Category: Economy
Warrant issued for arrest of CEO of Cyprus based Bitcoin exchange NEO
Police secured an arrest warrant for Danny Brewster, CEO of the recently established Bitcoin exchange ‘NEO’, after the initial investigation of complaints and finding that he is no longer ... Read More
600 employees to leave CYTA within a year
CYTA (Cyprus Telecommunications Authority) and EAC (Electricity Authority of Cyprus) are the first two semi-government organisations that will be privatized. In order to make the organisations more ef... Read More
Cyprus citizenships on sale for 2 million euro
A new proposal will be submitted today at the Cabinet meeting for lowering the monetary criteria for naturalization of investors. With the current criteria citizens of non-EU countries who invest 5 mi... Read More
Preliminary plans for Makariou Ave. pedestrianization are ready
Nicosia Municipality has completed the preliminary plans for the conversion of Makariou avenue in Nicosia into a pedestrian road. The now depressing street that a few years back used to be the centre ... Read More
Cyprus economy – a year later
According to an article that was published yesterday in The Economist, the bail-in approach for rescuing the Cypriot economy has failed. Even though the economy has proved more resilient than what it ... Read More