The technology sector can become the new mainstay of the Cypriot economy and offer high level career opportunities to our country's youth. These are some of the key conclusions that emerged from the findings of a survey conducted last October by IMR/University of Nicosia on behalf of the non-profit organisation TechIsland.

The operator of City of Dreams Mediterranean hopes to triple its staff before launching next year in Cyprus, while a recent video shows progress on the construction of the unique casino resort sitting in the middle of three continents.

Following the completion of the main financial reporting standards (financial instruments, revenue from contracts with customers, leases and insurance contracts), two new trends are now in the frontstage in the broad area of corporate reporting: (i) improving the effectiveness and efficiency of financial reporting and (ii) the so called non- financial reporting. That being said, the standard setting and implementation support in the financial reporting sphere is far from complete, but as such, the focus has now shifted.

After the first bid sank without trace, the Deputy Ministry for Shipping has launched a new, improved tender for reviving the ferry connection between Cyprus and Greece.

Economic activity started recovering from the sharp recession as of the first half of 2021, driven mainly by domestic demand, although tourism activity still remains well below the pre-pandemic level, the European Commission says in its 11th Post-Programm

Incentives for the purchase of electric vehicles, including taxis and buses, and transportation means with lower emissions in combination with a car scrappage scheme were announced on Thursday by Transport Minister Yiannis Karousos.

China Petroleum Pipeline Engineering (CPP), building the €300 million Vassiliko LNG terminal, pledges to bring natural gas to Cyprus in June 2023 after some delays in the schedule due to COVID-19.

The Tax Department of the Republic of Cyprus has announced an extension to the imposition of administrative fines for overdue submission of information subject to EU Directive 2018/822 (“known as DAC6”).

RSM Cyprus supports the international social awareness campaign "Changing the face of men's health" by purchasing Movember products.

The Renewable Energy Sources Fund will turn another deficit next year, and will again need to tap into its reserves to stay afloat.