“Traffic will bounce back, it’s a matter of time” predicts Hermes Airports CEO Eleni Kaloyirou. “And growing traffic at Larnaka and Pafos airports is a key element of our strategy,” she told the Cyprus Mail in an interview.

After Cyprus, Greece and Israel, Italy is set to sign the EastMed project agreement which is expected to alter the landscape of gas resources and routes in the eastern Mediterranean.

Cyprus’ Industrial Turnover Index fell by almost 20% in May 2020 compared to May 2019. It was affected by measures to curb the spread of the coronavirus pandemic.

To cope with COVID-19, Nicosia has borrowed more than €3.5 billion this year from international markets through bond issues bought by the European Central Bank and the Central Bank of Cyprus through the public sector asset purchase programs (PSPP) and Extraordinary Pandemic Bond Purchase Program (PEPP).

With schools in Cyprus due to to open on September 7, the Education Ministry in Cyprus is considering a combination of teaching with both physical presence at schools as well as distance learning programmes.

The Covid-19 pandemic has decimated the Cyprus tourist industry with tourist arrivals in July registering an annual decline of 88.2%, the statistical service said on Wednesday.

Cyprus has issued the final building permit for the Egypt-Cyprus electricity interconnection EuroAfrica Interconnector, it was announced on Wednesday.

The Residential Property Price Index (RPPI) for the first quarter showed signs of slowing down due to the stricter criteria imposed on the Cyprus Investment Programme and uncertainty created by the coronavirus pandemic.

Meat prices in Cyprus are below the EU average, a Eurostat report published on Tuesday showed.

Cyprus health officials, in line with other European countries, plan an even greater push for flu vaccination this year to prevent hospitalisations and further strain on health systems already burdened by Covid-19.