Total non-performing loans (NPLs) in the Cyprus banking sector decreased by €32 million at the end of October 2021, compared to the previous month, when total loans increased by €14 million to € 27.91 billion.

The Cyprus Telecommunications Authority (CyTA) said Monday it is increasing its profits as well as its market share while giving back to the state over €1 billion in the form of dividends and taxes over the past 20 years.

President of Cyprus Nicos Anastasiades is satisfied with the timetable as regards the opening of the competitive electricity market, set to operate in the fall of 2022, according to a written statement by Deputy Government Spokesperson Niovi Parisinou, following a meeting the President had Monday with Energy Minister, Εnergy System Operator Head, Cyprus Energy Regulatory Authority (CERA) Board and other officials.

After calls to simplify COVID travel rules within the EU, EU Ministers meeting at the General Affairs Council in Brussels agreed on Tuesday that the three main criteria for travel within the EU will be vaccination status, covid test results or recovery certificates.  Freedom of movement within the EU will no longer be regulated by your country of origin.

The Cyprus Shipping Deputy Ministry (SDM) announces the launch of a tender (Tender No. SDM 1/2022) for the Digital Transformation of the Shipping Deputy Ministry.  The project is co-financed by the European Union – NextGenerationEU (Resilience and Recovery Facility).

In Cyprus, annual residential property prices continued to rise 1.2% in the third quarter of 2021, primarily driven by apartment purchases.

Cyprus income tax revenue for the tax year 2020 increased by €25.6 million euros, compared to 2019, with the total amount exceeding €642 million.

A new EY report, Are universities of the past still the future?, argues that universities in advanced economies are facing a number of existential issues in the wake of the COVID-19 pandemic.

The Cyprus Energy Regulatory Authority (CERA) submitted its annual report to President Nicos Anastasiades on Thursday, confirming its commitment to renewable energy and to lowering prices for customers.

The Commission announced on Thursday that it has approved a €2 million Cypriot scheme to support tour operators affected by the coronavirus pandemic, as it was found to be in line with the EU’s state aid temporary framework.