Rating Agency Moody’s has upgraded Cyprus’ long term credit rating by one notch to Ba1 assigning stable outlook, citing reduced exposure to event risks because of a decrease in banking sector risks, the resilience of the economy during the Covid pandemic as well as robust medium-term GDP growth prospects being supported by sizeable European funds.

Third Point Hellenic Recovery Fund L.P. is selling its 12.6% stake in Hellenic Bank to Athens-based Eurobank SA for an estimated €41.6 million, ending fund manager Daniel Loeb’s unproductive venture into the Cyprus market.

Divers are creating immersive digital tours showcasing the island’s underwater sites to raise awareness about biodiversity and promote tourism.

A total of 511,744 people in Cyprus were recorded vaccinated with at least the first dose of a jab as of late Thursday, according to latest official data. And a total of 448,882 people had received both doses, Philenews reports.

Health officials in the Republic of Cyprus are trying to regroup this week following public criticism over lack of information on vaccinated persons, with plans underway said to include cross referencing vaccination data with close contacts of infected persons and more qualitative data.

Four EU member states are excluded from Cyprus’ safest green category for travel, including Malta, which was evicted due to the country’s high-risk red classification.

The state health services organisation (Okypy) has officially launched its new revamped website on Thursday designed to facilitate the procedure of booking medical appointments online.

The presence of the Delta variant of Covid-19 in samples in Cyprus has gone up from only a few in the end of April-beginning of May to almost 100% by early July, according to the ministry of health.

Cyprus must gradually return to prudent fiscal and macroeconomic policies to bolster its economic standing, Finance Minister Constantinos Petrides said on Thursday, warning that a reversal of reforms would harm public finances and the banking sector.

Ireland’s Eurogroup President Paschal Donohoe praised Cyprus’ “impressive recovery” from the coronavirus outbreak, saying it was down to good national policies coupled with EU decisions.