Headline inflation in Cyprus has been substantially revised up in September by 1.3 percentage points to 8.1% for 2022, the Central Bank of Cyprus Governor said on Tuesday.

Consequences of geopolitical events to the economy and banking sector have been contained, but the second-round effects are unknown, said Cyprus Central Bank governor Constantinos Herodotou.

Olias Homes Ltd has secured the approval of the Environmental Authority for residential development in an area near the hills of the Sea Caves and the forest in Pegeia, Paphos.

Job vacancies in the Cypriot labor market rose by 3,716 or by 50.2% in the second quarter of 2022 with the job vacancy rate amounting to 2.7%.

Hellenic Bank will terminate negative interest rates on non-household euro accounts, it said in an announcement on Tuesday.

The fast-track licensing – town planning and building permits – has proven immensely successful and there will now be an overhaul for larger projects too, Interior Minister Nicos Nouris said on Monday.

The Larnaca Municipality is scheduling big projects and repairs to revive the historic centre of the city, where many shops have closed down.

The Larnaca Marina will open to the public at the end of October, Phileleftheros reported on Tuesday.

The Paphos Regional Board of Tourism has noted that several hotels in the District of Paphos will remain open in the winter period from November 2022 to March 2023.

More than six million travellers have used Cyprus’ airports in 2022, data released by Hermes Airports show.