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151. Government announces a reduction of VAT for vulnerable households

Cabinet Ministers today announced the reduction of VAT charged to electricity bills of vulnerable households. ...

152. Government subsidies to replace electrical appliances in homes

The Ministry of Energy, Trade and Industry is in the process of preparing a Sponsorship Plan for the replacement of electrical appliances in the homes of vulnerable electricity consumers, following and announcement made by Minister Natasa Pilides. ...

153. Less red tape for asylum seekers but no new options

Labor minister Zeta Emilianidou says her office has simplified paperwork for the hiring of asylum seekers, but the country's chamber of commerce says cutting red tape and shuffling less paper does not solve staff shortages in fields that are still inaccessible to those applicants...

154. Bicycle subsidies for Cyprus

The Ministry of Transport, Communications and Works announces that on November 1, 2021 it will launch the first electronic platform through which citizens can apply for a subsidy to purchase a new non-electric bicycle....

155. Why Europeans are facing a 'heavy winter'

Europe 's households are facing much higher energy bills in winter due to rising global energy and gas prices, and consumer organizations have warned that the most vulnerable could be hit by energy poverty....

156. Cyprus targets young adults with alms for jabs

The Cypriot government is expected soon to announce incentives that would encourage young people to get vaccinated, while subsidized hotel stays for those who got the jab begin later this week...

157. Cyprus raises bar for sake of normality

The President’s Cabinet in the Republic of Cyprus has added a few finishing touches on its latest Safe Pass measures as daily COVID cases continue to rise, with the government allowing more flexibility for businesses willing to cater to people who are vaccinated...

158. Cyprus wages battle for air connectivity

Two Cypriot ministers have joined forces this week to call on the EU’s Competition commissioner to allow more state subsidies for airlines amid the pandemic, citing improvements in scheme criteria but also the remoteness of the island...

159. Ferry link hopes end with a whimper

Shipping transport companies remained unconvinced over Cyprus’ effort to revive and subsidize a ferry link with Greece, with the government going back to the drawing board after no bidders came forward by Friday’s deadline...

160. 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....

161. Cyprus remains an attractive investment destination

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

162. Government unleashes new bundle of support measures

Along with the new restrictions imposed to curb the recent spike in coronavirus cases, the labour minister Zeta Emilianidou said Thursday that the Cyprus government agreed on a new batch of support measures budgeted between 130 and 150 million euros....

163. Cyprus records deficit of €800 million in Q2

Cyprus General Government posted a deficit of €800 million in the period of April – June 2020 compared to a surplus of €140 million in the respective period of last year, according to data released today by the Cyprus Statistical Service (Cystat)....

164. EY Attractiveness Survey Cyprus 2020

EY Attractiveness Survey Cyprus 2020: Investors are optimistic about the country’s attractiveness over the coming years, but state that there is room for improvement...

165. Nicosia mayor weighs in on migrant housing

Nicosia Mayor Constantinos Yiorkadjis has suggested asylum applicants be barred from residing downtown until their applications are adjudicated, while also calling on the government for a 'clearer housing policy'...

166. A second lockdown would be a grim financial equation

With the rise in coronavirus cases which are mainly located within the local community and not just at the country’s points of entry, whispers of a second lockdown looming have resumed....

167. Tourism prospects completely lost, Famagusta hoteliers say

All tourism prospects for this year are definitively lost, the Famagusta branch of the Cyprus Hotel Association claimed after a meeting between its board of directors and the president of ruling party Disy Averof Neophytou....

168. Cypriot minister rides bicycle boom wave

Bicycle commuting conditions around town may not be ideal in Cyprus but a minister is on a mission to change that, with reports saying a proposal may soon reach the Cabinet...

169. Special needs home has close call with fire

Thirteen people were evacuated on Tuesday during a fire at a special needs residential facility in Larnaca, with officials saying a slight delay from first responders could have been deadly...

170. President unveils new stimulus package

President Nicos Anastasiades announced on Wednesday a new set of measures to support tourism, businesses, and the self-employed workers that took a hit in the coronavirus pandemic...

171. Evidence destroyed in Edek probe

A political party in the Republic of Cyprus is at the centre of a new investigation into possible obstruction of justice, after it emerged that important evidence into an ongoing probe had been destroyed...

172. ‘Queen Elizabeth’ applies for state subsidy

Labour office employees have been swamped with applications for wage subsidies due to the coronavirus pandemic, including one case under the name of “Queen Elizabeth"...

173. Cyprus stays put beyond Easter

Church and state got behind scientists this week in the Republic of Cyprus, with the government extending measures beyond Easter to stop the spread of Covid-19 despite partial data suggesting a flattening of the curve...

174. Greek PM meets with five EU leaders over bloc's budget

Greek Prime Minister Kyriakos Mitsotakis held talks in Brussels on Friday with the leaders of Germany Angela Merkel, France Emmanuel Macron, Spain Pedro Sanchez, Italy Giuseppe Conte and Portugal Antonio Costa in a bid to break a deadlock in negotiations for the European Union’s 2021-2027 budget....

175. EDEK party shrinks as turmoil escalates over ousted MEP

After the dramatic ousting of MEP Demetris Papadakis from socialist party Edek on Monday, the party continued to shrink throughout the week with the resignation of ten party members by Friday....

176. DP World Limassol agrees to revise policy

Transport Minister Yiannis Karousos has been promised a change of policy at DP World Limassol, with the company saying it would service more than two cruise ships in a given day following complaints...

177. Renewable power is only part of the solution to meet net-zero targets

178. Cyprus fiscal surplus at 4.3% of GDP

Cyprus general government surplus was at 4.3% of GDP in the first eight months of 2019, mainly due to the increase in social contributions and revenue from taxes, according to the preliminary General Government fiscal results for the period of January-August 2019 released Friday by the Statistical Service of Cyprus. ...

179. House looks at state salaries for clergy

State salaries for the clergy are back in the news as a House finance committee is looking for ways to amend an outdated agreement with the Church dating back to 1971...

180. Halloumi exports reached 29 thousand tons in 2018

Halloumi exports reached 29,000 tons in 2018, acting permanent secretary of Agriculture Ministry Andreas Louca has said. ...