As part of its reform agenda, Cyprus will establish a Deputy Ministry of Innovation and Digital Policy in 2020 following the cabinet’s decision to approve a bill to be tabled before parliament.

An annual decline of 16.7% was registered in the number of unemployed people, according to the latest figures released by the Statistical Service.

Berlin-based Delivery Hero, one of the biggest online food ordering and delivery marketplaces in the world, has made a small acquisition in Cyprus to expand its footprint.

President Nicos Anastasiades on Tuesday awarded Medals of Excellence for Service to the Republic to three prominent men as a sign of recognition and appreciation for their valuable contribution to the country.

KEDIPES – the asset management state company formed to undertake the non-performing loans of the collapsed Co-operative Bank of Cyprus – is to get rid of its 49% stake in Altamira Asset Management (Cyprus) Ltd, according to informed sources.

The Central Bank of Cyprus has released the statistics on interest rates applied by monetary financial institutions in Cyprus on deposits and loans in euro, as well as data regarding volumes (amounts) of new euro denominated loans for the reference month of July 2019.

Cyprus-based Eurobank posted improved net profits in H1 2019 of €24.2m slightly up from €24.1m in the same six-month period last year.

Cyprus Airways recently announced a three-day offer with discounts of up to 46% on all destinations.

Cypriots spend 89% of their travel expenditure on trips abroad, much more than the average European, who spends 56% on trips abroad and 44% on domestic vacations, according to recent Eurostat figures.

Τotal new loans given out by Cyprus’ banks fell €90m to €249m in July 2019 compared with June’s €339.1m according to data released by the Central Bank recently.