More than 3,000 motorists jumped at the opportunity for a state grant to replace their old banger with an eco-friendlier vehicle in a scrappage incentive scheme. The first phase of a €15
A scrappage scheme encouraging people to trade in their old banger for a greener vehicle saw 700 applications fly in within the first hours of going online, the Transport Ministry told the
Cyprus’ Cabinet on Wednesday increased state subsidies available to coronavirus-stricken airlines budgeting €8.8 mln for the next six months to boost the island’s poor connectivity until 2022. Airlines are paid a rate
Parliament passing a law that established a €1 bln (4% of GDP) loan guarantee scheme is positive for Cypriot banks because it will reduce the credit risk on loans participating in the
The government extended its interest rate subsidy scheme for housing and corporate loans until the end of 2021 and raised the ceiling for eligible loans, Finance Minister Constantinos Petrides said Friday. He
Following the collapse of the Cyprus Citizenship for Investment Scheme, developers of large projects urge the government to make the residency programme “more functional and easily accessible”. The Association of Large Investment
Cyprus is looking into ways of expanding a relief scheme subsidising borrowers with toxic mortgages to cover borrowers who failed to make the first cut, as they were found unviable. Acting government
Cyprus Finance Minister Constantinos Petrides assured Nicosia will not re-establish the disgraced Cyprus Investment Scheme either in the same or similar format. The scheme was terminated in November after an expose by
Leading employers believe the controversial Cyprus passport for investment scheme should be maintained, improved and its resources redirected from property deals to funding industry as well. George Petrou, chairman of the Employers’
Cyprus’ Citizenship for Investment Scheme should be suspended until a consensus is found among the political leadership on whether it has a future, said House Speaker Demetris Syllouris on Monday. He will
