Capital Intelligence Ratings (CI) has affirmed the long-term foreign currency rating (LT FCR) and short-term foreign currency (ST FCR) of Bank of Cyprus (BoC) at ‘BB-’ and ‘B’, respectively, affirming its ‘stable’ outlook, in line with other rating agencies.

The number of businesses in Cyprus rose for a fourth consecutive year in 2020, albeit the annual rise was contained to 2% due to the coronavirus pandemic.

The greatest culture project implemented by the Government, the new Cyprus Museum, is underway following an announcement on Wednesday for the tender of the construction contract.

Weekly tests, delayed reopening of schools and halving of the period for the recovery certificate are among measures announced on Tuesday afternoon by the health ministry to slow the spread of Covid-19.

Appraisal drilling has begun at the Glaucus-2 site in offshore block 10 of the island’s exclusive economic zone, the ministry of energy said Tuesday.

Cyprus' House of Representatives on Friday evening approved the state budget for 2022 with 30 votes in favour and 25 against. Finance Minister, Constantinos Petrides, said after the voting that the 2022 state budget is a budget of sustainable growth, green transition and social state, highlighting the fact that this is the first budget approved by the House that is really linked with reforms.

Romania is moved to amber zone in the new categorization of countries announced by Cyprus authorities on Monday. The new categorization is put into effect December 23.

The Ministry of Health informs that the free distribution of self-test kits from the pharmacies will start as of today and citizens can receive the package of five self-tests within a period of one month from the start of the procedure, just once. 

The Cabinet approved a six-month extension of an incentives scheme to airlines to combat the effects of the COVID-19 pandemic on Cyprus connectivity.

Τhe Investment Funds sector in Cyprus was significantly strengthened in 2021, with managed assets increasing 48.7%, even though the consequences of the pandemic and uncertainty continued.