Cyprus banks have tightened credit standards in the second quarter of 2022, while net new lending demand subsided, reflecting the geopolitical tensions and the uncertainty in the global economic environment, the Central Bank of Cyprus Bank Lending Survey for the second quarter says.

Interested parties have changed their mind again when it comes to the granting of reduced VAT on the purchase of primary residences in Cyprus.

The only bi-communal Europe Direct Centre in Cyprus starts its operation in the Ledra Palace Area on September 8.

The EastMed pipeline will be fully completed by 2025, ENI Chief Operating Officer Guido Brusco said on Tuesday during an event in Milan, Italy.

Cyprus was ranked 43 out of 163 countries and last in the EU, regarding the attainment of Sustainable Development Goals (SDGs), the Cyprus Sustainable Development Solutions Network (SDSN Cyprus) said in an announcement on Friday.

Economists have come out in support of the recently agreed upon minimum wage, saying that this will benefit both low-paid workers, as well as the economy. Businesses on the other hand have expressed concern, saying that the minimum wage has been set too high.

Cypriot and foreign visitors gave a breath of life to the shops in the historic centre of Larnaca this summer.

"The government supports rural areas and their residents", Cyprus’ Transport Minister, Yiannis Karousos said on Sunday evening, stressing that in 2019 the government adopted the National Strategy for the Development of Mountain Communities, for the first time since the establishment of the Republic of Cyprus.

European Parliament President Roberta Metsola will be in Cyprus on Friday to discuss the latest gas find in the island’s exclusive economic zone (EEZ) among other issues during a packed schedule that includes meeting President Nicos Anastasiades, and addressing parliament.

Finance Minister Constantinos Petrides on Saturday welcomed Cyprus’ upgrading by American credit rating agency S&P, which has revised the country’s credit rating from BBB-/A3 to BBB/A2 with a stable outlook.