Paphos Mayor Phedonas Phedonos unveiled the revitalised area surrounding Fellahoglu street that links the areas between the commercial centre and the old Turkish Cypriot neighbourhood of Moutallos, one of the many revamps the old part of town is undergoing. The Fellahoglu project, costing €1.5 mln, aims to revive the former commercial centre of the upper
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I have read comments by Interior Minister Nicos Nouris on the subject of issuing planning permits within a very short period of time and the issue of building permits within the same day of application, if a project requires an environmental study, the building permit will be issued within 12 months. That sounds great and
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Cyprus confirmed five COVID-19 cases on Friday with all the new infections linked to people returning from the UK and Qatar on repatriation flights. The total number of cases in Cyprus has now gone up to 980 and only 18 deaths, the Health Ministry announced. According to the Health Ministry, three cases involve people who
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Finance Minister Constantinos Petrides told his eurozone counterparts the coronavirus outbreak has taken its toll on the Cyprus economy, putting pressure on public finances. Talking with his counterparts during a teleconference, Petrides informed the Eurogroup of the government’s short-term projections for the Cypriot economy. Laying out the government’s projections, following the coronavirus outbreak, Petrides referred
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Cyprus President Nicos Anastasiades and Greece’s Prime Minister Kyriakos Mitsotakis have agreed to coordinate their strategy against Turkey’s illegal activity in the Eastern Mediterranean. Government spokesperson Kyriacos Koushos said that during a telephone conversation in the presence of Foreign Minister Nikos Christodoulides, President Anastasiades briefed Mitsotakis on latest diplomatic efforts at an EU level to
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By Han Tan, Market Analyst at FXTM Asian stocks on Friday extended the previous day’s declines, following the latest rout on Wall Street. The Dow Jones index saw prices sandwiched between its 100-day and 200-day simple moving averages, before ending the session 6.9% lower to register its largest single-day drop since March 16. The sharp
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Cyprus’ Residential Property Price Index (RPPI) slowed in 2019, affected by reduced demand from foreign investors due to stricter criteria in the passports for investment scheme, the Central Bank (CBC) said. The RPPI in Q4, 2019 recorded a slower upward trajectory, marking a quarterly rise of 0.3% compared with an increase of 0.7% the previous
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A 10-day-old Syrian baby boy flown to Israel from Cyprus has undergone emergency heart surgery and is recovering on a respirator. A spokesman for the Ramat Gan hospital quoted by The Times of Israel said the infant was brought in to correct a congenital heart defect. The baby, son of Syrian refugee parents, was diagnosed
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Good leadership is important to overcome the COVID-19 pandemic, but US President Donald Trump has not provided it while Cyprus is a better example to follow, said renowned economist Jeffrey Sachs. In an interview with the Cyprus News Agency, Sachs criticizes Trump, he doubts that a vaccine for coronavirus will be available soon, and refers
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Nicosia is set to revoke Cyprus citizenship from at least 26 suspect investors as soon as the House of Representatives passes a law on tighter controls approved by cabinet earlier this week. The cabinet on Wednesday approved tougher rules for its tarnished citizenship for investment scheme by tying it to anti-money laundering legislation. The law
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