended the deadline for tax returns by a month to facilitate taxpayers.

Cyprus ranks 20th among 27 EU member states in the 2022 edition of the Digital Economy and Society Index (DESI), faring particularly well as regards connectivity where it came in 12th according to an EU Commission report published on Thursday.

Evgenios Evgeniou, chairman of the Cyprus Investment Promotion Agency, commonly referred to as Invest Cyprus, on Wednesday said that the country’s efforts to attract foreign companies have helped the economy’s resilience and are contributing toward a more sustainable economic model.

The European Commission announced it received on Thursday the first payment request from Cyprus under the Recovery and Resilience Facility (RRF) for the disbursement of €85 million in financial support (net of pre-financing), adding that it will assess it and will send its preliminary assessment of milestones and targets fulfillment to the Council's Economic and Financial Committee.

Economic sentiment improved in July, the University of Cyprus’ Economic Research Centre said on Wednesday.