Financial analysts believe that Cyprus’ Citizenship for Investment Scheme (CIS) should be scrapped as it causes more harm than good with reports of dodgy investors buying their way into the European Union. Following a week-long series of unflattering reports about the programme based on an Al Jazeera investigation of more than 1,400 leaked documents, Cyprus
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Like many things, most of our life-needs are changing and there now seems to be a noticeable pattern. A young couple starts with buying a 1-2 bedroom apartment. Then, depending on their financial ability, move on to a larger apartment and, if they can eventually afford it, a house. Other than those who have financial
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Cyprus could not wave goodbye to August without another heatwave to get it through the summer with maximum temperatures expected to soar to 40 degrees Celsius and above over the next three days. The Department of Meteorology issued an ‘extreme high-temperature warning’ for Saturday with maximum temperatures reaching a scorching 40 degrees Celsius inland. Hotter
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By Christos Kalli Since 1650, when ‘small talk’ first appeared as a neologism in John Trapp’s theological book on proverbs Solomonis panaretos, it has proven to be a particularly apt name to describe its function in conversation and its characteristics. Small bites of language that are easy to swallow (Such a lovely day today!), insignificant
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Cyprus confirmed 14 more Covid-19 infections on Friday after a lower than the average number of 2,917 tests conducted taking total cases to 1,481 since the outbreak. Friday’s cases are higher than Thursday’s 11, with the daily tally remaining relatively high, although most cases are ‘imported’. Six of Friday’s new infections had a travel history
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The average age of COVID-19 cases in Cyprus has dropped from 47 last month to 39 years in late August according to the latest epidemiological bulletin issued by the Ministry of Health. The drop is attributed to the fact that people aged between 18-40 are more likely to move around and have more contacts. With
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Good news for Larnaca as residents long-standing demand for the demolition of fuel and gas storage tanks on the town’s coast is expected to be realised in a year. Fuel and gas industry stakeholders participated in a meeting at the Presidential Palace with President Nicos Anastasiades on Friday, during which they committed to complete work
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Cyprus Police confirmed that they have launched a criminal investigation into the case of a Larnaca teenager who broke his quarantine to go to play for his academy team AEK. As a result, some 45 teammates, all minors, their families and six coaches have all been instructed to self-isolate. Talking to CyBC state radio, police
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Bank of Cyprus posted first-half losses of €126 mln, of which a hefty €100 mln was booked in the second quarter alone with the CEO attributing the downfall to its Project Helix aimed at reducing non-performing loans and selling off toxic portfolios. “During the second quarter, we generated total income of €143 mln and a
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Cyprus’ Audit Office on Friday said it launched a probe into the government’s passport for investment scheme after shaming accusations it was exploited by criminals. Qatar-based broadcaster Al-Jazeera reported that dozens of those who applied for so-called “golden passports” are under criminal investigation, international sanctions or serving prison sentences. Cypriot Interior Minister Nicos Nouris on Wednesday
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