Cyprus , ‘making rapid progress’ in digital transition

Cyprus , ‘making rapid progress’ in digital transition

Cyprus is making rapid progress in its digital transition, with the creation of a Broadband competence office to promote broadband connection projects. One success of this transition is the newfound broadband access at a primary school serving the remote villages of Kampos and Tsakistra in the northwest of the Troodos mountain range.

‘Reprehensible behaviour on internet should be a crime’

‘Reprehensible behaviour on internet should be a crime’

Attorney-general George Savvides called on parliament to pass a bill criminalizing “reprehensible behavior” on the internet, including posting messages with offensive, obscene, or threatening content. The bill also aims to address the spread of fake news and misinformation online. Savvides emphasized the importance of freedom of expression, which is protected by the constitution and the European Convention of Human Rights. He also highlighted the need for restrictions in legal cases to ensure a fair trial.

Cyprus, Lebanon agree to tackle migrant crisis

Cyprus, Lebanon agree to tackle migrant crisis

Cyprus and Lebanon are cooperating to address the issue of growing migrant flows, particularly Syrian refugees coming from Lebanon. Cyprus has seen an increase in migrants arriving by sea, causing tension between the two countries. Lebanon hosts a large number of Syrian refugees, putting strain on its economy. Cyprus is seeking greater financial assistance from the European Commission to help Lebanon manage the situation. Both countries have agreed to coordinate actions and work with the EU to address the issue.

Services sector records strong growth in 2023

Services sector records strong growth in 2023

– The services sector in Cyprus performed well in 2023, with significant improvements in various key areas.
– Accommodation and catering services saw an increase of 18.9%, administrative and support services grew by 15.5%, professional, scientific, and technical activities by 2.7%, and information and communication by 2%.
– Tourism sector showed improvement in 2023, with tourist arrivals reaching 3,845,652, approaching pre-pandemic levels of 2019.
– The UK had the most tourist arrivals in Cyprus in 2023, followed by Israel, Poland, and Germany.
– The Shipping sector transported 98% of raw materials and essential goods in Cyprus in 2023, contributing about 7% of GDP.
– Oev undertook various initiatives in 2023, including research on digital skills, Innovation Awards, and promoting digital skills and AI adoption.
– Oev also organized a Business Mission to Greece, Information Day on dispute resolution methods, and supported the newly established Tourism Promotion Agency.

Kedipes offers repayment plan for NPLs

Kedipes offers repayment plan for NPLs

Kedipes has announced a new repayment plan for non-performing loans that would be secured by a primary residence with a market value of up to €350,000. Eligible borrowers can fully repay their loan obligations by paying an amount calculated with a significant percentage discount on the market value of the mortgaged residence.