Cyprus

2022 - 12 - 11

Post cover — Image courtesy of "Cyprus Mail"

Cyprus 'disappointed' at latest EU delay in tackling weaponisation of ... (Cyprus Mail)

Cyprus was disappointed that no agreement was reached in Brussels on Friday with regard to a proposed regulation to address situations of ...

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Cyprus wants in on the Startup Nation game | CTech (CTech)

The Cypriot government is making efforts to turn the country into an Israeli tech partner - and invited CTech overseas to show us how.

Its hope is that the country becomes a legitimate option for companies that can take advantage of everything it has to offer. An attractive feature of Cyprus, aside from its 15% corporate tax rate and access to European markets, is the fact that it can act as a testing ground for products and services. And there was a lot of focus on getting the country to be there for fintech companies. One company that has settled into Cyprus is Israeli social trading and multi-asset investment company eToro, which set up an office in the city of Limassol soon after its founding in 2007. The 250-person office has taken up its home in Limassol, which in 2020 was classified as a ‘global city’ by the Globalization and World Cities Research Network. It is concerning to think just how much emphasis is being placed on external talent to fill the positions that the country expects to create. And so Cyprus is working on attracting businesses and young talent to its shores - yet it became clear how much of its efforts depend on importing immigrants to tackle the high-paying tech jobs. Its position has always meant that it is an attractive choice for companies who want to penetrate the EU market and receive regulatory licenses that can easily be managed in other countries. Last month CTech received an invitation on behalf of The Cyprus Investment Promotion Agency, the national investment promotion agency of Cyprus, to visit the county and better understand its recent efforts to transform itself into a European tech hub. According to Polemitis, students at the University of Nicosia originate from, in order: Greece, Cyprus, the US, the UK, Israel, Lebanon, Australia, and more. We visited Cypriot companies NIPD Genetics and ecommbx in the biotech and fintech industries, respectively, as well as explored the University of Nicosia. The Cyprus offering is to start considering Cyprus as a potential location to obtain your second, third, or fourth office.

'The most rewarding thing': seeing people on the buses | Cyprus Mail (Cyprus Mail)

Cypriots have no problems using buses when they are abroad says Cyprus Public Transport which is doing its best to provide a proper service in Cyprus With a ...

We are not yet where we want to be and there is room for improvement. Of the 250 litres of water used to wash it externally, around 200 are then recycled and reused. “From our control room, we can monitor everything and intervene when issues arise, such as delays, a bus breaking down or a driver falling ill. Recently the transport ministry has allocated €35 million over the next five years to upgrade bus shelters in the country. “The trend is changing and it is clearly going up. We are trying to do exactly that, and we are sure that results will show, even more than they already doing.

Thriving Egypt-Cyprus relations a factor of stability in the East Med ... (Cyprus Mail)

By Dr Andrestinos Papadopoulos That Cyprus-Egypt relations are presently at their highest level is an evaluation that represents an undisputable reality.

In general, within the wider framework of the Eastern Mediterranean, the role of Egypt is of paramount importance in view of the recent challenges and developments in the region. Moreover, there is a high potential of economic cooperation, based on the existence of a wide range of possibilities in the fields of commerce and investment . Recently, during COP27 , the presidents of Cyprus and Egypt co-chaired the summit to present the Cyprus-led Eastern Mediterranean and Middle East climate change initiative. This forum brings together governments the private sector and financial institutions to discuss the formation of a competitive regional gas market. We should go back to ancient times to trace the relations between Cyprus and Egypt of the Pharaohs. The newly discovered gasfields in the Cypriot EEZ have recently acquired major importance, in view of the consequences of the war in Ukraine, which Europe had to face.

New push to have UN Cyprus envoy appointed 'to better prepare ... (Cyprus Mail)

The Greek Cypriot side believes, that although the decision is up to UN Secretary-General Antonio Guterres, the appointment of a UN envoy for Cyprus would ...

However, he also said that during the current period no one expects any development, given that there are elections in Cyprus, Greece and Turkey. “It is a fact that in this period there is a stagnation in the Cyprus issue due to the ongoing and open Turkish intransigence. Anastasiades last week expressed hopes for the appointment of a special envoy, and for an EU initiative to ensure cooperation with the UN and avoid new faits accomplis sought by Turkey. The issue of an envoy was brought up by President Nicos Anastasiades with Guterres in September 2021 but there were no subsequent developments. Both he and DiCarlo hold equal standing on the UN hierarchy. But, yes, we believe that if he [Guterres] goes ahead with the appointment [of an envoy] then a better preparation of the ground could be done.”

Cyprus 'disappointed' at EU delay in tackling weaponisation of ... (Cyprus Mail)

Cyprus was disappointed that no agreement was reached in Brussels on Friday with regard to a proposed regulation to address situations of ...

“This is a development that it leaves once again, the author of the problem in Cyprus, Turkey, in a safe place away from any sanctions”. This process would be complted in the first months of 2023, he said. It would also provide for specific rules on support and solidarity measures that may be taken in such a situation.

Cyprus food prices' wild fluctuation (www.ekathimerini.com)

The average retail price levels for basic consumer goods last week in Cyprus had risen by a staggering degree compared to those recorded on November 9.

The service clarified that the observatory is meant solely to assist and provide general information to consumers and does not constitute advice in any way. According to the Price Observatory’s Price Index, fuel rates increased 35% from December of last year, followed by cheese, which was up 20.5%, and pasta, which registered a 17.4% price rise. This was demonstrated by the Consumer Protection Service’s Price Observatory, which is conducted on a monthly basis and includes fixed products and price-taking locations with the goal, according to the service, of monitoring and drawing conclusions from price fluctuations of basic consumer goods.