Cyprus’ Law Office has released the final report of the Inquiry Committee probe into the issuing of passports under the citizenship for investment scheme that ran from 2007 to November 2020. The redacted 786-page report recommends the revoking of citizenships granted to some foreign nationals. Moreover, it urges authorities to investigate the possible commission of
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Cyprus reported no deaths attributed to the coronavirus for the eight day in a row on Tuesday, but new daily infections spiked to 122, above 100 for the first time since May 24. A high rate of Covid-19 cases were reported in Famagusta district, accounting for about a third of new cases diagnosed through the
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Authorities are concerned over a spike in the positivity rate of rapid antigen tests combined with low vaccination take-up among the young, said outgoing Health Minister Constantinos Ioannou. During a visit to Famagusta General, designated as the country’s COVID-19 referral hospital, Ioannou said Cyprus could be headed for a new outbreak, as the vaccination rollout
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President Nicos Anastasiades on Tuesday announced the much-anticipated mini reshuffle, introducing a few new faces, despite his declared wish to create a government of wider acceptance following a series of corruption scandals. Anastasiades was essentially forced to speed up the mini-reshuffle following the no-holds-barred resignation last week of Justice Minister Emily Yiolitis and Health Minister
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Cyprus is gearing up for introducing the EU’s digital COVID-19 Green Pass on 1 July to facilitate smoother international travel. In comments to state radio CyBC, Deputy Minister of Innovation Kyriakos Kokkinos said Cyprus would be ready to go live with the Green Pass with the rest of the bloc, despite minor glitches that are
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EU leaders will welcome de-escalation in the Eastern Mediterranean and recall they remain fully committed to a comprehensive settlement of the Cyprus problem following the relevant UN Security Council resolutions. This is according to the latest draft conclusions, seen by CNA and tabled at the General Affairs Council for debate ahead of the European Council
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In the first quarter, assets under management of Collective Investments (UCIs) reached €9.8 bln, the highest historical level to date, recording a significant quarterly increase of 14%, according to Cyprus Securities and Exchange Commission (CySEC) data. Cyprus Investment Funds Association (CIFA) welcomed the news and said it was “optimistic the growth of the Investment Funds
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By Lukman Otunuga, Senior Research Analyst at FXTM Asian shares were mostly up Tuesday morning following the overnight rebound on Wall Street. Equity bulls have been injected with a renewed sense of confidence thanks to dovish commentary from Fed officials, including Chairman Jerome Powell. In written remarks prepared for his testimony before the House Select
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Improved COVID-19 data across Europe has allowed Cyprus health authorities to include a band of nine European countries, eight from the bloc, on its expanding safer green travel list. The newly classified EU states from which travellers can enter the island without any requirements, numbers eleven, Austria, Bulgaria, Czech Republic, Hungary, Germany, Italy, Finland, Slovakia.
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UN envoy Jane Holl Lute will meet separately with Cypriot leaders on Tuesday to test the waters on whether progress can be made after the Geneva summit in April failed to kick-start stalled Cyprus talks. Lute is meeting first with Cyprus President Nicos Anastasiades before crossing the UN-patrolled ceasefire line to hold contacts with Turkish
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