Nicosia has warmly welcomed Monday’s decision by the European Commission to adopt the prolongation of the tonnage tax and seafarer scheme in Cyprus.

The European Commission said on Monday it had approved maritime transport support schemes in five EU countries – Cyprus, Denmark, Estonia, Poland and Sweden.

The European Commission has approved a €17 million budget for research and administration of the Natura 2000 areas in Cyprus, Phileleftheros reports.

The index for agricultural labour productivity is estimated to have increased slightly for the EU in 2019 (+2%) compared to 2018, according to Eurostat.

Conservation organisation BirdLife International has officially recognised the Cyprus Scops Owl as a full species in its own right, endemic to the island.

The number of Cyprus job vacancies in Q3 reached 7,130, a decrease of 537 places or 7% compared to the same quarter of 2018 when the number was 7,667.

Hourly labour costs increase year-on-year in Cyprus (6.1%) in Q3 were nearly three times the eurozone average (2.6%) and double that of the EU28 (3.1%).

The new mall in Larnaca will create hundreds of jobs and increased tax revenues for the state, said President Nicos Anastasiades as he laid the foundation stone of the project on Monday morning.

Health Minister Constantinos Ioannou has come up with proposals on Gesy doctors’ pay in a bid to ease tensions in the healthcare sector following a work stoppage last week.

According to the English case of Barron v Potter [1914] 1 Ch 895 which has been cited with approval in the Cypriot 1st Instance case of RE PRINOS LAHANAGORA LTD, if the Board of Directors in some form or another (eg. due to deadlock) is incapable of taking action, the power to conduct the company’s affairs will revert to the General Meeting.