NICOSIA (Reuters) - A controversial citizenship-for-investment programme scrapped by Cyprus in late 2020 had shortcomings and will not be replaced, President Nicos Anastasiades said on Tuesday.
Cyprus earned more than 9 billion euros ($10.8 billion) from a scheme awarding passports to foreign investors between 2013 and 2019, but the programme unravelled amid reports of abuse and EU misgivings.
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