The European Commission has approved an estimated €2 mln Cypriot scheme to support private investments into innovative small and medium-sized enterprises (SMEs), contributing to the country’s Recovery and Resilience Plan. The support is in the form of income tax relief favouring private investors, both individual and corporate investors, who decide to invest in early-stage, innovative
More
A three-year-old girl was found wandering alone in the buffer zone near Athienou by a UN patrol pre-dawn Tuesday while the peacekeeping force was assisting the search for her missing twin sister. According to Cyprus police, it was informed of the incident by the United Nations, which reported the child’s parents are also looking for
More
There is no political aspect in the US position on the EastMed gas pipeline; Washington favours projects that enable clean energy transition and connect markets in the Eastern Mediterranean. This is what US Deputy Assistant Secretary of State for European and Eurasian Affairs, Erika Olson told the Cyprus News Agency (CNA). The US diplomat said
More
By Hussein Sayed, Chief Market Strategist at Exinity Risks in financial markets are increasing, and investors had a snapshot of what sort of market reaction could come if Russia invades Ukraine. Last Friday saw the US warn of an imminent attack which sent oil prices 5% higher over two trading days, with Brent fast approaching
More
After being postponed several times because of the COVID-19 pandemic, this week’s European Union-African Union Summit in Brussels (February 17-18) will bring together European and African heads of state and government for the first time since 2017. The EU’s objective is to become Africa’s partner of choice, a goal set by European Commission President Ursula
More
Cyprus reported three coronavirus deaths on Monday, with new cases rising to last week’s levels of 2,930, while hospitalisations retreated to 177, of whom 40 were critical, one less than Sunday. The Health Ministry said in its Covid bulletin that the latest victims were two women aged 85 and 86, and an 85 year old
More
Cyprus’ National Guard and the French Armed Forces successfully completed the Air Defence exercise TALOS 2022 as Rafale fighter jets flew over the island Monday. A statement by the Ministry of Defence said that the exercise was conducted on the occasion of the French aircraft carrier Charles de Gaulle operating in the wider region of
More
Consumers should prepare for more hikes in their electricity bills, as the Cyprus Electricity Authority (EAC) is liable to pay €183 mln for greenhouse gas emission rights in 2022, 150% over the 2021 penalty. According to the authority’s 2022 budget, submitted before parliament for approval, the authority has earmarked €183,281,000 for buying emission rights, up
More
Finance Minister Constantinos Petrides warned MPs that any tampering with a European Union directive to reduce the size of homes entitled to lower 5% VAT could invoke sanctions. Addressing MPs concerns over the implications on the economy, the Finance Minister said the directive could see the EU withdraw funding provided to Cyprus through the Recovery
More
Cyprus has an outsized problem with irregular migration that Turkey deliberately stokes, said Interior Minister Nicos Nouris. “For us, this is a state of emergency,” Nouris told AFP, adding that 4.6% of the country’s population are asylum seekers or beneficiaries of protection, the highest ratio in the EU. The Greek Cypriot minister accused Turkey, whose
More
