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Changes to Citizenship scheme approved

Changes to Cyprus’ controversial citizenship-by-investment scheme, which has granted 1,864 citizenships and generated €6.6 billion of foreign investment, have been approved by the Cabinet. CYPRUS on Wednesday approved a series of changes to its much-criticised...

Akamas park will be ready by 2022

THE cabinet on Thursday approved the goals and basic provisions of a sustainable development plan for the Akamas National Park, which lies inside a wider protected area. “There is a timeframe, and it starts today and will be completed by the end of 2022, when we...

Cyprus Citizenship For Foreign Investors – Gateway to Europe

In light of the global recession and ever changing fiscal and monetary policies that impact investments, there has been an increased interest by foreign investors in relocating their funds and families to a jurisdiction that offers stability and security. Certain...

Landmark Agreement

The technical agreement signed between the Makarios Hospital and the internationally-known medical centre King’s College Hospital has been characterised as a landmark agreement by the Minister of Health, Phillipos Patsalis. He told a press conference that the...

Oil & Gas News

The Hydrocarbons Public Company (DEFA) announced on 14 April that it had received four proposals to supply natural gas to the island as an interim solution for power generation before its own gas reserves come available. Details of the bidders were not released due to...