Cyprus has the biggest need for cooling buildings in all the EU, recording on average, the highest levels of cooling degree days (CDD) for the period between 1979-2021, according to figures published by Eurostat.

After record-high levels of global IPO activity in 2021, volatile market conditions have resulted in a significant slowdown during the first quarter of 2022. The year started off strongly, continuing the momentum of Q4 2021, with January producing the strongest opening month in 21 years by proceeds. However, by the second half of the quarter, worldwide stock market declines shifted the trajectory dramatically in the opposite direction, resulting in a significant drop in overall activity. For Q1 2022, the global IPO market saw 321 deals raising US$54.4b in proceeds, a decrease of 37% and 51% YOY, respectively.

Cyprus’ Index of Industrial Output Prices for April 2022 reached 123.8 units (base 2015=100), recording an increase of 19.5% compared to the same month last year, according to data published by the island’s Statistical Service (CyStat) on Monday.

Following an international trend, consumers in Cyprus will now be able to withdraw cash without a fee at participating supermarkets, bakeries, butchers and gas stations. The maximum withdrawal limit is set at €100.

Plume, a California-based company, is partnering with Cablenet to provide a better internet experience for homes and businesses in Cyprus.

Cyprus has fully embraced the pioneering National Healthcare System; the government said to mark the third anniversary of the NHS.

Approximately 885,000 passengers travelled through Larnaca and Paphos airports in May alone, a steep increase of 634,000 more than in 2021, airport operator Hermes said.

The seasonally-adjusted unemployment rate in Cyprus decreased to 5.4% in April, from 5.8% the month before and 8.4% a year ago, according to Eurostat.

The Cyprus Marine and Maritime Institute (CMMI) and the National Technical University of Athens have signed a Memorandum of Understanding aimed at future partnerships in the fields of maritime and marine research, technological development and innovation.

During last week's cabinet meeting, the council of Ministers decided to impose measures to help mitigate inflationary pressures on the general population.