Bounced cheques issued in August amounted to €75,840 marking an increase of 72% compared with the previous month, data released by the Central Bank of Cyprus (CBC) today show.

Seven categories of self-employed persons whose jobs have been affected by the coronavirus pandemic will now be able to apply for a special subsidy.

Cyprus maintains lead position among European Investment Bank (EIB) shareholder countries in 2020 with agreements for projects worth 1.5% of GDP, Finance Minister Constantinos Petrides said.

Coronavirus fear has forced many to cancel tourism plans this summer but those who dared come over to Cyprus after the reopening of airports were mainly from Greece, Germany, Poland, Switzerland, Denmark and Austria, Philenews reports.

British tour and flight operator TUI is resuming flights to Cyprus with 11 flights arriving just this weekend.

Standard & Poor’s latest credit rating for Cyprus is a confirmation of the rational management of the economy and public finances by the Government despite the negative consequences of the Covid-19 pandemic.

Incentives, in the form of government grants, of the order of €700,000 will be offered to entrepreneurs who wish to operate or transfer their business activities to areas within the walls of Nicosia.

Cyprus is to get €479,070,000 from the European Union to tackle unemployment during the coronavirus pandemic, the finance ministry said on Friday.

Cyprus pharmaceuticals are probably the country’s biggest kept secret as the industry was responsible for almost a third of all exports in the first five months of 2020 while increasing year-on-year.

The Cyprus Parliament on Friday amended the constitution to allow for a slashing of the time in which appeals can be filed against decisions of the asylum service from 75 days to 15 days.