Concerned over the possibility of the virulent South African strain of coronavirus entering Cyprus, health experts are advising the government to step up screenings at airports. Dr Peter Karayiannis, Professor of Virology at the University of Nicosia Medical School and advisor to the government, said although there are no direct travel links with South Africa,
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With nearly one in five euros generated from the travel and tourism sectors, Cyprus is embarking on a general makeover, as well as an aggressive campaign to promote the island as a quality destination. With tourist arrivals falling by 85% from the previous year because of the pandemic, Savvas Perdios, the junior minister for tourism,
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President Nicos Anastasiades on Tuesday defended his administration’s decision to expand the Citizenship for Investment Scheme in 2013 while refuting his family law firm was given preferential treatment. Anastasiades, testifying before the public inquiry into the controversial passport scheme, essentially claimed that the cabinet’s approval of citizenship was merely a formality as applications had been
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Budget airline Ryanair, Tuesday announced it will add 5 additional flights every week from Paphos to Tel Aviv as part of its Summer 2021 schedule. Following strong demand from Cypriot consumers, Ryanair said it will now operate 17 weekly flights from Paphos to Tel Aviv commencing 4 July. Cypriot consumers can now book a Summer
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A decision by the Cyprus Church to demolish four listed buildings surrounding the site of a new cathedral under construction in Nicosia caused a public outcry with demands for Archbishop Chrysostomos II to face charges. Nicosia Mayor Constantinos Yiorkadjis told state radio CyBC on Tuesday the church-sanctioned demolition of four listed buildings in old Nicosia
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Total assets of Cyprus residents stood at €684.57 bln against higher total liabilities of €711.78 bln at the end of September, Central Bank data shows. Cypriot residents’ assets included €106.56 bln in cash and deposits, €24.81 bln in debt securities, €87.87 bln in loans, €420.1 bln in shares and €44.43 bln in other financial instruments.
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PwC has a new initiative titled “Talk to our Specialists” in an effort to support individuals, local businesses and international companies operating or looking to expand their activities in Cyprus. This initiative is introduced at a time when the impact of the pandemic on the economy and businesses has increased uncertainty about the future. PwC
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Cyprus announced three coronavirus deaths on Monday, with a small rise in new COVID-19 cases to 120, as lockdown measures started easing and more people gradually return to work in an effort to restart the economy. The health ministry said that a 62 year old woman and two men, aged 70 and 80, all with
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Cyprus maritime authorities are urged to redouble attempts to revive a passenger ferry to Greece after moves to subsidise the link failed to attract any interest from shipping companies. The Shipping Ministry sought to revive the connection with a €5 mln annual subsidy approved by the EU’s Directorate-General for Competition. However, the tender closed on
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The European Commission on Monday approved a €10.2 mln Cypriot government scheme to support the self-employed and businesses affected by the coronavirus outbreak. The scheme was approved under the State aid Temporary Framework. Under the scheme, state support will take the form of direct grants intended to cover part of the beneficiaries operating costs. More
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