The Recovery and Resilience Plan will facilitate the path towards improved productivity and significantly affect GDP growth, the Economics Research Centre of the University of Cyprus (CypERC) has said in a bulletin that examines the multifactor productivity growth (TFP growth) of Cyprus and assesses the evolution of the production inputs, as well as their growth-enhancing performance for the period between 1996 and 2020.

Key facts and figures about the country, geography, people, government and economy plus 2022 public holidays.

MSD's oral antiviral medicine Molnupiravir/Lagevrio, will be available only with a prescription from Monday, 17 January, according to the Ministry of Health in Cyprus.

The appraisal drilling “Glaucus-2” in block 10 of the Exclusive Economic Zone (EEZ) of the Republic of Cyprus is proceeding smoothly, Energy Minister Natasa Pilides said on Friday, during a visit to the drilling – ship “Stena Forth”. The drilling is expected to be completed in March.

The Deputy Ministry of Shipping presented on Friday its newly-launched online Cyprus Open Maritime Exchange Platform (COME).

The Olympia Group, an investment group with interests in a number of industries, announced this week it had increased its stake in e-commerce retailer and omnichannel retailer Public-MediaMarkt, operating in Greece and Cyprus, to 98% after a €50 million outlay.

As of Monday, people will be able to choose the vaccine of their choice among the four available anti-Covid jabs at walk-in vaccination centres, the health ministry announced on Saturday.

Royal Caribbean on Monday announced its return to Cyprus in 2022 and 2023, with Rhapsody of the Seas.

Although Cyprus, research and development investment has risen during the last decade, data shows that the R&D expenditure as a percentage of GDP is the lowest in the EU.

Real Estate Funds represent over 10% of all Funds registered in Cyprus, as per the latest statistics provided by Cyprus Securities and Exchange Comission. Indirect investment in real estate (hereafter referred to as ‘RE’) through Funds is popular, as it allows investors to access large projects and provides investors with a level of professional management to which they may not have access, should they attempt to replicate the strategy themselves.