Work has started in Kokkinotrimithia on the outskirts of Nicosia on Neo Plaza, the island’s first discount village, which is expected to open its doors in 2020.

People in Cyprus consulted their doctors fewer times than their counterparts in other EU Member States according to 2017 statistics published by Eurostat on Thursday.

An amount of €120 million has so far gone back into state funds as part of repayment of government aid towards the collapsed Cyprus Co-operative bank. The repayment commitment was undertaken by KEDIPES.

The business world is changing rapidly and Cyprus has to be in alignment rather than an exhausted follower, according to analysts.

Inflation in Cyprus was 0.5% in November, up from -0.5% in October and down from 1.6% in November 2018.

An important step towards the implementation of the sustainable development plan of the Akamas national forest park has been taken, with the completion of the architectural competition for infrastructures that will be created to serve and manage visitors arriving at the park.

The licensing process for 5G wireless is proceeding as planned and as expected the platforms will be allocated to providers within the deadlines set by EU legislation.

Larnaca and Paphos airports have set a new annual passenger traffic record as they welcomed 11 million passengers for the first time.

The Cyprus branch of the UN Sustainable Development Solutions Network (SDSN) has been launched by academic institutions, it was announced on Friday.

The shadow economy in Cyprus is on the rise and certainly much higher than the European Union’s average, according to IMF’s report “Explaining the shadow economy in Europe: size, causes and policy options”.