Category Archives: Business

HEALTH: Cyprus legalises medicinal cannabis cultivation and use

Cyprus has become one of the few EU countries to legalise the cultivation and use of medical cannabis after a 30 to 18 majority vote in parliament approved the legislation.Cypriot MPs voted in a law making it legal to cultivate,

CYPRUS: First private power station promises cheaper electricity bills

Cyprus' energy sector is on the verge of radical changes with the construction of the island's first private power plant as entrepreneurs promise to deliver cheaper and cleaner energy to households and businesses.One such newcomer is Power Energy Cypru...

CYPRUS: Palestinian gets six months for attempted people trafficking

A Palestinian national was sentenced to six months in prison after he was found guilty of two counts of attempting to the facilitate the illegal entry of two men at the Pergamos boundary on January 31.The man, Mohammed Aljaro, who

ENERGY: Turkey to start exploring for oil and gas off Cyprus in February

Turkish exploration vessels will begin offshore drilling activities around Cyprus in mid-February which is likely to cause tensions to rise in the East Mediterranean."We will protect the rights and interests of the Turkish Cypriots and take the necessa...

CYPRUS: Citizenship for ?nvestment scheme has generated EUR 6.6 bln

Cyprus on Wednesday approved a series of changes to its much criticised Citizenship for Investment scheme, so it becomes more targeted and trustworthy, said Finance Minister Harris Georgiades.The Cabinet approved new criteria which will see a Cyprus pa...

CYPRUS: Two people arrested in Uzoho health card mess

Cyprus police on Tuesday arrested two people in connection with the alleged falsification of a health certificate issued to Nigeria's World Cup goalkeeper loaned to Cypriot club Anorthosis Famagusta from Spain's Deportivo La Coruna. Police said a 41-ye...