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2221. Government announces new housing schemes and incentives

New housing schemes and incentives with an emphasis on rural areas and young people were announced on Wednesday by the government....

2222. Minister grilled over digital ID bill

Recent discussion on electronic signatures has reintroduced persistent challenges in the digital ID debate, with Cyprus’ innovation minister facing tough questions this week during a House committee hearing...

2223. Brussels concerned over Pournara refugees

The Republic of Cyprus’ handling of asylum seekers at Pournara camp remains on Brussels’ radar, with a host of different challenges raising questions over how the European Union and some member states can get on the same page without resorting to legal battles...

2224. Former AG says he cautioned over passports

The state’s former attorney general says his department had cautioned the government years ago that the country’s golden passport scheme might have been incompatible with European law, essentially contradicting the executive branch's position that nobody had said anything...

2225. Archbishop will restore demolished houses, DISY Councillor says

Attorney General Giorgos Savvides, weighed in on the commotion caused by the Archbishopric’s unlawful demolition on Monday of four listed houses adjacent of its under-construction Cathedral project in the old town of Nicosia....

2226. Cyprus unveils plan to tackle corruption

Cyprus’ fight against corruption is based on three pillars, President Anastasiades said Friday, announcing the eagerly-awaited steps the government will take in a bid to restore credibility to the Republic after its reputation was shattered by revelations of corruption through the nixed Citizenship-by-Investment Program (CIP)....

2227. Policy priorities unaffected by pandemic, FinMin says

Despite the crisis of the Covid-19 pandemic Cyprus’ economic policies remain the same, targeting macroeconomic and financial stability, prudent fiscal policies, and establishing a competitive, business-friendly regulatory environment of high standards, Minister of Finance Constantinos Petrides said on Thursday....

2228. The key to a successful investment lies in… behaviour?

2229. Officials want young people settle in Strovilia

Dherynia officials are seeking ways to have young people populate abandoned homes in Strovilia, on British Base soil, despite challenges stemming from restrictions that were somewhat eased last year...

2230. COVID-19 is adding new impetus to finance transformation

2231. Smoothening the cliff edge in EU-UK relations

The Trade and Cooperation Agreement (TCA) between the United Kingdom and the European Union came into effect on January 1, 2021, capping a tumultuous four-and-a-half-year period since the shocking result of the July 2016 Brexit referendum, in which 51.9% of the British voters voted in favor of leaving the EU. Subject to the delayed assent of the European Parliament, this UK-EU free trade agreement (FTA) extends zero-tariff and quota-free trade in goods between the two economic areas....

2232. Your gateway to global investment opportunities

In the past, having resolved to ‘save for a rainy day’ financial well being, for many, took care of itself and your life’s goal was aided by interest earned on those monies, which saw your money working for you but the equation today is not so simple...

2233. Cyprus, Portugal agree to take ties to next level

Cyprus Foreign Minister Nikos Christodoulides paid an official visit to Portugal’s capital on Thursday for a tête-à-tête with his Portuguese counterpart Augusto Santos Silva on the occasion of Portugal’s assumption of the presidency of the Council of the European Union on January 1....

2234. Cyprus won’t extradite Russian woman with MG

The Supreme Court in the Republic of Cyprus has refused to extradite a Russian woman citing her health condition, saying Moscow failed to convince local authorities that the individual would not face mistreatment if she would be extradited...

2235. Folli Follie report unveils 17-year scam

The troubled Folli Follie company’s major shareholders, the Koutsolioutsos family, reaped the benefits of a well-orchestrated fraud scheme that lasted for at least 17 years, under the nose of the supervisory authorities, generating hundreds of millions of euros in profits, according to an audit report by PricewaterhouseCoopers. ...

2236. Cyprus remains an attractive investment destination

Cyprus remains an attractive investment destination, especially among established investors ...

2237. Parliament votes state budget down

Parliament on Thursday voted the 2021 state budget down with 29 votes against and 24 in favour....

2238. Cyprus to begin vaccinations on December 27

Vaccinations in Cyprus will begin in unison with other EU member states on December 27 following approval by the European Medicines Agency (EMA)....

2239. EY Cyprus sponsors 3rd Anti-Fraud Conference

EY Cyprus has, once again, sponsored and participated in the 3rd Cyprus Anti-Fraud Conference, which was organised by IMH and the Cyprus Chapter of the Association of Certified Fraud Examiners (ACFE). The event was held online on Tuesday 15th December...

2240. Cyprus energy designs unaffected by Turkey's provations, President says

Cyprus President Nicos Anastasiades said Tuesday that that the Republic, as a sovereign and independent state and despite Turkey’s provocations, threats and illegal activities, is determined to go ahead with the implementation of its energy policy....

2241. Cyprus parliament approves legislation for social enterprises

Parliament on Thursday passed into law a bill allowing social enterprises to be set up in the Republic of Cyprus....

2242. Cyprus, Greece and Jordan to step up cooperation

Cyprus, Greece and Jordan vowed Tuesday to further enhance their trilateral cooperation, which will cover defence and security issues as well as economic and trade cooperation....

2243. Cat-and-mouse game with Turkey must stop, Michel says

A game of “cat-and-mouse” between the European Union and Turkey needs to come to an end, European Council President Charles Michel said on Friday, in reference to a dispute over natural gas resources in the Eastern Mediterranean....

2244. KPMG survey shows biodiversity-related risk remains under-reported

While it is notable that 80% of the world’s 250 largest companies now report on sustainability, biodiversity-related risk remains significantly under-reported by the global business community...

2245. Cyprus struggles to regulate lobbying

Debate on a legislation proposal that would regulate lobbying in the Republic of Cyprus will continue next year, when parliamentary elections will be in full swing, after the justice ministry introduced amendments to reconcile transparency rules with realities of politicking on the island...

2246. New court culture coming to Cyprus

The president of the Cyprus Bar Association says justice reform is in the air in the Republic of Cyprus, after proposed rules on Civil Law Procedure were submitted on Thursday to the Supreme Court in hopes to introduce a new court culture on the island...

2247. KPMG survey: companies see climate change as financial risk but disclosure quality must improve

56% of the world’s 250 largest companies (G250) now acknowledge climate change as a financial risk to their business in their corporate reporting, according to a new KPMG International survey, which also revealed that the quality of climate-related risk disclosures among these companies needs to improve...

2248. This week to define next coronavirus measures

The last week of November will be decisive, as its coronavirus figures will determine the next steps to be taken, both in terms of suggestions to be submitted by the government’s expert task force and government decisions....

2249. Restricted Christmas on the way, experts say

Coronavirus experts are mulling over plans for restrictions over Christmas, and stress that we shouldn’t expect carefree holidays....

2250. EU could pay over $10 billion for Pfizer and CureVac vaccines

The European Union could pay more than $10 billion to secure hundreds of millions of doses of the vaccine candidates being developed by Pfizer-BioNTech and CureVac, an EU official involved in the talks told Reuters....