With nearly one in five euros generated from the travel and tourism sectors, Cyprus is embarking on a general makeover, as well as an aggressive campaign to promote the island as a
President Nicos Anastasiades on Tuesday defended his administration’s decision to expand the Citizenship for Investment Scheme in 2013 while refuting his family law firm was given preferential treatment. Anastasiades, testifying before the
Budget airline Ryanair, Tuesday announced it will add 5 additional flights every week from Paphos to Tel Aviv as part of its Summer 2021 schedule. Following strong demand from Cypriot consumers, Ryanair
A decision by the Cyprus Church to demolish four listed buildings surrounding the site of a new cathedral under construction in Nicosia caused a public outcry with demands for Archbishop Chrysostomos II
Total assets of Cyprus residents stood at €684.57 bln against higher total liabilities of €711.78 bln at the end of September, Central Bank data shows. Cypriot residents’ assets included €106.56 bln in
PwC has a new initiative titled “Talk to our Specialists” in an effort to support individuals, local businesses and international companies operating or looking to expand their activities in Cyprus. This initiative
Cyprus announced three coronavirus deaths on Monday, with a small rise in new COVID-19 cases to 120, as lockdown measures started easing and more people gradually return to work in an effort
Cyprus maritime authorities are urged to redouble attempts to revive a passenger ferry to Greece after moves to subsidise the link failed to attract any interest from shipping companies. The Shipping Ministry
The European Commission on Monday approved a €10.2 mln Cypriot government scheme to support the self-employed and businesses affected by the coronavirus outbreak. The scheme was approved under the State aid Temporary
In December, the euro area seasonally-adjusted unemployment rate was 8.3%, up from 7.4% in 2019 while in Cyprus the jobless figure was similar at 7.3%, according to Eurostat. The EU unemployment rate
