Last October, the international broadcaster Al Jazeera released a damning investigative report on how a convicted criminal can obtain a European passport in Cyprus for the right price. The report sent shockwaves across the political spectrum forcing the speaker of the parliament to resign, along with another MP from the opposition AKEL party. It also
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Despite no British tourists arriving at their establishments, Cyprus hotels expect to see many more Cypriot guests during the three-day holiday weekend for the Kataklysmos (Flood) Festival. However, hoteliers are not happy and have asked the government to extend the Ministry of Labour`s subsidy incentive scheme for hotel staff and tourist accommodation which continue to
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It is interesting to record how public beaches are exploited by the various municipalities and other local authorities in Cyprus. ‘Beach facilities’ has so far been restricted to providing umbrellas and sunbeds, with this business worth an annual income of €1 mln per area. In the recent scandal at Paralimni, beach collectors (municipality employees) reported
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Cyprus reported no deaths attributed to the coronavirus for the fifth day in a row on Saturday, hospitalisations dropped slightly again to 44 from 45, and new daily infections decreased from 76 to 62. There were around 500 fewer tests conducted on Saturday, but the results are still encouraging as Cyprus ramps up vaccinations, with
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While uncertainties remain, the Cyprus property market will continue to strengthen, with once-neglected Larnaca appearing as the most attractive town for investments in real estate. An industry survey carried out by Danos/BNPRE Group reveals that Larnaca will be at the forefront of the property market, seeing an overdue boom. “Developers, real estate agents and property
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The fallout from Emily Yiolitis’ resignation as Justice Minister and her “take no prisoners” letter, accusing President Anastasiades of undermining her work, will reverberate and impact next week’s anticipated cabinet reshuffle. According to Yiolitis, the President lost all confidence in his minister, despite her brief service (appointed 29 June 2020), claiming her the “weakest link”
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By Katerina Michael GovCoins are considered the most important financial innovation since the invention of banknotes – it is the response of central banks and national governments to cryptocurrencies that rose rapidly during the last few years. Progressively, more digital currencies are being heard and commented on, with bitcoin as the main protagonist. On the
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Cyprus reported no deaths attributed to the coronavirus for the fourth day in a row on Friday, as hospitalisations rose again to 45 and new daily infections increased from 65 to 76. The health ministry said in its daily Covid bulletin that the death toll since the pandemic started remained unchanged at 374. The last
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Russia will gradually lift flight restrictions as their epidemiological data improves, Deputy Transport Minister Dmitry Zverev told Cypriot officials on Friday. Zverev told his Cypriot counterpart Yiannis Karousos and Deputy Minister of Tourism Savvas Perdios during a teleconference on Friday, that there could be a positive decision on Russia-Cyprus flights as early as next week.
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The new vision for shipping aims at placing Cyprus at the forefront of maritime developments, with a strategy that will take the industry to the next level of green transformation, digital services and a long-overdue ‘one-stop-shop.’ Cyprus is pioneering a seafarer vaccination programme that will assist many crews and shipping companies alike. Addressing the 5th
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