Tourist arrivals in Cyprus reached a mere 631,609 plunging by 84.1% year on year in one of the worst ever season for Cyprus’ tourist industry which took a heavy blow by the coronavirus pandemic.

Bank of Cyprus Holdings Public Limited Company announced that it has reached agreement with funds affiliated with Pacific Investment Management Company LLC (PIMCO), for the sale of an additional portfolio of Non Performing Exposures (NPEs) with a gross book value of €545 million.

Beer consumption in Cyprus has fallen to its lowest ebb since 2002 when records began, as the island’s breweries were also struck by coronavirus which kept tourists away.

Over 50% of people over 80 have either received their first Covid-19 vaccine or are scheduled to receive it, senior health official Olga Kalakouta said on Monday.

President Nicos Anastasiades received his second dose of the Pfizer/BioNTech vaccine against the coronavirus, sending out a message of gratitude to frontline medics and hope that things would go back to normal as more people get vaccinated.

Under Cyprus Law, a pledgee, in the event of default of the pledgor, may:

Banks need to find a new business model to adapt to the new era, Cyprus Central Bank Governor Constantinos Herodotou has said.

Brussels is taking the initiative to end a stalemate in registering Cyprus’ famous traditional cheese as a protected product, with halloumi bogged down in the politics of division.

Clinical psychologists registered in the national health scheme (Gesy) will be able to provide online sessions to their clients starting January 20, the psychologist association (Pasypsy) said on Saturday.

Vaccinations continued with 4,191 people receiving the first dose of Pfizer-BioNTech jab this week, bringing the total amount of those vaccinated to 10,226, the health ministry announced on Saturday.