Cyprus has taken positive steps towards anti-money laundering and countering the financing of terrorism, according to a much-anticipated report by the Council of Europe’s anti-money laundering body Moneyval.

Paralimni will have its very own €100 million marina within the next 4 years after the Environment Department has given the green light to the leisure project.

In 2018, of almost 15 million scientists and engineers in the EU, 59% were men and 41% women, according to figures released by Eurostat, ahead of the International Day of Women and Girls in Science, celebrated on 11 February.

Non-payment of taxes is to automatically qualify as a criminal offence, while all corporations operating on the island will be required to accept payments via credit card, under an omnibus bill tabled by the government aiming to crack down on tax evasion.

Average gross salaries stood at €1,938 a month in 2018, a 2.5% increase over the previous year’s average of €1,891 according to figures published by the Cyprus Statistical Office.

A total of 1,235 families have benefited from the state’s ‘baby dowry’ scheme since it was introduced in December 2017, the labour ministry announced on Monday.

Despite citing regulatory and geopolitical uncertainty as the greatest external risks to growth, 58% of technology, media & entertainment and telecoms (TMT) executives expect to actively pursue mergers and acquisitions (M&A) in the next 12 months – up from 42% a year ago. This is according to the latest edition of the EY Global Capital Confidence Barometer (CCB), which also finds that 63% of global TMT executives expect to see more megadeals (US$10b+) in the next 12 months.

The number of shipping companies under the Cypriot tonnage tax system is on the rise over the past decade, according to a report accompanying a draft bill recently sent to Parliament.

While deposit rates are hitting rock bottom, with some banks even applying negative interest rates on large deposits, Cyprus Insurance Investment Funds may offer investors a way out.

Two budget airlines, Whizz Air and RyanAir, have announced direct flights from Cyprus to the capital of Armenia, Yerevan – taking off in summer 2020.