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 million euro in Cyprus and additionally buy residential property for at least 500000 euro are eligible to obtain the Cypriot citizenship. The new proposal […]
Analysis in plain English of what the new bill is aiming to achieve.
The government announced yesterday afternoon that it has officially requested financial assistance from EU rescue funds (EFSF/ESM). The announcement hints that talks for a Russian loan might have failed or are being delayed while the financial assistance is required urgently. According to the official statement the purpose of the assistance is to contain the risks […]
According an analysis published by Reuters, Cyprus could become the next problem for the euro zone in the long term.