Cyprus’ Transport Ministry is directing its energy to restore the island’s air connectivity as annual passenger traffic drops by 80% due to the coronavirus containment measures.

Euro area annual inflation is expected to be -0.3% in September 2020, down from -0.2% in August according to a flash estimate from Eurostat, the statistical office of the European Union.

Fitch Ratings has affirmed Cyprus' Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-' with a Stable Outlook.

We are delighted to announce that ‘World Tax 2021’, the International Tax Review’s comprehensive guide to the world’s leading tax advisory firms has once more rated our Tax Advisory Team as ‘Tier 1’.  The team’s work in areas of tax controversy has been specifically praised.  Additionally, at the individual level, Managing Partner, Elias Neocleous, has been recognised as a ‘Tax Leader’ in Cyprus.

For the second time in 10 years, Cyprus is expected to make pivotal decisions and create a credible and EU-accepted road map to bring the Cyprus economy to the new era. An era which implements sustainable investments and the introduction of digital transformation.

The Index of Industrial Production for July 2020 reached 144.2 units (base 2015=100), recording a decrease of 5.4% compared to July 2019.

Cyprus has been ranked 44th out of 60 destinations for sustainability and the environment, expats have voted.

The Larnaca tourism board made a move to promote diving tourism on Wednesday, presenting shipwrecks at the bottom of the sea in a newly-released video.

Cyprus’ Health Minister Constantinos Ioannou has said that the discipline and resolve the Cypriot people have proven they have in implementing measures and protocols are the best weapons in our disposal to prevent a surge of the COVID-19 pandemic.

Wind-E, a portable wind turbine that transforms wind into energy to charge small electronic devices, will represent Cyprus in this year’s ClimateLaunchpad Global Grand Final that will take place on 30 September and on the 1-2 October.