The Cyprus Institute of Certified Public Accountants is in favour of maintaining the investments-for-citizenship, backing tighter controls to attract investors who will contribute to the economy not just money in the bank. ICPAC Chairman Demetris Vakis said the island’s accountancy body, that is involved in education as well as regulation, supports the passport scheme that
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EuroAsia Interconnector, the 1,000MW electricity link connecting the grids of Israel, Cyprus and Greece, has secured the necessary planning permission to start construction of the first converter station that will be built in Kofinou. The permit, issued by the Planning Bureau, is for the construction of the high voltage direct current (HVDC) converter station, as
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Cyprus has approved an attractive EUR 7,000 incentive package to encourage motorists to scrap their old petrol cars for a new environmentally-friendly electric one. Transport Minister Vassiliki Anastassiadou, said the cabinet has backed her ministry’s proposal to promote the withdrawal of old fuel-powered cars while giving motorists the incentive to opt for a vehicle solely
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In October Cyprus had Europe’s lowest annual rate of inflation at -0.5% compared to 0.7% average in the euro area and 1.1% in the EU. In Cyprus inflation remained stable to -0.5% in October and a year earlier the rate was a higher 1.9%. The euro area annual inflation rate was 0.7% in October 2019,
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The International Federation of Professional Footballers (FIFPro) is taking the Cyprus Football Association (CFA) to task over its intention to discipline members of the women’s national team who stood up for gender equality. FIFPro sent a letter to the CFA asking it to waive any disciplinary procedures against female players who posed for a picture
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Nicosia on Friday condemned the unilateral declaration of independence (UDI) which the Turkish Cypriots announced on 15 November 1983 to establish the self-styled ‘Turkish Republic of Northern Cyprus’. The Cyprus government and the political leadership have reiterated their determination to continue the fight for the reunification of the island. On 15 November 1983, nine years
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Cyprus’ economy expanded by 3.2% in the third quarter of 2019 on an annual basis, racking up 19 quarters of consecutive growth, official data showed Thursday. Compared with the previous quarter, GDP grew by 0.7% in Q3 2019, the same rate as Q2, while based on seasonally and working day adjusted data, annual GDP growth
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Solving the Cyprus issue would be a game-changer for the European Union, the entire East Med region and the island’s energy search, said EU security chief Federica Mogherini. She told the European Parliament that the bloc had come together to show solidarity with Cyprus as in the case of approving sanctions against Turkey for its
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. By George Soros The fall of the Berlin Wall on the night of November 8, 1989 dramatically and suddenly accelerated the collapse of communism in Europe. The end of travel restrictions between East and West Germany dealt a death blow to the closed society of the Soviet Union. By the same token, it marked
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Following public pressure, Bank of Cyprus has postponed introducing increased customer charges for transactions carried out with the assistance of a cashier at its branches. The new increases were dropped in the wake of bad publicity after MPs crusaded against what they deemed to be “merely punishing consumers who do not have the skills or
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