Up until the 1960s, the economy of Cyprus was largely agricultural. However, by 1980, the economy had been transformed, with manufacturing responsible for 20% of GDP.

In the first months of 2020, André Zein determined to move his digital banking company TechnOrion from Metn, Lebanon, where conditions were becoming untenable.

Cyprus is becoming an international regional center of university education, Minister of Education, Prodromos Prodromou has said.

In 2020, Ιnternet access in Cyprus’ households increased and reached 92.8% compared to 89.6% in 2019, according to data released Friday by the Statistical Service of Cyprus.

Cyprus took delivery Saturday of a pair of medical freezers that will store the first batch of coronavirus vaccines from Pfizer-BioNTech, with the vaccination expected to commence on December 27, in line with a pan-European programme.

Airport officials in the Republic of Cyprus are telling passengers arriving from the United Kingdom to self-isolate, following a new emergency guideline after countries on the weekend banned UK flights altogether amid fears of a new strain of coronavirus.

Cyprus is expected to start Covid-19 vaccinations on December 27, the health minister Constnantinos Ioannou said on Thursday.

Tourist arrivals in Cyprus dropped by an annual 94.7% in November with arrivals for the period of January – November 2020 registering a reduction of 84% due to the coronavirus pandemic.

Inflation in Cyprus remained in negative territory for the eighth consecutive month, with the Consumer Price Index in November declining by an annual 1.1%, data released by the Statistical Service of Cyprus (Cystat) show.

PwC has issued a digital and green blueprint to restarting Cyprus’ battered economy following the coronavirus crisis and lockdown measures causing severe financial trauma.