Cyprus’ largest investment project, the €1.2 billion redevelopment of Larnaca port and marina, is on track as the final touches are added to the blueprints before the consortium takes over next April.

The European Commission today has disbursed €157 million to Cyprus to help kick-start reforms and investments outlined in Cyprus’ recovery and resilience plan.

Our Partner Dr. Charis Savvides delivered an intense seminar at Global Training (Cyprus), on Tuesday, 07 September 2021, at 09:00am. The seminar presented the current and under development regulatory framework on digital assets, addressing the key legislations and regulations which affect or be affected by the disruptive nature of crypto-transactions.

Despite the ongoing Covid pandemic, the Cypriot banking sector has achieved remarkable progress and was steadily headed towards viability, Finance Minister Constantinos Petrides said on Wednesday addressing the bank association AGM.

Cyprus and Greece have signed a Joint Declaration of Intent for cooperation in a transnational program on research and innovation for digital transformation and sustainable economies.

President Nicos Anastasiades on Wednesday said the government will in the following months announce a new incentive scheme for attracting high-tech companies that will facilitate the establishment and hiring of employees, also offering tax incentives and expedited licensing procedures.

International credit rating agency DBRS Morning Star projects the Cypriot economy’s growth rate will be at 4.3% GDP this year and recede slightly to 4.1% in 2022.

According to the latest data provided by the Ministry of Health, the population of Cyprus is 75.1% vaccinated,  as Paphos leads the way with 90% of its population vaccinated against the coronavirus.

At CYENS, the Research Centre of Excellence in Cyprus (formerly RISE), a team is at work creating a digital twin of the city of Nicosia.

The Central Bank of Cyprus (CBC), professional regulatory bodies and business stakeholders have agreed on ten steps to rationalise banking procedures.