Average gross salaries stood at €1,938 a month in 2018, a 2.5% increase over the previous year’s average of €1,891 according to figures published by the Cyprus Statistical Office.

A total of 1,235 families have benefited from the state’s ‘baby dowry’ scheme since it was introduced in December 2017, the labour ministry announced on Monday.

Despite citing regulatory and geopolitical uncertainty as the greatest external risks to growth, 58% of technology, media & entertainment and telecoms (TMT) executives expect to actively pursue mergers and acquisitions (M&A) in the next 12 months – up from 42% a year ago. This is according to the latest edition of the EY Global Capital Confidence Barometer (CCB), which also finds that 63% of global TMT executives expect to see more megadeals (US$10b+) in the next 12 months.

The number of shipping companies under the Cypriot tonnage tax system is on the rise over the past decade, according to a report accompanying a draft bill recently sent to Parliament.

While deposit rates are hitting rock bottom, with some banks even applying negative interest rates on large deposits, Cyprus Insurance Investment Funds may offer investors a way out.

Two budget airlines, Whizz Air and RyanAir, have announced direct flights from Cyprus to the capital of Armenia, Yerevan – taking off in summer 2020.

The House plenary session on Friday approved the creation of a deputy ministry for research, innovation and digital strategy, to be launched on March 1.

Parliament on Friday narrowly voted in favour of a €60 million government guarantee to a private company overseeing the building of a 50MW solar power farm.

This year, bids are bids are expected to be launched for a slew of projects in the Paphos area, Transport and Public Works Minister Yiannis Karousos announced.

After losing the “Halloumi” trademark last May (failing to act on a cancellation application in a British court filed by a British company), Cypriot Minister of Energy, Commerce and Industry Yiorgos Lakkotrypis announced early this week that Cyprus has successfully registered the “Halloumi” trademark in the UK Intellectual Property Office, correcting a very big mistake made by the Ministry.