Cyprus had its worst year for tourist arrivals as the island’s airports recorded an 80% overall drop in passenger traffic in 2020, a direct result of the pandemic and travel restrictions to control it.

The revised state budget for 2021 is ready while Finance Ministry staff are reviewing the final touches on measures to support the economy and businesses affected by the measures to contain the Covid-19 pandemic, reliable sources have told CNA.

Registered unemployed in Cyprus spiked 32% (8,097) in 2020 compared to 2019 due to parts of the economy being shut down during the pandemic, according to official data released Thursday.

EY Cyprus is pleased to share the latest Cyprus Tax Facts guide – in English – which provides a straight-forward, holistic summary of the Cyprus tax system, based on current legislation and tax practices, in relation to the fiscal year 2021.

The Mediterranean Hospital of Cyprus announced on Tuesday that it had vaccinated 100 doctors and personnel, and certified the vaccinations using the Cyprus-developed E-H Cert blockchain app.

The finance and labour ministries are working on revising the support schemes ahead of a new lockdown, expected to be announced on Friday as a means of further curbing the spread of coronavirus.

A total of 3,901 citizens were vaccinated against COVID-19 from December 27 until today, the health ministry announced on Wednesday.

The former municipal market in old Nicosia is to be refurbished at a cost of €4.92 million plus VAT and operate as a research and innovation centre. 

Total new loans recorded a decrease to €263.3 million in November 2020, compared with €281.4 million in the previous month, according to data released Tuesday by the Central Bank of Cyprus (CBC). The developments include contracts which were renegotiated.

Bounced cheques in the Cyprus Central Bank preliminary Information Register reached last year reached its lowest level since 2003 while for the first time their total value was under a million.