Social protection expenditure of the public and private sector in Cyprus in 2018 amounted to only 18.1% of GDP compared to the EU average of 27.5%.

The European Commission has sent more than half a million rapid test kits to Cyprus in a bid to boost population testing on the island, it emerged on Friday.

Capital Intelligence Ratings (CI Ratings or CI) announced Friday that it has affirmed the Republic of Cyprus’ Long-Term Foreign Currency Rating (LT FCR) and Short-Term Foreign Currency Rating (ST FCR) at ‘BB+’ and ‘B’, respectively. At the same time, the Outlook for the ratings was affirmed as Stable.

Following the 2007-2009 global financial crisis, the financial services sector has been subjected to a process of intense regulatory overhauling, leading to many of the complex laws that are applicable today in relation to funds, banks, investment and insurance firms.

We are extremely proud of our trainee lawyer Nicholas Yiasemis for having successfully passed all his Cyprus Bar Association examinations with a very high score.

Michael Leptos, Founder and Executive Chairman of the Leptos Group of Companies, was posthumously honoured with the Lifetime Achievement Award at the Cyprus Architecture, Property and Interior Design Awards held in Nicosia on 17 March 2021.

The United States is “supportive of connecting distribution grids of mainland Europe to Cyprus and Israel via the EuroAsia Interconnector,” a spokesperson for the State Department has said.

The construction of the first private conventional power station by Power Energy Cyprus (PEC) is already underway and going according to schedule.

A total of 43,448 patients have received inpatient care services in the first six months of the inclusion of the inpatient care to the General Healthcare System, according to the Health Insurance Organization (HIO).

Cyprus will resume its inoculations using the AstraZeneca vaccine, having suspended the programme on Monday following a European investigation into about 40 cases of blood clots in people who had received the jab.