Debt restructurings in Cyprus declined to €545 million in the first half of 2022, with loan renegotiations slowing down following a record 2021 due to the Covid-19 pandemic, and as non-performing loans ratios decline to the lowest point since the 2013 financial crisis.

The contract governing the design and construction for the land registry’s new headquarters in Nicosia was signed on Monday at the ministry of transport.

The council of real estate agents announced on Monday that its new website is up and running enabling the public to view the latest real estate listings available for purchase or rent as well as useful information on the market and on registered and licensed real estate agents.

Cyprus is heading toward a new space era now. Its vehicle is a new, autonomous, and self-sustained Centre of Excellence, namely ERATOSTHENES Centre of Excellence of the Cyprus University of Technology (TEPAK) that has been established through the ‘EXCELSIOR’, H2020 Widespread Teaming Phase 2 project.

All three people who tested positive for monkeypox are responding well to their treatment, said the Health Ministry on Monday, after the first vaccinations against the virus were carried out.

The public will be able to submit requests for unemployment benefits electronically as of the beginning of September. Initially the plan was for the service to be ready end of July, through the new government platform gov.cy, and so would the allowances for motherhood and pregnancy.

A large natural gas deposit has been discovered by ENI/Total in block six of Cyprus’ EEZ, daily Alithia and state broadcaster Cybc reported on Friday, but the energy ministry later stated drilling at the block is still in progress.

This year’s revised target of gradual recovery for the tourism industry will be attained, but staff shortages and soaring inflation pose challenges in the coming months, said the Cyprus Hotel Association’s (CHA) Philokypros Roussounides.

Brussels is promoting the idea of creating a bi-communal solar power plant that would “contribute to meet the energy needs of both communities”, European Commission President Ursula von der Leyen told the Cyprus News Agency.

All people dealing with betting and gambling will go back to school in view of the operation of a Gambling Academy in Cyprus. The operation of the Academy will be undertaken by the National Betting Authority aiming to protect players and other interested parties.