News

Significant amendments to the Cyprus Investment Programme were formally approved by the Cyprus Cabinet on the 13th February 2019. All the amendments will come into effect on the 15th May 2019. (https://cyprus-mail.com/2019/02/13/cabinet-approves-changes-to-golden-visa-scheme/). The move comes after the European Commission criticized Cyprus, Malta and Bulgaria, regarding the programmes of...

A major shift in Greece’s energy policy constitutes the government’s Plan submitted to the European Commission, to align with its 2030 energy targets. The aim is to reduce dependence on lignite power and to increase the use of renewable energy sources (https://www.euractiv.com/section/energy/news/greece-vows-e35-billion-investment-for-energy-transition/?utm_source=EURACTIV&utm_campaign=5eb2f03cde-RSS_EMAIL_EN_EnergyEnvironment&utm_medium=email&utm_term=0_c59e2fd7a9-5eb2f03cde-114953471). The Minister of Environment and Energy, Mr. George...

On Monday, 14th January 2019, the energy ministers from seven Eastern Mediterranean countries declared in Cairo, the establishment of the East Mediterranean Gas Forum (EMGF), which includes Egypt, Cyprus, Greece, Italy, Israel, Jordan and Palestine, with an objective of the optimal joint exploitation of hydrocarbon resources in the Eastern...

On 15th December 2018 and following two weeks of tense negotiations, in Katowice, Poland, nearly 200 countries that signed Paris climate agreement, agreed on the global rules that will dictate the world’s most ambitious climate pact (https://www.ft.com/content/89a7b338-0138-11e9-99df-6183d3002ee1). As Jonah Rockstrom, a scientist and co-head of the Potsdam Research Institute...

Cyprus telecommunications authority (Cyta) announced on the 5th July 2018 that it is planning to develop a fiber optic network called Fiber to the Home (FTTH) that will be available from late July 2018 (https://cyprus-mail.com/2018/07/05/cyta-launches-fibre-optic-network/). With the new fiber optic network, the benefits include higher download and...

On 9th July 2018, the Extraordinary Plenary Session of the House of Representatives of the Republic of Cyprus voted into legislation, five bills, as well as adopted a draft regulation, concerning the Non-Performing Loans (NPLs) (https://www.stockwatch.com.cy/en/article/trapezes/finmin-house-co-op-decision-will-lead-sound-banking-system). Also, the draft regulation, submitted by the Parliamentary Finance Committee was unanimously voted into law, and will regulate, on...