Cyprus’ public debt declined to €24.18 billion at the end of June 2022, marking a 3.1% reduction compared with the respective period of last year, according to the latest available data.

Several Cypriot businesses and research institutions have secured funding for seven projects from the European Defence Fund (EDF) proposed in 2021, the Ministry of Defence has said.

An Erasmus+ research project aiming to enhance water security and socio-economic development in the Eastern Mediterranean under climate change comes to an end this month.

The Cyprus Institute has announced its role as a scientific coordinator in the Limassol municipality’s participation in an EU mission to become a climate-neutral and smart city by 2030.

Commercial flights within the European Union decreased by 15% in July 2022 compared with July 2019, the summer before the pandemic, according to data released by Eurostat, the statistical service of the EU.

A new Bank of Cyprus Mobile App feature that makes cheque deposits easier and faster and saves clients the trouble of going to the Bank is becoming quite popular, Philenews reports.

Cypriot motorists have got a respite from rising pump prices, as petrol and diesel fell by 17 and 11 cents per litre, respectively, compared to a month ago, as crude oil is selling at its lowest price since the Ukraine war.

The above article authored by Senior Associate, Xenia Kalogirou, has been featured in the International Financial Law Review. In the article Xenia discusses the liquidity management tools used in collective investment schemes in Cyprus and the EU Commission’s proposals to amend AIFMD and the UCITS Directive.

The reconstruction of the Zachouri mosque square in Larnaca will finish by the end of coming September as the project is currently entering its final phase, the Cyprus News Agency reported on Thursday.

Consumers are warned that a third wave of high prices is on the way – this time on milk and dairy products.