EY Cyprus, staying true to its commitment to building a better working world, always looks to reinforce its teams with the brightest talents. In this context, we are proud to announce that, as of 11th of January 2021, Eleni Sofocleous has joined EY’s Tax practice. 

The European Commission on Tuesday announced that it had approved, under EU State aid rules, “an €86.6 million Cypriot scheme to support companies active in the tourism sector (including organisers of package travel, hotel businesses, and car rental companies) affected by the coronavirus outbreak.”

While oil and gas have made Norway rich, the country is keen to find alternatives to gradually replace its top industry and to play its role in greener energy and the growth it offers.

Cyprus banks have welcomed 2021 with more liquidity than ever in view of the protracted pandemic crisis and a new lockdown which puts the brakes on business activity.

Copper is considered to be a major contributor to the global economy, with some going as far as to describe it as the backbone of the modern world.

Cyprus is among the top 10 EU member states to vaccinate against COVID-19 with 0.69% of its 900,000-population inoculated since 27 December.

More than 80% of public schools now have access to speedier internet and the project is expected to be concluded by the end of January, the Cyprus Telecommunications Authority said on Monday.

Vaccination appointments in Nicosia were quickly exhausted on Monday, within hours of becoming available, with slots in other districts expected to fill up fast, the health ministry announced on Monday morning.

Cyprus is the 12th best country in the world according to a 2020 index published this week.

As coronavirus inoculation in Cyprus is in progress, the EU-member island expects delivery of its first 1,200 Moderna vaccines by Tuesday evening, Philenews reports.