Eight University of Nicosia academics listed among top scientists in the world

The American University of Cyprus (AUCY), based in Larnaca, is officially the seventh private university in Cyprus. The university’s study programmes have now been fully accredited by the Cyprus Agency of Quality Assurance and Accreditation in Higher Education (CYQAA).

The economic sentiment in Cyprus improved In April 2021 significantly as the Economic Sentiment Indicator (ESI-CypERC) increased by 9.2 points compared with March 2021.

Parliament passing a law that established a €1 billion (4% of GDP) loan guarantee scheme is positive for Cypriot banks because it will reduce the credit risk on loans participating in the scheme, said rating agency Moody’s.

Cyprus is offering hassle-free holidays to fully vaccinated individuals from 65 countries from May 10 as it seeks to recoup lost ground from the pandemic.

New support measures to the tune of €120 million to address the effects Cyprus’ third total lockdown on employees and companies were announced by the Finance and Labour Ministers on Wednesday.

The purpose of the current newsletter is to inform about extensions provided by the legislation due to the Covid19 crisis, as well as amendments on the Procedure of the Settlement of Tax Overdue Amounts Law. It also refers to the European Commission Action Plan for Fair and Simple Taxation Supporting the Recovery Strategy.

Limassol is planning to develop a financial district, ‘Wall Street’ by the sea; the long-awaited technology park is to begin development by yearend.

The labour ministry on Tuesday announced the latest relief schemes available for businesses, employees and self-employed persons as a result of the two-week coronavirus-related lockdown running from April 26 to May 9.

Total fuels sales in March 2020 recorded their first annual increase after 13 consecutive months, pushed upwards by sales in petrol stations.