In an attempt to attract foreign investments to the Island and help economic growth, the Cyprus government in March 2021 revised Regulation 6(2) of the Aliens and Immigration Regulations. These amendments were
As the government was scrambling to clean the dirt of its muddied reputation for sanction busting, the deputy minister for culture was blowing out candles of a different kind. Deputy Minister for
Plans to cut the VAT rate on selected consumer goods and services or reduce it to zero and the Finance Minister’s call on banks and loan recovery firms to reduce mortgage rates
The Group of Seven energy ministers have agreed that new investments in natural gas are needed because of the energy fallout from Russia’s invasion of Ukraine. The G7 statement, released on April
Global energy markets continue to be volatile, with major producers saying their cartel decisions to cut production and hike prices were justified. Saudi Arabia will keep supplying at least several refiners in
We have studied the Auditor General’s report and his negative position on the proposal to create a golf course in the Cape Greco area between Paralimni and Ayia Napa and the need
The European Parliament recently passed a new bill that aims to tackle climate change by reducing carbon emissions. This new legislation has significant implications for the real estate markets of Cyprus and
On 12 April, around 10 Cypriot professionals and others woke up to the shock of being sanctioned by the US and the UK and then losing access to their Cypriot bank accounts. Since there
If the government thought it would have time to settle and get a handle on running the country – it has been in power for 50 days, and the wheels are beginning
Ever since the financial crisis of 2011-2012 brought Cyprus banks to their knees, the owners and managers of legacy financial institutions have yet to learn from their mistakes. Cyprus was shut out
