Cyprus General Government posted a deficit of €800 million in the period of April – June 2020 compared to a surplus of €140 million in the respective period of last year, according to data released today by the Cyprus Statistical Service (Cystat).

Cyprus has remained in the UK Government’s “green” Travel Corridors list despite a rise in coronavirus cases on the island.

Cyprus is among the European countries with the highest number of lawyers in proportion to their population, according to a report on the efficiency and quality of justice in Europe published by the Council of Europe on Thursday.

Cyprus will continue to record three-digit numbers of coronavirus cases as the situation needs weeks to get under control, an expert in infection prevention Constantinos Tsioutis said.

The health ministry tightened its grip on the island as it scrambles to slow down the sudden flare-up of the virus that has sent daily new cases into three-digit numbers.

The department of inland revenue has given yet another extension to employees to file their tax returns for 2019.

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.