A huge undertaking in Cyprus’ medical industry has been announced, with a local company saying they reached an agreement with Israel’s Hadassah Medical to set up a network of hospitals offering diagnostic, rehabilitative, and assisted living care on the island.

Dr Nikolas Dietis, Assistant Professor of Pharmacology at the Medical School, University of Cyprus, said that most probably vaccinations against COVID-19 will begin in February 2021 and priority will be given to special groups of the population.

Larnaca Airport was highly commended by the Airports Council International (ACI Europe), in the category 5-10 million passengers at the Best Airport Awards 2020.

Russian low-cost carrier Pobeda, a subsidiary of the Aeroflot Group, announced it will resume a weekly flight connecting Larnaca with Moscow from December 4.

Labour Minister Zeta Emilianidou welcomed Wednesday the disbursal of €250 million through the European Commission’s SURE programme, which she said proved that the government’s handling of the fallout from the virus crisis was correct.

The European Commission on Wednesday approved a €22 million loan to Hermes Airports, operator of the  Larnaca and Paphos airports, as an aid after the challenges caused by the ongoing coronavirus pandemic.

The European Commission said Wednesday that Cyprus continues to face excessive macroeconomic imbalances, particularly in view of the country’s very high percentage of non-performing loans that continue to plague the financial sector, but also in light of high private sector, government, and external debt.

The Tax Department in Cyprus has recently released a guide on the amendments to the Assessment and Collection of Taxes Law (L.4/1978) in relation to tax registration and reporting, filing of income tax returns and employer’s returns, capital statements, auditing obligations, tax payments and compliance, card payments and tax lottery.

Cyprus has the second highest proportion of graduates in business, administration and law among EU member states, according to a Eurostat report published on the occasion of the International Day of Students.

The European Commission on Tuesday disbursed €14 billion to nine EU countries, including Cyprus, in the second instalment of financial support to Member States under the SURE instrument.