Cyprus unveils new foreign business strategy

The government has presented its new strategy to attract companies, emphasising high-tech, research and innovation. Implementation of the strategy is expected to start from January 2022. During a presentation at the Presidential

COVID19: One death as cases dip below 100

Cyprus reported one coronavirus death on Sunday, while new cases dipped below 100 to 99 and hospitalisation rates increased to 55. The Health Ministry said in its daily Covid bulletin that a

Wrong-way to keep costs down

There is a love-hate relationship between the government and the business community. On the one hand, the government needs business to pay taxes and contribute to national growth to maintain its payroll;

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COVID19: Two deaths as cases dip

Cyprus reported two coronavirus deaths on Saturday after four days without any COVID fatalities, while new cases and hospitalisation rates dropped. The Health Ministry said in its daily Covid bulletin that the

Cyprus to revoke 45 golden passports

The government has decided to revoke the citizenship of 45 dubious investors who obtained a Cyprus passport through the disgraced citizenship by investment scheme, which collapsed under corruption scandals. The decision was

COVID19: Imported cases rise to 20%

Some 20% of COVID-19 cases recorded in recent weeks in Cyprus were imported, attributable to an influx of tourist arrivals and Cypriots returning from trips abroad. According to the latest epidemiological report