Cyprus’ revamped audio-visual industry called Olivewood is at risk as authorities have not kept their part of the deal in reimbursing film projects shot on location as promised through an incentive scheme. Producers of flagship film production, Jiu Jitsu criticised Cyprus authorities claiming they have yet to refund them while accusing the scheme of posing
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Three elderly people died on Friday, the oldest being a 94 year old woman, raising the December death toll from COVID-19 to 8 and since the start of the pandemic to 57. Cyprus also reported 289 new cases, while 111 patients are currently being treated at state hospitals. Almost half of COVID-19 related deaths recorded
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Long-awaited €1.2 bln redevelopment of Larnaca port and marina jumped the final hurdle on Friday as the Cyprus government signed contracts with Cypriot-Israeli investors. At the signing ceremony, President Nicos Anastasiades expressed the government’s satisfaction, as the “development of Larnaca port and marina will fetch additional revenue of €120 mln per year”. “Today is a
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Almost half of COVID-related deaths recorded in Cyprus since the outbreak in March took place in November, according to the Health Ministry on Friday. Analysis of the spread of the virus shows that 35 people or 47% of hospital patients who contracted COVID-19 died in November. Some 71% of those who died of COVID-19 in
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The Cyprus Shipping Chamber, the umbrella organisation representing the majority of locally-based companies in the maritime sector, is joining forces with the Maritime Anti-Corruption Network (MACN) to help combat corruption in the shipping sector. The CSC, whose members employ up to 60,000 onboard their vessels around the world, signed an MoU with the MACN whereby they
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Cyprus does not expect to face a big surge of type A flu cases this year, Assistant Professor of Infectious Diseases at the University of Cyprus Maria Koliou told CNA. Koliou, member of the government advisory team on Covid-19, urged people and vulnerable groups to be vaccinated against type A flu as a combination with
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The molecular PCR testing and the antigen rapid tests for coronavirus at private labs will be charged at €65.45 and €29.75, respectively, as of Saturday, the Health Ministry announced after it posted the relevant decree in the Cyprus Government Gazette on Friday. A ministry spokesperson said that the free rapid test programme for the general
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By Han Tan, Market Analyst at FXTM Risk assets are looking to end the week and the year on a high. US stock futures are edging into the green, indicating the S&P 500 could yet claim one more new record high before the weekend. However, Asian stocks were mixed on Friday with the Nikkei 225
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Cyprus Finance Minister Constantinos Petrides assured Nicosia will not re-establish the disgraced Cyprus Investment Scheme either in the same or similar format. The scheme was terminated in November after an expose by Al Jazeera showing that Cypriot officials were involved in securing Cyprus passports for criminals and legal action from Brussels. “A scheme associated with
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Omonia made history with their first-ever win in the group stage in Europe, as the Greens beat Greece’s PAOK Salonica 2-1 on Thursday night in Nicosia. It was a great night for the Nicosia club, despite the fact it has not made it through to the last 32 of the Europa League after PSV Eindhoven
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