12.08.2022
Andreas Demetriades, president of the Large Investment Projects Association, said this week that questions remain regarding the permanent residence program in Cyprus and asked the Interior Ministry to “immediately find solutions.”
Demetriades, who is also the Vice President of the Cyprus Chamber of Commerce and Industry (Keve), said under the terms of the program, third-country nationals who invest €300,000 are eligible for a residence permit for two years months .
However, Demetriades said that “when someone goes out of their way to arrange a meeting to submit this application, it takes four to five months to set up a meeting with the appropriate official to submit their application.”
“This is a problem that is added to other existing problems facing the country’s economy, and this issue must be urgently resolved by the Ministry of Internal Affairs,” he concluded.
The Paphos Tourism Board (Etap) this week said it was preparing digital content to promote scuba diving at a number of locations in the Paphos area.
The content will be produced using a special underwater drone that can capture panoramic underwater footage.
“Special equipment has been deployed, including an underwater drone with a 360-degree marine camera, and the material produced includes conventional photographs, 360-degree videos, virtual tours, as well as a 3D presentation of the wreck, among others . in another,” the board said in a statement.
“Upon completion of the project, the creation of tailored effective promotional materials will become available, which will then become a tool to promote this experimental form of tourism both in Cyprus and abroad,” the statement said.
Finally, the board said all efforts are backed by the deputy ministry of tourism, with project completion expected in 2022.
On Thursday, Pascal Schools announced it has joined Globeducate, one of the world’s leading providers of K12 education with more than 55 bilingual and international schools and online programs in 10 countries with over 31,000 students.
Schools at Globeducate specialize in a variety of respected international curricula including the English National Curriculum (EYFS to A Level), International Baccalaureate (PYP to IBDP) and the National Curriculums of Canada, France, India, Italy, Malaysia, Portugal and Spain.
Pascal explained that membership in the Globeducate will actively contribute to the growth of the organization, modernize its structure and methods, bring new knowledge and experience, and help improve its services.
In addition, Pascal Schools will have the opportunity to participate in a wide range of events around the world, online or in person, such as the Globeducate Model United Nations, Academic Olympiads, Art Competitions, Olympics and Student Leadership Summits.
At the same time, PASCAL teachers will be able to join international learning communities that focus on a range of sectors including outdoor learning, reading and STEAM education, and sustainability.
Pascal Education (Cyprus) Ltd President Pantelis Andreou expressed his enthusiasm for joining Globeducate.
“This development expands the scope and horizons of Pascal Schools and creates new perspectives for our staff and students,” Andreu said.
“Our top priority is to continue to benefit the education sector and the local community,” he said, he added.
It should be noted that Pascal Education (Cyprus) Ltd is still the owner of the Pascal Schools in Cyprus, and the board of the organization (the Andreu family) and management will remain unchanged.
The Cyprus Stock Exchange (CSE) ended Thursday, August 11, with losses.
The overall Cypriot stock market index stood at 68.87 points at 13:16 during the day, reflecting a 0.12% drop from the previous trading day.
The FTSE/CySE 20 Index stood at 41.29 points, down 0.1%.
The total transaction value was 31,927 euros.
For sub-indices, the main index fell by 0.41%, while the alternative index rose by 0.75%. Indices of hotel and investment companies remained stable.
Bank of Cyprus (-1.85%), Hellenic Bank (+0.46%), Logicom (no change), Petrolina (-0.91%) and Vassiliko Cement Works (+4.62%) attracted the highest investment interest.
