The European Commission has approved an estimated €2 million Cypriot scheme to support private investments into innovative small and medium-sized enterprises (SMEs), contributing to the country’s Recovery and Resilience Plan.

The continued high rate of growth in the fourth quarter of 2021 confirms the resilience and dynamism showed by the Cypriot economy and the soundness of our policies, boosting expectations for further growth in 2022, Finance Minister Constantinos Petrides said on Tuesday.

Rental values for both apartments and houses rose during the fourth quarter of the previous year, according to a report released this week by independent real estate asset management and advisory firm WiRE.

Renewable energy accounted for 37.1% of the total energy used for heating and cooling in Cyprus in 2020 – the ninth highest rate in the EU and up from 19.97% in 2011, according to figures published by Eurostat on Friday.

The transformation of banks’ business model towards digitalisation and their profitability enhancement by rationalising their cost structure, while closely monitoring the underlying risks of this transformation, are the main banking sector challenges according to the Governor of the Central Bank of Cyprus Constantinos Herodotou.

Alpha Services and Holdings S.A. (together with its subsidiaries) has reached an agreement with an affiliate of Cerberus Capital Management, L.P. for the sale of a portfolio of Cypriot non-performing loans and real estate properties of a total gross book value of €2.4 billion.

We are delighted to announce that Resitour! Holiday Residences, a member of the Leptos Group, has received three international Traveller Review Awards for 2022 by Booking.com – the world’s leading digital travel company.

The European Commission predicts a 4.1% increase for the real GDP of Cyprus in 2022 and a 3.5% increase in 2023, in its Winter 2022 Economic Forecast which was published on Thursday.

Cyprus’ foreign trade showed signs of recovery in the final two months of 2021, with exports hitting €702.7 million in value during that time, while total exports surpassed €3 billion for the entire year.

Gesy’s expenditure in 2021 was €1.21 billion, with all indications that this would be covered by revenue, a senior health insurance organisation (HIO) official told the Cyprus News Agency on Thursday.