The Ministerial Council meeting which decided on easing of coronavirus-related restrictions on Christmas and New Year festivities has been concluded.

The Cyprus Employers Federation (OEB) announced on Tuesday that the maximum insurable earnings will increase as from January 4, 2021.

Health officials in the Republic of Cyprus are gearing up for the first phase of immunization against the novel coronavirus, with reports suggesting the start of the process could be slowing down before it evens begins on Sunday.

The Cabinet on Tuesday agreed on a blanket ban on thin plastic bags at points of sale, with the decision to come into force once passed by the House plenum.

The Council of Ministers approved on Tuesday the bill ratifying the statute of the international organisation EMGF (East Mediterranean Gas Forum).

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.