In June 2020, the fourth month during which Covid-19 containment measures are being applied in most Member States, industrial producer prices rose, compared with May 2020, by 0.7% in both the euro area and EU, 1.5% in Greece and by 0.4% in Cyprus, according to estimates from Eurostat, the statistical office of the European Union.

Some 200,000 passengers have passed through the gates of Cyprus’ two airports in July, according to Hermes, the operator of Larnaca and Paphos international airports.

Cyprus on Tuesday issued an updated epidemiological risk-based classification of countries, including three amendments as regards Greece, Thailand and Morocco. The new classification will come into effect on August 6.

As part of Invest Cyprus wider efforts for regional synergies, the organization has established bilateral and trilateral relations with neighboring countries. In this context, Invest Cyprus participated in the digital conference titled “Reviving Tourism in Times of Crisis”, organized by the Investment Development Authority of Lebanon (IDAL).

The long-awaited €1.2 billion redevelopment of Larnaca port and its marina got the final green light Monday after the Transport Ministry sent a ‘Successful Tenderer Letter’ to the chosen consortium after protracted negotiations.

Cyprus Deputy Shipping Minister Vasilis Demetriades has stressed the need to support the Cyprus shipping sector that has been hit due to the Covid-19 pandemic, noting that cruise and passenger ships do not operate due to the current situation.

Crucial negotiations on the avoidance of double taxation between Cyprus and Russia are scheduled for August 10 and 11, and will be headed by Minister of Finance Constantinos Petrides.

A broad meeting on Monday chaired by transport minister Yiannis Karousos agreed on the need to take action to prevent congestion at Cyprus airports, after viral photos of passengers crammed into each other at the Larnaca airport caused intense public reaction over the health and safety measures being implemented.

Parliament has passed a bill to regulate the prescription, distribution, and availability of medical cannabis.

As from Thursday, Greece will be included in category B of countries whose travellers need to provide negative coronavirus tests upon arrival to Cyprus.