The Paphos regional tourism board (Etap) this week announced that the district’s preparations in light of the upcoming tourist summer season are well underway, with more than 90 per cent of all beds already being available to visitors.

Cyprus’ financial watchdog, the Cyprus Securities and Exchange Commission (CySEC), is participating in the annual Global Money Week (GMW2023) campaign, aimed at raising awareness of the importance of financial education, particularly for young people.

For the third successive year Elias Neocleous & Co has been listed by Chambers and Partners as a top law firm in Cyprus for general business law. Also ranked individually, for the 17th time, is Managing Partner, Elias Neocleous.

New online tax payment system Tax For All will launch on March 27, replacing Taxisnet, the tax department said on Monday.

Tourist arrivals in Cyprus increased by 65.6 per cent year-on-year in February 2023, reaching 119,081 visitors, up from 71,921 during the same month of the previous year, according to a report released on Friday by the Cyprus Statistical Service.

Director General of the Deputy Ministry of Research, Innovation and Digital Policy, Stelios Himonas this week said that Cyprus is focusing on digital skills and access to Gigabit connectivity, stressing that support for innovation and entrepreneurship is crucial for the digital transition.

The Synthesis Centre for Research and Innovation announced this week that is proceeding with the launch of the Cyprus Forum for Social Innovation, which is expected to help promote social innovation and social entrepreneurship in Cyprus.

According to preliminary data from the Cyprus Statistical Service (Cystat), the trade deficit in Cyprus increased significantly in January 2023, as imports increased more than three times the increase in exports.

According to preliminary data from the Cyprus Statistical Service (Cystat), the trade deficit in Cyprus increased significantly in January 2023, as imports increased more than three times the increase in exports.

International rating agency Fitch, has upgraded Cyprus’ long-term credit rating by one notch to ‘BBB’ with a stable outlook citing, outperformance of fiscal balance and growth rate as the economy showed resilience from the external shock caused by the war in Ukraine.