Finance Minister Constantinos Petrides voiced concern on Thursday over the risk to the economy from rising prices but said that inflation is currently viewed as transient.

Market analysts do not see an improvement in the cost of goods in the next period and until the first half of 2022. In fact, Cyprus is one of the countries most affected compared to other countries, due to its high dependence on imports of products and raw materials, 95% of which reach Cyprus by sea.

A new price-slashing outlet mall on the western fringe of Nicosia is getting ready to open its doors to the public, hoping to bring a fun shopping experience based on a concept that tries to reconcile modernity with tradition.

Adopting to new working practices, as a result of the COVID-19 pandemic, has businesses exposed to more and increasingly sophisticated cyber attacks and brought underfunded cyber defenses into the spotlight, according to the EY Global Information Security Survey 2021 (GISS).

The Cyprus Investment Funds Association (CIFA), supported by Invest Cyprus, organised and ran an online workshop explaining the intricacies of the EU Recovery and Resilience plan for Cyprus.

The International Monetary Fund revised upwards the growth rate of the Cypriot economy, compared to its forecasts for last April.

The epidemiological picture and vaccination coverage in Cyprus is very good and deserves to be congratulated, said Agoritsa Baka, Senior Expert at European Centre for Disease Prevention and Control (ECDC) during a conference in Limassol on Monday on Public Health.

Cyprus Health Ministry announced that COVID-19 booster jabs would begin for citizens aged 65 or older.

Cyprus welcomes the agreement reached by the G20 on 8 October 2021, marking the long-term efforts to create fair and healthy competition at global level and to safeguard the tax bases and public revenues of the economies.

In September, annual car sales plunged 19.6%, while vehicle registrations were also down by nearly 5% for the first nine months of the year.