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 million euro in Cyprus and additionally buy residential property for at least 500000 euro are eligible to obtain the Cypriot citizenship. The new proposal […]

Unemployment Rate is Skyrocketing, reached 9.3%

During the past 12 months Cyprus faced the second largest increase in its unemployment rate compared to the rest of European Union. Statistics made public yesterday by Eurostat indicate that the unemployment rate in Cyprus in December 2011 was 9.3%, up from 6.1%, the rate of December 2010. This was the largest recorded increase after […]

Cyprus has the largest number of foreign EU workers per capita

According to the Minister of Labour Soteroula Charalambous, Cyprus has the highest number of foreign EU workers in relation to its population, than any other member state. During the period of 2009 and 2010 the number of employed Cypriots increased by just 3.3% while the number of EU workers in Cyprus increased by 46.6%. Currently […]