Monthly earnings of employees in Cyprus were up by 3.3% in the first quarter of this year on an annual basis, provisional data released by the Cyprus Statistical Service on Monday shows.

Cypriots’ increased use of internet banking during the pandemic appears to be here to stay, particularly because Cyprus banks are gearing up their online banking offers.

The Hellenic Bank posted €2.2 million loss after tax for the first quarter of 2020, with the bank affected negatively by increased provisions due to the Covid-19.

Finance minister Constantinos Petrides announced the launch of the implementation of three measures, under the government support program, to address the consequences of the coronavirus pandemic.

Fuel sales returned to a recovery path in May when the easing of lockdown measures began in Cyprus.

European Bank for Reconstruction and Development (EBRD) gave the green light for €80 million funding to the Natural Gas Infrastructure Company of Cyprus (ETYFA). The Loan Facility will be covering the construction of the Liquefied Natural Gas (LNG) Import Terminal in Cyprus. The financing is of a 20-year duration.

A tenders bid concerning a study aimed at increasing sustainable tourism to the areas of Polis Chrysochous and Tillyria and creating a tourist identity has been launched.

Cypriot authorities dropped Bulgaria to category B, that includes countries of low-risk but relatively more concern in terms of coronavirus compared to those in the first category.

The Environmental Authority has given the green light for the development of a multi-purpose urban park in Ayia Napa at a cost of €2.4 million that will include a botanical garden and a mosaics park, Phileleftheros reports.

President Nicos Anastasiades has increased his women ministers in a mini-cabinet reshuffle after appointing lawyer Emily Yiolitis as the new Justice Minister, Natasa Pilides takes over the key Energy Ministry.