The European Commission and the EU Intellectual Property Office (EU IPO) have recently announced the implementation of the Ideas Powered for Business SME Fund, a €20million grant scheme created to encourage European small and medium sized enterprises (SME) to protect their Intellectual Property (IP) rights.

The president of Cyprus said authorities on Friday will unveil deep reforms to fight corruption, months after scrapping a citizenship for investment programme that was marked by allegations of graft.

The health ministry announced on Thursday that people aged 86 and above who have not yet reserved a slot will be able to book their Covid-19 jab on the government vaccination portal from January 29 at 9am.

Wizz Air announced three new destinations from Cyprus to Oslo, Tel Aviv and Kharkiv starting from March while allocating a third aircraft to its Larnaca base.

Finance Minister Constantinos Petrides expects to see the Cyprus economy bounce back from the pandemic with 4.5% GDP growth in 2021 following a 5.5% contraction during last year’s health crisis.

Despite the crisis of the Covid-19 pandemic Cyprus’ economic policies remain the same, targeting macroeconomic and financial stability, prudent fiscal policies, and establishing a competitive, business-friendly regulatory environment of high standards, Minister of Finance Constantinos Petrides said on Thursday.

The cabinet on Wednesday approved the creation of a technical committee for the more sustainable handling of construction waste.

Cyprus’ plan of proposals to receive about €968 million of funding from the European Union Recovery and Resilience Facility – Next Generation EU were submitted before the Commission late on Tuesday.

A second lockdown in January saw economic sentiment in Cyprus deteriorate with confidence shaken by the closure of non-essential shops and businesses.

The council of ministers on Wednesday approved a plan by the deputy ministry of tourism aimed at boosting rural and mountain tourism.