The Cyprus Investment Program seemed problematic from the beginning and even the amendments could not save and protect the abuse of the Program. The Cyprus Government decided to terminate the Program with final submission date the 30th of October 2020 after amending the Law regulating the Citizenship by Investment Program. The new policy of the Government let to many rejections of new applications and initiated many revocation procedure for investors who had already received the Cypriot passport.

EY Cyprus presented the findings and recommendations of the first Attractiveness Survey Cyprus 2020, during a digital event that took place on Wednesday, December 16. The report, which is part of the 19-year long EY Attractiveness program that surveys investor sentiment for different countries and regions globally, aims to measure the country’s attractiveness as an investment destination in the last years. It also records investors’ views with regard to the investment attractiveness of Cyprus, in terms of image, investor confidence and the country’s ability to provide competitive advantages for FDI. The survey was conducted in June 2020 based on a sample of more than 100 decision-makers from foreign companies, of which almost 50% have presence in Cyprus.

Biontech says it is confident its COVID-19 vaccine expected within days in Cyprus would remain effective against a variant that has been spreading in Britain, but questions still remain about the effectiveness of the vaccine as mutations continue to spread.

Following the successful launch of its revived corporate identity, Cybarco has opened a new property sales office in Limassol, at the entrance of award-winning Limassol Marina.

All UK arrivals will be taken to state allocated and sponsored quarantine hotels for seven days, the health ministry announced on Monday morning as experts warn the mutated strain may already be in Cyprus.

Cyprus Post on Monday informed the public of important changes to come in effect as of January 1, 2021 on the way mail can be sent overseas.

The Natural Gas Public Company (DEFA) has concluded the first phase of the tender process for the supply of Liquefied Natural Gas (LNG).

Cyprus’ Natural Gas Public Company (DEFA) has completed the first phase tender process for securing the supply of Liquefied Natural Gas (LNG) for power generation.

Up until the 1960s, the economy of Cyprus was largely agricultural. However, by 1980, the economy had been transformed, with manufacturing responsible for 20% of GDP.

In the first months of 2020, André Zein determined to move his digital banking company TechnOrion from Metn, Lebanon, where conditions were becoming untenable.