Among the sectors that were ripe for investment in Cyprus was the tech industry, said George Campanellas, chief executive of Invest Cyprus …
EU takes action against Malta, Cyprus for ‘golden passports’
The European Commission has launched infringements procedures against Cyprus and Malta over their “golden passport” programs, in which wealthy people can acquire EU citizenship in exchange for an inve …
EU takes legal action against ‘golden passport’ schemes in Cyprus, Malta
The European Union’s executive said on Tuesday it was launching legal action against Cyprus and Malta over their investor citizenship programmes, also known as “golden passport” schemes. The schemes a …
‘Golden passports’: EU launches legal action against Cyprus and Malta
Brussels says schemes selling citizenship to wealthy investors are illegal …
Brussels cracks down on Cyprus and Malta over ‘golden passports’
Brussels has launched legal action against Cyprus and Malta to stop their scandal-ridden “golden passport” schemes that sell EU nationality to rich foreigners. The European Commission accused both …
EU Starts Action Against Cyprus, Malta for ‘Selling’ Citizenship
The European Union executive said in a statement that the decision was taken because the two member states granted nationality – and thereby EU citizenship – in exchange for a pre-determined payment …
North Cyprus edges closer to Turkey after vote
In his victory speech, Ersin Tatar thanked Turkish President Tayyip Erdogan, a close ally, and said the people of North Cyprus want their own state …
Cyprus Golden Passports: A Total Failure Of Checks And Balances
The Cyprus Investment Program had a big blind spot: its implementation. We now know that despite the fact that strict laws and regulations were in place, there was no capacity to impose them. The …
Turkey-Backed Candidate Wins Northern Cyprus President Vote
Cypriots living in the Turkish-controlled north elected a president who advocates a two-state solution for the divided island, an idea backed by Ankara that’s likely to complicate any reunification …
Cyprus economy slows more sharply than expected in Q2
The Cyprus economy slowed more sharply than expected in the second quarter of this year, according to data and a statement released by the Cyprus Statistical Services (Cystat) on Friday. Cyprus GDP …