Amid an environment filled with challenges resulting from the COVID-19 pandemic, the need to support entrepreneurship as a basic tool for economic recovery seems more imperative than ever. PwC has always supported the local community, as well as initiatives aimed at reinforcing youth entrepreneurship and innovation, through strategic collaborations with organisations such as Junior Achievement and Chrysalis LEAP.

The opening of Cyprus airports is set to enter phase two on Saturday, when passengers arriving from countries listed in category A by the Health Ministry will not need to present proof of a negative coronavirus test, but will be subjected to a mandatory rapid test upon arrival.

The new company that will be operating the island’s public transport system from July 5 announced on Friday that 220 buses comprising part of their fleet, have already arrived in Cyprus.

For the medical profession, one of the issues arising in responding to the novel coronavirus outbreak is the need to communicate medical data rapidly while maintaining data security.

Non-performing exposures (NPEs) recorded a slight increase in January over the previous month, attributed to the end-of year capitalised interest.

The European Bank for Reconstruction and Development (EBRD) has doubled its trade finance limit to the Bank of Cyprus to benefit businesses, including small and medium size enterprises to €100 million from €50 million.

Actual Individual Consumption (AIC – measure of material welfare of households) expressed in Purchasing Power Standards (PPS) ranged from 59% to 135% of the EU average across the 27 Member States, according to data released today by Eurostat.

Republic of Cyprus Interior Minister Nikos Nouris is urgently seeking a constitutional amendment to shorten the time of due process for asylum applicants, calling a set of government-sponsored bills a “holistic approach” to immigration during a press conference on Thursday.

Tus Airways has asked for €15 million in state support in the form of either a loan or guarantees in order to create a strong Cypriot airline, Petros Theocharides reports for Phileleftheros.

A total of 985 COVID-19 cases and 25 deaths have been reported in the Republic of Cyprus until June 16, with the fatality rate standing at 2.5%, according to the national surveillance report on COVID-19 published on Thursday.