The European Commission has approved a €6.13 million Cypriot incentive scheme geared to support airlines affected by the coronavirus pandemic, having found it to be in line with the Temporary State Aid Framework of the EU.

After drawn-out debates before the House of Representatives, MPs on Thursday passed a law establishing an independent Authority against corruption as well as law regulating political lobbying.

Cyprus' Department of Environment has given the green light for the operation of a helipad in the northern part of mountainous Troodos region, Philenews reported on Friday.

Consumers should not accept additional charges for using credit or debit cards when paying for goods and services and they now have the law by their side.

Minister of Transport, Communications and Works, Yiannis Karousos, said on Friday that the project of Larnaca port and marina will significantly reinforce the Cypriot economy, with the benefit estimated at €120 million per year.

The number of Investment Funds in Cyprus recorded a new high in December 2021, reaching 257, with their total assets reaching €8,74 billion, achieving a 2.4% increase, in comparison to September 2021, according to data published by the Central Bank of Cyprus.

Two electric car charging stations have been installed in the outdoor parking lot of the Nicosia Mall.  The service will be provided free of charge to visitors for the whole of 2022.

Grant schemes, worth €158 million, will be made available in 2022, Minister of Energy, Trade and Industry Natasa Pilides announced during an online workshop, on Wednesday.

Cyprus will waive a requirement for vaccinated passengers to present a PCR or rapid test before boarding a plane for the island from Monday, while all travel restrictions for the fully jabbed will be lifted on 1 March.

The Cyprus Chamber of Commerce and Industry (Keve) and the Cyprus International Institute of Management (CIIM) on Wednesday signed a Memorandum of Cooperation, seeking to deepen their partnership, promote sustainable entrepreneurship and support businesses.