TUESDAY, 31 JAN 2023



Facebook Linked In Twitter

Commissioner Gentiloni In Berlin To Discuss Common Economic Priorities

Kadis Outlines Effects Of Ukraine War On Cypriot Market At EU Council



brought to you by Barclays

Introduction of E-Signature in Cyprus by the End of 2017

Introduction of E-Signature in Cyprus by the End of 2017

At the end of 2017 and onwards citizens in Cyprus will be able to use electronic signatures (e-signature) while doing business with the public sector as well as some private companies, the Cyprus News Agency reports.

It is estimated that the introduction of e-signature will bring about significant reductions in administrative costs in the public and will simplify the transactions that nowadays are way too complicated and need a great deal of paper work and bureaucratic procedures.

The electronic signatures, which replace handwritten signatures, will pave the way in processing secure electronic transactions that currently require both the handwritten signature of the persons and their physical presence.

In the context of e-governance it is estimated that by the end of the year the tender documents will be prepared through which an assigned company will do the work and provide the electronic signatures and authentication certificates.

Cyprus has a legislation that allows the use of e-signatures, however discussion have been carried on for many years as to who is supposed to be the provider of the electronic signatures and related certificates. The Undersecretary to the President and his associates have managed to speed up the process and give an end to what has been described as a never ending discussion.

Decisions were also taken for more electronic services that will enable the use of e-signature by the citizens.

But how does the e-signature work? Each service will make the appropriate modifications to its system to accept electronic signatures. When the public will submit its application for ie the Land Registry will use a doken (a medium key which will be stored as electronic signature) and thus will be able to sign electronically the application and submit it.

This doken could be a separate card, a sim card, usb, or a cloud application, but basically the whole process is extremely simple and convenient for the public and will resemble much the money transfer in bank transactions with the use of the digipass.

On-line applications with the use of e-signature include, inter alia, the application for GMI (Guaranteed Minimum Income), application for child allowance and single parent and the application for criminal record certificate.


Tototheo Maritime Incorporates Starlink Into Its Service Portfolio

Leading global communication service provider, Tototheo Maritime ™, has added Starlink’s ...

Succeed in the Digital Era! The In-Class DMI PRO starts in March

ImarComms Digital, a Global Partner of the Digital Marketing Institute, announces that ...



92 Greek Cypriot And Turkish Cypriot Entrepreneurs Applied To The Stelios Bi-Communal Business Cooperation Awards 2023

The application process for the Stelios Bi-communal Business Cooperation Awards 2023 was completed on Friday, January 27, 2023, with the participation of 92 ...

The Role Of Green Finance In Achieving Sustainable Development Goals

Sustainability is becoming an increasingly important consideration for financiers investors and stakeholders as a whole, as they look to align their ...

Cyprus Airways Launches Direct Services To Dubai

Cyprus Airways announced today that after long negotiations it has secured relevant permission and landing slots to operate up to three weekly ...

UN Security Council Extends UNFICYP's Mandate For A Year

The UN Security Council extended the UN Peacekeeping Force's (UNFICYP) mandate for another year until January 31, 2024, on Monday instead for six months as was ...

Eurostat: Cyprus Third In EU In Use Of Fossil Fuels For Energy In 2021, Significant Drop Since 1990

In 2021, fossil fuels made up 70% of gross available energy in the EU, remaining at the same level as in 2020, according to data released by Eurostat, the ...

Commissioner Gentiloni In Berlin To Discuss Common Economic Priorities

Commissioner for Economy, Paolo Gentiloni, is in Berlin where he will meet Finance Minister, Christian Lindner; Head of the Federal Chancellery, Wolfgang ...

IMF Improves Economic Forecast For The Eurozone And Russia Amid Energy Crisis And Raging War

The prospect of a recession in the eurozone is fading as the International Monetary Fund (IMF) moderately improves its economic forecast for the bloc. ...

Forged Euro Banknotes In Cyprus Record Sharp Increase Of 113.7% In 2022

A total of 451 counterfeit euro banknotes have been withdrawn from circulation in 2022 in Cyprus, representing an increase of 113.7% compared with the previous ...




gold magazine january