The construction industry is on firmer foundations as building permits picked up in July following the fallout from coronavirus lockdown introduced to stem the spread of COVID-19. According to data by the Cyprus Statistical Services, the number of building permits issued by local authorities in July reached 740, which corresponds close to 1/4 of the
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Eight private hospital patients operated on for cataract but presented serious complications due to infection by a drug-resistant strain of bacteria may lose their sight in the affected eye. Andreas Neophytou, Director of the Makarios Hospital where four of the patients are currently being treated, told the Cyprus News Agency that “although their condition is
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VTT Vasiliko, the Dutch-controlled international energy trader playing a key role in developing the Vasiliko energy hub since 2014, has two more storage projects in the pipeline worth about €150 mln. The new projects will also boost the Cyprus maritime sector to benefit from increased cargo traffic, as well as services provided by local companies.
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Cyprus was slammed by Brussels on Tuesday for “undermining” EU citizenship with what it called an “illegal golden visa” scheme for wealthy foreign investors. The European Commission has launched legal action against Cyprus and Malta over their underfire investment for citizenship programmes. It has written to the two countries, which both joined the EU in
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Wednesday’s leaders’ summit of Cyprus, Greece and Egypt intends sending a strong message from Nicosia of a regional alliance working for stability while Turkey is going in the opposite direction. The determination of the three countries to work together on the political and economic front will be underlined, said Cyprus deputy government spokesman Panayiotis Sentonas.
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Experts believe coronavirus is now widespread in the Cypriot community, no longer confined to small and local clusters while a growing number of people are exhibiting symptoms or need treatment. Epidemiologists have despaired as a large number of people infected are reporting an even greater number of close contacts which make the tracking and tracing
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The EU will launch legal action against Cyprus and Malta over their controversial “golden passport” schemes for foreign investors amid allegations they were exploited by criminals. After an Al Jazeera undercover sting, Cyprus said last week it would scrap its investor programme, which has generated €7 bln, on November 1. Reporters caught senior officials on
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Stock markets have been cheered on hopes of fresh fiscal stimulus in the U.S. imminently – but investors must avoid the ‘buy everything’ mindset, warned Nigel Green, CEO of deVere Group, one of the leading financial advisory and fintech organisations. Over the weekend, House Democrat leader Nancy Pelosi said she was “optimistic” regarding a stimulus
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A sharp rise in COVID cases is likely to see Cyprus removed from the UK’s safe travel list after daily infections have hit their highest point since the coronavirus outbreak in early March. Unlike many EU destinations, Cyprus has remained on the UK’s travel corridor list (no need to quarantine) due to its low coronavirus
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Cyprus health official announced 43 new SARS-CoV-2 cases on Monday, a far cry from the previous week’s daily reports that on two occasions exceeded 100 and 200 infections. This brings the national infections rate for coronavirus to 2,687. However, a health ministry spokesperson said that the 2,558 tests conducted earlier in the day did not
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