Search

121. Cyprus rolls out ‘jab discount’ for hotel stays

Lodging businesses in the Republic of Cyprus have until Friday to apply for a state subsidy that would partially fund hotel stays for vacationers who got the vaccine or the state has a record of their recovery from COVID...

122. Cyprus opens goody bag for the vaccinated

The President’s Cabinet in the Republic of Cyprus decided on Friday to subsidize summer vacations for citizens who are vaccinated, following the approval of a number of incentives and counterincentives aimed to boost vaccination rates on the island as daily cases now exceed 500...

123. IMF: Withdrawal of support measures should be gradual

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities from March 8–29, 2021 to discuss recent economic developments and policy priorities on the island. In an interview with Kathimerini Cyprus, IMF mission chief for Cyprus, Anita Tuladhar, said the longer the recovery period in sectors related to tourism, the greater the chance that permanent scars will remain in the economy of Cyprus. Tuladhar also noted the importance of state-sponsored programs to support the economy....

124. Traditional Cypriot restaurants to get state boost

Deputy Tourism Minister Savvas Perdios announced on Wednesday that the Cabinet had approved a special grant scheme of the order of 420,000 euros in support of restaurants offering Cypriot cuisine, in a bid to help improve the image of traditional local gastronomy....

125. 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...

126. Travel categories of SMS system that returns Sunday

The SMS system that Cyprus was happy to be rid of in late spring last year will be returning on Sunday as the island grapples with the rampant spread of coronavirus that has left the healthcare system increasingly burdened....

127. Britain and EU publish Brexit trade agreement

Britain and the European Union on Saturday published the text of a narrow trade agreement just five days before the United Kingdom exits one of the world’s biggest trading blocs in its most momentous global shift since the loss of empire ...

128. Cyprus remains an attractive investment destination

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

129. Support schemes added to fight lockdown consequences

Alongside the tough restriction measures that came into effect on Thursday, additional support schemes were announced by the ministers of finance and labour in a bid to cushion the inevitable economic blow....

130. Deputy tourism ministry to subsidise beach revamp projects

The Cyprus deputy tourism ministry announced on Monday a subsidy scheme to encourage projects that will upgrade Cyprus beaches, in the framework of the implementation of the 2030 national strategy for tourism and efforts to upgrade the island’s tourism product....

131. Cyprus-Piraeus ferry connection by May 2021 viable

The goal of launching the Cyprus-Greece ferry connection in May 2021 is on track, the Cyprus deputy shipping minister Vasilis Demetriades said Tuesday....

132. Cyprus domestic tourism scheme to launch in September

The Cyprus deputy tourism ministry announced Monday that a new government scheme aiming to boost domestic tourism is set to be launched in September....

133. 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...

134. EU gives go-ahead for Cyprus-Greece ferry connection subsidy

Cyprus’ outgoing Deputy Shipping Minister Natasa Pilides said on Monday that the goal to establish a ferry connection between Cyprus and Greece is moving forward, noting that following consultations which began a year ago, the EU Competition Directorate-General has approved a state subsidy for the project valued of at a maximum of €6 million per year....

135. All set for implementation of new support measures, FinMin says

Finance minister Constantinos Petrides announced the launch of the implementation of three measures, under the government support program, to address the consequences of the coronavirus pandemic....

136. Five new support schemes announced as Cyprus enters recovery stage

The five new economic support measures budgeted at 150 million euros that aim to cushion the blow of the coronavirus pandemic as Cyprus enters the stage of recovery were submitted before the cabinet on Tuesday....

137. New scheme to subsidize airlines conducting flights with low occupancy

Transport minister Yiannis Karousos on Wednesday announced a new scheme that will support airlines in view of stimulating passenger traffic....

138. Market sentiment looking up, FinMin says

Market sentiment is looking up, Finance Minister Constantinos Petrides said Tuesday after a broad meeting at the Presidential Palace between President Nicos Anastasiades and representatives of financial institutions....

139. Lawmakers to vote on budget for new support measures

The Finance Ministry will be seeking lawmakers’ green light for the supplementary budget of €220 million involving a string of measures to keep the economy afloat after the slowdown brought about by the coronavirus pandemic. ...

140. FinMin delves into details of 'new, more targeted measures'

Finance Minister Constantinos Petrides held a press conference on Thursday to delve into the details of the new bundle of economic support measures announced by President Nicos Anastasiades in a televised national address Wednesday night....

141. 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...

142. ‘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"...

143. Financial measures tackle coronavirus in Cyprus

Measures of Financial Support to address the Impact of the Coronavirus have been announced by the Government of the Republic of Cyprus...

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

145. We work intensively on Cyprus-Greece ferry link, Shipping Deputy Minister says

Shipping Deputy Minister Natasa Pilides has said that Ministry staff is working feverishly on the proposal to be presented to the European Commission regarding a ferry connection between Cyprus and Greece which is expected to be operational by the upcoming summer season....

146. Estia scheme kicks in for eligible borrowers

The Estia plan aimed at boosting borrowers’ ability to repay their defaulted loans went into effect on Monday, as the Cypriot government embarks on a scheme to subsidize repayments of restructured loans...

147. EY: Renewable energy is taking strides towards a subsidy-free era

The renewable energy sector is entering a new phase of subsidy-free growth across the world, according to the 53rd EY Renewable Energy Country Attractiveness Index (RECAI). Mainland China and the US remain at first and second positions respectively on the top 40 ranking, while France moves up two positions to third from fifth, led by a new focus on floating offshore wind capacity and doubling of its annual targets for onshore wind capacity additions...

148. Cyprus pushes for ferry link with Greece

The government is looking for ferry links to Greece as cheaper alternatives to costly flights, with the shipping deputy minister hoping there will be a weekly connection by next summer...

149. Cyprus 'one of the success stories of ESM'

150. New plan to subsidise home solar systems

Home owners who install residential solar power systems will be eligible for state subsidies up to €1000, according to a government plan approved by the Cabinet on Thursday...