Deputy Tourism Minister Savvas Perdios announced on Wednesday that the Cabinet had approved a special grant scheme of the order of €420,000 in support of restaurants offering Cypriot cuisine, in a bid to help improve the image of traditional local gastronomy.

Europe’s largest Integrated Casino Resort (ICR) will open more than six months behind schedule; in the summer of 2022, the principal shareholders of Limassol’s City of Dreams Mediterranean announced on Wednesday.

Despite the uncertainty of 2020, IPO investors enjoyed a prosperous year as IPO activity proved resilient to the impact of the COVID-19 pandemic supported by low interest rates and expansionary monetary policies. Global IPO volumes continued to accelerate, increasing by 19% to 1,363, while proceeds increased 29% year-on-year to a total of US$268b. This strong IPO performance indicates global equity markets continue to provide the platform for companies with access to public capital.

Stelios Americanos & Co LLC has joined Dentons New York in assisting Zubr Capital and the European Bank for Reconstruction and Development (EBRD) in a multimillion transaction in relation with their exit from the investment in Enterprise Agile Planning company Targetprocess, following its purchase by Apptio, a leading provider of technology business management solutions.

The market for Cyprus office real estate is forecast to fall 10% to 15% in aggregate office demand this year, reports Wire-FS, an independent real estate asset management and advisory firm active across Cyprus and Greece on Tuesday.

Unemployment in Cyprus in 2020 rose to 7.6% of the labour force compared with 7.1% the year before, pushed upwards by the fallout of the coronavirus pandemic on the labour market.

A plan to manage a possible 3rd pandemic wave in Cyprus includes, among other things, the use of 300 additional hospital beds in wards, as well as more training for nurses and doctors.

Gymnasium and lyceum students must carry to school a negative Covid-19 rapid test if they are to be allowed back in the classroom, a health ministry decree said Tuesday.

Transport Minister Yiannis Karousos on Tuesday unveiled a €4 million, 17-point plan of action aiming to encourage cycling as an alternative form of transport.

Deputy Minister of Research, Innovation and Digital Policy, Kyriakos Kokkinos stressed the need to coordinate actions and investments at national and European level to achieve the EU's goals "for a sustainable, digital and green transition, empowering businesses with an emphasis on the SME and start-up ecosystem, and ensuring EU technological dominance", during his intervention at the informal teleconference of the Competitiveness Council for Research, under the Portuguese Presidency.