The Cyprus government has initiated a fast-track process for company registrations as part of a package of measures to revive the economy after the controversial Citizenship for Investment Scheme was abolished amid public outcry over corruption.

Health Minister Constantinos Ioannou on Wednesday morning holds an emergency meeting with the government epidemiological team after a record 83 covid-19 cases were recorded in Cyprus on Tuesday.

The Republic of Cyprus announced unexpectedly on Tuesday that the current Citizenship by Investment Programme would be abolished, following an emergency Cabinet meeting a day after Al Jazeera published a secret video alleging corruption in the island’s golden passport scheme.

Cyprus has the third lowest percentage of women who are screened for breast cancer in the EU, a Eurostat report published on Wednesday shows.

Nicosia Municipality on Monday invited bids for the establishment of coffee shops and snack bars at Eleftheria Square.

A week after Cyprus health authorities imposed stricter measures in Larnaca district where Covid-19 infections had spiralled in September, the health ministry announced it was extending the same measures to the capital Nicosia and Limassol, where clusters of coronavirus cases had appeared.

Non-performing loans (Non-Performing Exposure) declined by €0.5 billion in May to €8.4 billion from €8.9 billion in the previous month, corresponding to 26.7% of total loans, according to data released by the Central Bank of Cyprus on Monday.

Kiosks, bakeries and restaurants saw an increase in credit card transactions, according to figures published by JCC for the period until 30 September 2020.

The results of the 2021 IFLR 100 ratings review have now been announced.  This is the 30th anniversary of the rating awards, and Elias Neocleous & Co LLC is pleased to note that, for the third successive year, we have been ranked as a ‘Tier 1’ legal firm in Cyprus.

A total of 50 major infrastructure projects all across Cyprus are included in the 2021 annual budget but not all will kick-start within the upcoming new year.