The EuroAsia Interconnector electricity cable, investing in research and innovation in energy storage are two key factors that will help Cyprus achieve its climate targets of emission reduction.

Building a strong CV, applying for a job with a potential employer and getting invited for an interview, are already huge achievements that should be acknowledged considering that only a select few get invited to interview.

EY Cyprus was the proud Platinum Sponsor at the Cyprus Forum, an independent annual conference, organised for the first time in Cyprus by the non-profit organisation Oxygono, in association with the Delphi Economic Forum, on Saturday, 3rd October 2020, at the Nicosia Municipal Theatre. The Forum marks the 60th anniversary of the declaration of independence of the Republic of Cyprus, bringing together local and foreign political leaders, important figures from the public and the private sector, the media, academia and civic society, with the aim of initiating dialogue, exchanging ideas and finding new and creative solutions to key areas of public policy.

The government is tweaking a bill designed to speed up the licensing process for large-scale investments, approximately a year after first drafting the legislation.

MPs on Monday began discussing two government bills involving tax incentives aimed at luring high earners who are foreign nationals, so that they make Cyprus their personal domicile and headquarter their companies here.

The current account balance of Cyprus in the second quarter of 2020 recorded an improvement. At the same time, the international investment position (IIP) recorded a slight deterioration at the end of the second quarter of 2020.

Neo Plaza, the island’s first designer outlet and entertainment village to open next year will be larger than originally planned, as demand from commercial stores pushed developers to expand the complex.

The Cyprus deputy tourism ministry announced on Monday a subsidy scheme to encourage projects that will upgrade Cyprus beaches, in the framework of the implementation of the 2030 national strategy for tourism and efforts to upgrade the island’s tourism product.

The prospect of a no-deal Brexit has seen an increase in financial services companies looking to Cyprus as a ‘low cost’ European base to retain EU passporting rights, an online conference heard. A survey conducted among 150 electronic money and payment institutions, funds managers, and law and accounting firms at the conference highlighted new industry concerns over Brexit, with 76.9% of participants claiming the future of the UK financial services sector depended on the outcome of the Brexit negotiations. Just 2.6% said Brexit would have no impact.

Education Minister Prodromos Prodromou on Friday announced on Friday an energy upgrade for 25 schools as a first step to convert the buildings to minimal energy consumption.