The Government of the Republic of Cyprus has officially transposed the provisions of the EU Directive 2018/822(“known as DAC6”) and EU Directive 2020/876 into its national legal order, through the enactment of the Administrative Cooperation in the field of Taxation (Amending) Law of 2021 (L.41(I)/2021).

Bank of Cyprus on Monday announced that it has successfully launched and priced an issue of €300 million unsecured and subordinated Tier 2 Capital Notes under its Euro Medium-Term Note (EMTN) Programme – the maximum amount possible under the rules for this kind of issuance.

Limassol municipality announced on Monday it would cut rent by 50% to businesses affected by the pandemic measures from last January to March.

Constantinos Tsioutis, head of the advisory team and assistant professor of Internal Medicine and Infection Prevention and Control, said that all citizens must realize the seriousness of the situation, adding that due to current facts no further relaxations can take place since the health system is at its limit.

Tourist arrivals for the period of January – March 2021 amounted to 246,556 recording a steep drop of 92.8% compared with the respective period of last year, as the Covid-19 pandemic and travel restrictions continue to affect the tourist sector.

Cyprus tweaked its Covid-19 safe travel list, demoting two countries and upgrading another three, with the green category still hosting just six countries, with no EU entry.

EY is pleased to announce the appointment of Ronald Attard as the new Country Managing Partner for Cyprus.

We are delighted to announce to our friends, partners and colleagues that again this year, in the 2021 edition of The Legal500, our firm has been ranked as a top tier law firm.

Cyprus has seen its public debt increase sharply in 2020, and even more in 2021, but the plan to service the debt is working.

The International Monetary Fund’s projected growth recovery this year in main tourist markets of Cyprus following a severe collapse in 2020 paves the way for cautious optimism, Philenews reports.