In view of Monday’s reopening of the retail trade and business sectors a total of 208,000 antigen rapid tests for the coronavirus were carried out in Cyprus between February 1-7.

Cyprus maintained its high ranking among EU member states in terms of coronavirus population testing, with the island counting 1.5 million tests conducted since the outbreak of the pandemic last March.

Producers of the traditional Cypriot cheese halloumi saw a reduction in the growth of their exports, with cancellation of orders and undelivered quantities, due to the new restrictive measures for COVID-19 in most European countries.

Cyprus has uses the second highest share of fossil fuels of all EU member states, Eurostat figures published on Thursday show.

With nearly one in five euros generated from the travel and tourism sectors, Cyprus is embarking on a general makeover, as well as an aggressive campaign to promote the island as a quality destination.

Discussions of the Cyprus proposals in the draft Plan of Recovery and Sustainability (European Recovery funding plan) are to begin on February 11, according to a press release from the finance ministry General Directorate of European Programs, Coordination and Development released on Thursday. 

Inflation in Cyprus continued to drop in January 2021 according to data released Thursday by the Statistical Service of Cyprus. The Consumer Price Index decreased by 1.06 units to 99.21 units compared to 100.27 units in December 2020. Compared to January 2020, the CPI decreased by 1.6%.

The Tax Department of the Republic of Cyprus has announced that DAC6 (which is the Council Directive (EU) 2018/822 of 25 May 2018 amending Directive 2011/16/EU as regards mandatory automatic exchange of information in the field of taxation in relation to reportable cross-border arrangements) is expected to be transposed into national law within February 2021.

Paphos has moved forward with plans to transform the town into a smart, digital city by signing a contract for the development of a Geographic Information System (GIS).

Cyprus may target a wider deficit in 2021 than previously expected, but fiscal performance should still be strong relative to regional peers, Fitch Ratings said.