Property sales in Paphos district exceeded €2.5 billion in value over the past five years, a report from independent real estate asset management and advisory firm WiRE has revealed.

The current account balance of Cyprus and its international investment position improved in the third quarter of 2021, according to provisional data released by the Statistics Department of the Central Bank of Cyprus on Thursday.

From January 1, motorists caught violating the highway code by the newly introduced traffic camera system will have fines sent to their homes.

Cyprus’ real estate market continued its recovery this year, with some indicators exceeding pre-pandemic levels, according to a survey carried out by property analysts Delfi Analytics.

Greece’s Eurobank Ergasias announced it had completed the acquisition of 12.6% of Hellenic Bank, Cyprus’ second-largest lender.

Almost 70% of the population of the European Union lived in a privately owned house, while about 30% lived in a rented house in 2020, according to data for 2020 published by Eurostat, the EU statistical office.

The new measures taken by the Cabinet yesterday were focused and aimed at avoiding disruption to society and the economy, but a fresh assessment will take place next week and new arrangements may be in effect, Head of the Scientific Committee on the pandemic Constantinos Tsioutis told the Cyprus News Agency.

On 9 December 2021, the Cyprus Parliament approved the expansion of the definition of corporate tax residency for Cyprus companies to additionally include the incorporation test.

Flights to and from Cypriot airports in Larnaca and Paphos continue to operate normally despite widespread cancellations of international flights that have affected thousands of passengers at many airports around the world, operator Hermes Airports said on Sunday.

The health ministry has reclassified three countries on its list of colour-coded destinations for Covid-19.