Cyprus has vaccinated almost 55% of the adult population with a Covid-19 jab taking it closer to reaching herd immunity to control the pandemic.

The G7 agreement on corporate minimum taxation does not appear to affect Cyprus, which plans to hold a constructive stance during discussions but at the same time secure its interests, Finance Minister Constantinos Petrides said on Monday.

The Cyprus Stock Exchange is moving ahead with its privatisation plans, aiming to fulfil its role for the further development of local companies and attract foreign investments.

The iconic Limassol Del Mar, the €400 million landmark development in the coastal town, is almost ready with Phase I completed in the next few months and work on Phase II finalised by the summer.

While the overall outlook is sunny for Cyprus, according to the European Commission’s Spring 2021 Post-Programme Surveillance Report released on Thursday, there are some aspects of the economy that give rise to concern.

The University of Cyprus will draw up training programmes for traditional professions that will be offered to the unemployed by the Human Resources Development Authority as part of a drive to keep craftmanship alive.

A substantial number of tourists from the UK to Cyprus should be expected as from July since London has failed to add the Mediterranean island or more countries to its so-called green-list for travel.

Cyprus has moved into the ECDC’s orange category as the 14-day cumulative diagnosis rate dropped to 130 per 100,000 residents, the ministry of health said on Friday.

In total, 1,525 Covid-19 patients have been treated at the Famagusta General, operating as a coronavirus reference hospital for more than a year now.

Three European Union member nations and three Middle Eastern countries are looking to train personnel in border, customs, maritime and cybersecurity techniques at a cutting-edge US-funded facility in Cyprus that is expected to be ready early next year, the Cypriot foreign minister said Thursday.