Investors are optimistic about Cyprus’ attractiveness over the coming years but state that there is room for improvement, according to the EY Attractiveness Survey Cyprus 2020 released on Wednesday.

Pharmacies have sold out of flu jabs early September with the state stepping in to meet heightened demand due to the coronavirus outbreak, the Cyprus Pharmacists Association said.

EY Cyprus presents the first EY Attractiveness Survey Cyprus 2020, which aims to measure the country’s attractiveness as an investment destination in terms of image, investor confidence and its ability to provide competitive advantages for Foreign Direct Investment (FDI). The survey is part of the broader EY Attractiveness program that has a 19-year legacy and examines investor sentiment for different countries and regions globally. The survey for Cyprus was conducted by CSA Research between 5th and 26th June by means of telephone interviews with more than 100 decision-makers from foreign companies in 16 countries. The report also draws on material from EY European Investment Monitor (EIM), database.

With the constant strengthening of AML regulation and enhancing transparency around the globe, the Seychelles has already enacted the Beneficial Ownership (BO) Act 2020, which entered into force on 28 August 2020, along with the BO Regulations 2020. The purpose of the Act is threefold: to provide for the identification and verification of beneficial ownership of legal persons and legal arrangements, to establish and maintain up-to-date registers of beneficial owners and a centralised database, and related matters.

Located on the coastline and in the pristine, sought-after area of Coral Bay, Paphos, Leptos Estates’ five-star, and award-winning Coral Seas Villas is a show-stopping development featuring high-end facilities with awe-inspiring views of the Mediterranean.

Cyprus and the US have signed a Memorandum of Understanding concerning cooperation in science and technology in the context of developing synergies across the full spectrum of bilateral relations.

Public hospitals are fully prepared to handle a possible second coronavirus wave, spokesman of state health services organisation Okypy Charalambos Charilaou said on Tuesday after complaints by nurses’ union Pasyno of the opposite.

The construction industry is on firmer foundations as building permits picked up in July following the fallout from coronavirus lockdown introduced to stem the spread of COVID-19.

VTT Vasiliko, the Dutch-controlled international energy trader playing a key role in developing the Vasiliko energy hub since 2014, has two more storage projects in the pipeline worth about €150 million.

The government is mulling rolling out a new programme from scratch to attract foreign investment, albeit a different one to the controversial passport scheme that crashed and burned following the recent reveals by Al Jazeera.