Businesses increased during pandemic

The number of businesses in Cyprus rose for a fourth consecutive year in 2020, albeit the annual rise was contained to 2% due to the Coronavirus pandemic. According to the enterprise registry

Cyprus resumes energy search

Cyprus has resumed searching for oil and gas after more than a year due to coronavirus with US energy giant ExxonMobil conducting appraisal drilling in block 10 of its Exclusive Economic Zone

Annual tourist arrivals rocket 196%

In the 11 months to November, tourists visiting Cyprus jumped 195.9%, recording an increase of 1.21 million arrivals, compared to 2020 when covid-19 travel restrictions were worse. According to data announced Tuesday

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Cyprus extends airline incentive scheme

The Cabinet approved a six-month extension of an incentives scheme to airlines to combat the effects of the COVID-19 pandemic on Cyprus connectivity. Transport Minister Yiannis Kasouros said Tuesday the six-month extension

Cyprus investment fund assets rise 48.7%

Τhe Investment Funds sector in Cyprus was significantly strengthened in 2021, with managed assets increasing 48.7%, even though the consequences of the pandemic and uncertainty continued. According to the Cyprus Investment Funds

Cyprus to get tough after road deaths

Authorities are reviewing extra measures to reduce the high death toll on the island’s roads, just hours after two people died in two separate road accidents on Sunday. Transport Minister Yiannis Karousos

COVID19: Cyprus mulls tighter measures for Christmas

Health authorities are mulling tightening restrictions to stem coronavirus, boosted by Omicron with higher transmissibility, including a limit on home gatherings and mandatory testing for all. On Monday, Health Minister Michalis Hadjipantelas

The Dark Side of Olivewood

We recently read an article published on November 7 in the Financial Mirror (Olivewood trying to reinvent itself) about the Cyprus filming plan, although interesting, was far from the truth. You can

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