Cyprus investment fund assets rise 48.7%

Τhe Investment Funds sector in Cyprus was significantly strengthened in 2021, with managed assets increasing 48.7%, even though the consequences of the pandemic and uncertainty continued. According to the Cyprus Investment Funds

Car scrappage scheme oversubscribed 10-fold

More than 3,000 motorists jumped at the opportunity for a state grant to replace their old banger with an eco-friendlier vehicle in a scrappage incentive scheme. The first phase of a €15

Turkish Cypriot civil society granted €2.5 mln

The European Commission issued 12 grants worth €2.5 mln to support Turkish Cypriot civil society organisations in promoting EU values and creating a fertile environment for dialogue and cooperation with Greek Cypriots.

COVID19: EU approves fifth vaccine

The European Union’s drug regulator on Monday approved the Covid-19 vaccine from US-based Novavax in people over 18, paving the way for a fifth coronavirus shot as the Omicron variant takes hold.

New low for shaky Turkish Lira

The Turkish Lira has reached another record low, as President Recep Tayyip Erdogan refers to Islamic usury doctrine to defend his insistence on his unorthodox low-rates policy. The currency, which has lost

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Cyprus to get tough after road deaths

Authorities are reviewing extra measures to reduce the high death toll on the island’s roads, just hours after two people died in two separate road accidents on Sunday. Transport Minister Yiannis Karousos