Due to the pandemic, there has been a small rise in house prices and rentals while other real estate values have fallen, according to a new property index.

Following the abolition of the Cyprus Investment Programme regarding the “sale” of Cypriot passports, a new revised scheme was introduced for permanent residency visas and expanded with some changes.

After a tough debate amongst ministers over how the government ought to respond to a deteriorating pandemic situation, a proposal for a short and partial lockdown was approved at the last minute after the Cypriot health minister ascended his Calvary to secure a lockdown ahead of Orthodox Holy Week.

The Cyprus LNG Plant and the East Med Pipeline under the spectre of the Turkish ‘blue homeland’ in the great energy game of the Eastern Mediterranean.

Cyprus Shipping Deputy Ministry updates ship registration policy with latest technology and safety standards.

The cabinet approved a €165 million scheme on Thursday aimed at helping vulnerable people who took out housing loans under various state plans and were having difficulty repaying them.

The House plenum has passed a much-debated law giving the state the nod to guarantee up to €1 billion in loans to businesses and self-employed persons stricken by the coronavirus-related restrictions.

In a bid to speed up its vaccination coverage to 65% of the population with at least one dose of a Covid-19 vaccine, GPs can give people over 30 the AstraZeneca jab.

The President’s Cabinet failed to reach a decision on pandemic measures following intense debate on Thursday afternoon, with reports saying an announcement was pushed back a day to give health experts time to visit the Palace for more consultations.

Cyprus posted a fiscal deficit of €1.19 billion, which corresponds to 5.7% of GDP, as the government tried to borrow its ways out of the pandemic, the Statistical Service said on Thursday.