Across the West, the mantra voiced by policymakers is ‘build back better’. Covid has taken its toll on all our industries, services and markets, and efforts to stimulate recovery are now under way. Eco-friendly initiatives are seen as central to a revival of fortunes. And Cyprus is fast-tracking a transition to a green economy – not only to restore the country to financial health in the wake of the pandemic but also to embrace important new investment opportunities to diversify our economy.

Invest Cyprus expresses its satisfaction at the strong momentum of Cyprus’ investment funds industry, even in the particularly adverse conditions brought on by the pandemic. According to the latest available data published by the Cyprus Securities and Exchange Commission, the number of investment funds increased to 283 in the fourth quarter of 2020, while there was also an increase in the assets under their management, which totaled €8.58b.  

As part its efforts to promote Cyprus as an ideal location for international ICT companies, and provide support to existing and potential foreign investors, Invest Cyprus today welcomes the foundation of the Cyprus Tech Association.

In its research, credit agency S&P notes several themes that weigh against the Cyprus economy – the other credit agencies also make the point that these issues are holding Cyprus back.

Cyprus is considered one of the countries successfully implementing a Covid-19 vaccination programme and is among the first that rolled out mass rapid screenings, President Nicos Anastasiades said Wednesday during a visit at a large vaccination centre in Nicosia.

Paphos is looking to Alexandria to establish a direct link between the two cities and low-cost carriers Ryanair as well as Air Cairo have both expressed interest, Philenews reports.

Cyprus President, Nicos Anastasiades, said on Wednesday that Cyprus has ordered and is ready to receive Covid-19 vaccines for two million people.

President Nicos Anastasiades said Wednesday that he was hopeful that economic activity could resume by the end of spring, given that no unpredicted developments arise on the part of pharmaceutical companies.

EY Cyprus, staying true to its commitment to Building a better working world, offers professional development and recognition to its people and reinforces its Tax team with a new partner, who, through his experience and know-how, contributes to achieving this purpose every day. In this context, we are pleased to announce the appointment of Christos Tooulas as Associate Partner. This promotion is the result of Christo’s hard work and dedication to our clients, to his team and to EY’s global goals.

A €1.37 million contract for improvement work at Ormidia fishing shelter was signed on Tuesday aiming to bolster competitiveness and sustainability of fishing in the area.