Russians to build planes in Cyprus?

HUNDREDS of jobs could be created if the government grants a licence to a Russian company to set up a plant to manufacture light civil aircraft.

The final decision will be taken by the Council of Ministers on whether to allow Nicni Novkarat to build a factory in a multi-million pound investment that would provide work for more than 300 people.

Finance Minister Christodoulos Christodoulou said yesterday that he did not foresee any local opposition to the project, since there are no Cypriot competitors in this field.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.