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.

A large number of applications were received on Monday by the Ministry of Transport for the government's electric vehicle subsidy plan.

Concreting of the raft foundation of Tower 1 of Blu Marine started on Friday 3rd December at 14:00 and ended on Saturday 4th December at 18:00. 28 hours of nonstop casting, 3 batching plants of concrete supply, 5 concrete pumps, 40 concrete mixer trucks with 300 Cube tests and 120 slump tests with a total of 3800 m3 concrete and 1,100 tons of reinforcement were used in the entire procedure. Along with 140-men construction crew working day and night on “Europe’s New Riviera.”

Cyprus Investment Funds report growth in a pandemic environment • Annual increase of 48.7% of assets under management • A significant number of Investment Fund managers from abroad choose Cyprus as their base

The first 130 children aged between five and 11 got their first dose of a COVID-19 vaccine on Friday as Cyprus buffers against a surge of COVID-19 and the arrival of Omicron.

Melco, the operator of Cyprus Casinos (C2) and the upcoming integrated resort, City of Dreams Mediterranean, has been accredited with third-party accreditation for Responsible Gaming — RG Check, the first in Europe to receive the endorsement.

Cyprus ranks 12th amongst 34 countries in Europe, the Middle East, and Africa for the ease of doing business in the country, according to a PwC survey.

The Price Index of Construction Materials for November 2021 recorded an increase of 17.87% compared to the same month of the previous year, according to data released Friday by the Statistical Service of Cyprus.

Cyprus hourly labor costs (total costs) rose by 7.3% year on year in the third quarter of 2021 following an annual rise of 17.1% in the previous quarter, the Statistical Service of Cyprus (Cystat) said on Thursday.