Tourist traffic in Cyprus, so far, has reached 75% of 2019, Deputy Minister of Tourism Savvas Perdios said on Thursday, adding that many more tourists from other markets such as Germany, Switzerland, France and Greece choose Cyprus as their destination.

Cyprus allocated €103 per person to research and development in 2021, less than half the €244 averaged in the EU27, according to data on government budget allocations for R&D published by Eurostat.

Unemployment in Cyprus decreased by 25.4% in July 2022, compared to the same month of 2021.

The European Commission has announced it will fund new projects costing €171 million to support migrant reception, asylum and return systems in Cyprus, Italy, Spain, Greece, and Poland.

Fuel prices increased by 58.2% from January 2022 to July 2022, according to data published by the Cyprus Consumers Association, while many and large increases are noted in many goods and services, as recorded after the publication of the Price Index Consumer from the Statistical Service.

The Central Bank of Cyprus (CBC) has signed the European System of Central Banks (ESCB) equality, diversity, and inclusion Charter.

International rating agency S&P Global Ratings this week announced that it has affirmed its ‘B+/B’ long- and short-term issuer credit ratings for the Bank of Cyprus, maintaining a positive outlook.

Power Energy Cyprus (PEC) on Tuesday announced that it has signed a loan agreement worth €120 million for the completion of their power plant in Mari-Vassilikos.

Limassol Municipality has set high goals towards achieving climate neutrality by selecting to join the EU Mission for climate-neutral and smart cities by 2030.

Price increases in Cyprus are likely to become permanent as the Ukraine war persists, warned rating agency Moody’s.