Cyprus on Wednesday approved a series of changes to its much criticised Citizenship for Investment scheme, so it becomes “more targeted and trustworthy”, said Finance Minister Harris Georgiades. The Cabinet approved new criteria which will see a Cyprus passport being granted in exchange for an investment of €2.5 mln, raising it from €2 mln, including

Turkish exploration vessels will begin offshore drilling activities around Cyprus in mid-February which is likely to cause tensions to rise in the East Mediterranean. "We will protect the rights and interests of the Turkish Cypriots and take the necessary steps on the issue of natural gas, just as we do on other issues," Turkish Cypriot

A Cyprus lawyer is embroiled in a legal battle with an Israeli high-tech firm that produces smartphone hacking technology used by some governments to spy on their citizens. When mysterious operatives lured two cybersecurity researchers to meetings at luxury hotels over the past two months, it was an apparent bid to discredit their research about

Greek consortium Terna – J&P Avax has been selected as the preferred bidder to construct the €550 mln City of Dreams Mediterranean – Europe’s largest casino – and is now in consultation to draw up the final contract. The consortium was one of three bidders vying to build the integrated casino complex in Limassol and

Cyprus police on Tuesday arrested two people in connection with the alleged falsification of a health certificate issued to Nigeria’s World Cup goalkeeper loaned to Cypriot club Anorthosis Famagusta from Spain’s Deportivo La Coruna.  Police said a 41-year-old man and a woman, 36, were arrested in connection with the case on suspicion of obstructing the

Plans to build a $7 billion, 2,200-kilometre EastMed gas pipeline from Cyprus to Italy could be “one of the greatest underwater projects in the world,” visiting Israeli President Reuven Rivlin said on Tuesday. Leaders of Cyprus, Greece and Israel, in December, reached an interstate agreement on building an ambitious multi-billion dollar EastMed pipeline. An agreement

Cyprus is at the wrong end of the EU table with a low share of energy from renewable resources putting it in the bottom five and some way off its 2020 target of 13%. The share of energy from renewable sources (expressed in % of gross final energy consumption) reached 9.9% in Cyprus in 2017.