Our team at ServPRO kickstarts the 2025 newsletter year with 25 highlights for you and your business in Cyprus, the European Union (EU) and the wider world:

Cyprus’ tax-free income threshold is set to rise to €20,500 per year, following the announcement of a set of sweeping tax reform plans by President Nikos Christodoulides on Tuesday.

The prospect of developing joint travel packages for markets such as China and the USA was a key topic of discussion when Deputy Tourism Minister Kostas Koumis met with Greece’s Minister of Tourism Olga Kefalogianni in Athens.

The Cyprus property market displayed stabilising trends in the fourth quarter of 2024, according to the RICS Cyprus Property Price Index by KPMG Cyprus, which tracks real estate price trends across all districts.

Our Partner- Corporate Finance, Tax, Private Client, Stella Strati is attending the International Bar Association Private Client Tax Conference.

The Bank of Cyprus announced on Monday the launch of a €30 million share buyback programme, a move previously signalled last week during the release of its preliminary 2024 financial results.

Secretary general of the International Chamber of Shipping Thomas Kazakos met with Cyprus News Agency (CNA) director Dinos Finicarides, as well as the new director general of the Cyprus Shipping Chamber (CSC) Alexandros Iosifidis.

Organisation sets 2025-2028 agenda to boost global digital maturity

January 2025 marked a standout month for tourism in Cyprus, as the island welcomed 112,100 visitors, according to a report released by the state stastical service.

Addressing the 8th Capital Link Shipping Forum in Limassol, the Deputy Minister for Shipping Marina Hadjimanolis emphasised that “expanding the Cypriot registry remains a top priority for the government.”