The University of Cyprus downgraded its projection for economic GDP growth this year to 2.6% due to the Russian invasion of Ukraine, warning of potential deterioration in asset quality in the banking system due to rising inflation.

The government is considering giving a much-needed extension to measures curbing higher energy prices in Cyprus, Philenews reports.

Cabinet on Wednesday approved the purchase of five homes that will serve as assisted living residences for people with disabilities.

Children in Cyprus are among the most at risk of obesity in the European Union, according to a World Health Organisation (WHO) report published on Wednesday.

The construction industry is suffering as the price hike of raw materials continues, with developers crushed under higher costs as they are deprived of Russian money.

To follow is a Q&A session with Dr. Charis Savvides, Partner of Stelios Americanos & Co LLC on the topic of Crypto & Asset Tokenization: Regulatory Developments.

Debt as a percentage of Gross Domestic Product (debt ratio) of households has decreased by nearly 30% and for non-financial corporations 57% in the last five years, the Central Bank announced on Monday.

The Retail Turnover Value Index increased by 7.7% in March 2022 in comparison to the corresponding month of the previous year, according to data published by the statistical service on Monday.

The Municipalities of Paphos and Yeroskipou had proposed the construction of 13 detached breakwaters and eight vertical groynes of 1.5 meters above average sea level.

Aegean flights from Athens to Paphos have been extended until the end of October 2022, according to an announcement by the Paphos region Tourism Development and Promotion office.