Cyprus is the largest beneficiary of European Investment Bank (EIB) engagement in Europe relative to GDP, the EIB said on Monday as it announced a €19 million loan agreement with Epic to accelerate broadband network deployment.

Cyprus has called on the public to use an online application dubbed as CovTracer-EN in a bid to put a lid on the spread of coronavirus.

The health ministry’s epidemiological unit issued on Monday a modified risk-based classification of countries, with changes to come into effect on April 1.

Jiu Jitsu, the first Hollywood film to be shot entirely in Cyprus, has made its way into the top ten of the most watched films on Netflix USA and Canada.

The Central Bank of Cyprus last year had in store gold valued at €689.8 million compared to € 605.7 million in December 2019.

Total loans in the Cyprus banking system declined by €288 million in February, marking their first significant reduction as borrowers began repaying their loans following the ending of a general payment holiday in December 2020, while a new moratorium has limited effect.

President Nicos Anastasiades, during his visit to various major construction projects in Limassol on Saturday,  said he hoped that the government would soon be able to announce new incentives aimed at attracting investors.

Fitch rating agency affirmed Cyprus’ long-term sovereign rating at “BBB-” with a stable outlook, citing high sovereign debt and a weak banking sector as the main challenges facing the island’s economy.

The Commission’s Quality Committee on Friday put its eagerly-awaited stamp of approval on Cyprus’ request for registering halloumi/hellim as a product of Protected Designation of Origin (PDO).

The upward trend in Cyprus’ weekly coronavirus positivity rate for appears to have come to a halt, but remains at relatively high levels, an updated national surveillance report covering the period up to March 23 showed.