How important is it encourage our teams to take their annual leave? It can be summed up in one sentence, rested employees are more productive employees. Taking time off can reduce stress, help prevent burnout and promote work-life balance by allowing for more time to be spent with family and friends. There are so many articles focusing on how to work better, how to get more done, and be more successful, but there is very little written about the key role played by rest, and the importance of time-out in our lives.

The president of the Association of Cyprus Tourist Enterprises (Stek) Akis Vavlitis met Energy Minister Natasa Pilides on Thursday to discuss the possibility of applying virtual net energy metering and billing to hotels.

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.