The Cypriot Government, in an attempt to attract foreign investment to the island and to help economic recovery and further economic growth, introduced Regulation 6(2) of the Aliens and Immigration Regulations which
Cyprus has proven this week that its strategic location makes it an invaluable partner and friend in the region, even if it likes to cut financial corners. During the week, Britain evacuated
Capital Intelligence Ratings has affirmed the Republic of Cyprus’ long-term foreign currency rating (LT FCR) and short-term foreign currency rating (ST FCR) at ‘BBB-’ and ‘A3’, respectively, saying that the outlook on
Despite high inflation, Cyprus’ property market has maintained solid growth during 2022, thanks to demographic changes through high-tech companies and Ukrainian refugees fleeing Russia’s invasion, say real estate analysts. In comments to
The fire at the Russian Cultural Centre in Nicosia, which destroyed part of the new cladding of the building under repair, was an unfortunate incident and a case of human incompetence, as
When deciding where and when to build the new Ayia Napa-Paralimni golf course, the primary concern should be the Public Interest for the benefit of the area and economy, while the classification
In 2022, EU countries granted protection status to 384,245 asylum seekers, up by 40% compared with 2021 (275,040), but in Cyprus, only 580 cases were granted (from 2,305), according to Eurostat. Of
The Independent Anti-Corruption Authority has hired a team of internationally accredited legal experts to investigate claims involving high-ranking officials in the cash-for-passports scandal. The previous administration set up the anti-corruption watchdog under
Revenue from Cyprus’ ship management industry continued its upward trend in the second half of 2022, reaching €648 mln, up by 25.6% year on year. Throughout 2022, revenue from ship management amounted to
The Met Office has issued a yellow warning for heavy rain as a low-pressure system moves across the island, upsetting plans for the weekend. A warning for severe thunderstorms came into effect
