A scrappage incentive scheme launched to encourage Cypriot motorists to replace their old high-emission bangers with new electric ones has received five times the number of applications expected. The Transport Ministry says it will now need two more weeks to extend the scheme due to the huge interest showed. Transport Minister Yiannis Karousos said on
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Washington believes Cyprus has a key role to play in East Med energy supply but warned all sides not to create further instability in the region as tensions run high over Turkey’s illegal drilling activity. “Cyprus has an incredibly important role to play in this new energy corridor that is still developing throughout the region,”
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Portugal and Romania have complained to Nicosia over a number of their citizens falling prey to gangs organizing fake marriages conducted by municipalities on the island. According to Philenews, Romania and Portugal have complained that their citizens are being exploited by networks who are using them in sham marriages with third-country nationals. It quotes an
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Nicosia has climbed to the top of the property sales league after 7 years of lagging behind Limassol which dominated the market ever since the citizenship for investment scheme took off in 2013. According to data released by the Land Registry, 197 property sales were recorded in Nicosia in January this year beating the 180
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Pure new bank lending to corporations and households amounted to €3.19 bln in 2019 marking a slight annual increase attributed to large corporate credit over €1 mln. According to data released by the Central Bank of Cyprus, gathered by CNA, pure new lending (excluding renegotiated loans) in 2019 amounted to €3.194 bln, marking a slight
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By Han Tan, Market Analyst at FXTM Asian stocks on Wednesday are building on the previous day’s gains, taking their cues from Wall Street overnight, as the former attempts some form of recovery after Monday’s selloff. Most Asian currencies, however, are weakening against the US Dollar, while Gold is stabilising around the mid-$1500 region. The
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To celebrate World Wetlands Day (WWD) to raise global awareness about the important role of wetlands, Cyprus birdwatching events are being held at Paralimni and Oroklini lakes. BirdLife Cyprus is organising two simultaneous events, one at Paralimni Lake and one at Oroklini Lake, on 8 February from 09:30 am – 12:30 pm for people to
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Europol has reaffirmed its pledge to continue supporting Cyprus and its efforts to combat illegal migration networks, fake marriages and terrorism as it sees the country as central to EU security. During a meeting with Minister of the Interior Nicos Nouris and Justice Minister George Savvides on Tuesday, Europol’s Executive Director Catherine De Bolle pointed
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A 33-year-old driver caught speeding while on cocaine is the first person to lose his license under a new regime of zero tolerance of reckless behaviour on Cyprus roads. Two motorists charged with excessive speeding and driving under the influence of drugs are the first to face tougher sanctions under a new government crackdown against
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Cyprus had the EU’s lowest standardised rate of cancer-related deaths, with 194 for every 100,000 inhabitants in 2016, according to Eurostat data released on the occasion of World Cancer Day. In Greece, it was 249 deaths for every 100,000 inhabitants, close to the EU average. Almost 1.2 million people died from cancer in the European
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