The Finance Ministry on Wednesday announced that the Cabinet has approved a bill amending the Income Tax Law, allowing for an additional tax exemption, in the form of a capital deduction for specific capital expenditures, for Cypriot businesses who want to implement a range of energy-saving measures.

The European Investment Bank (EIB) this week announced that new financing agreements signed in Cyprus for the year 2022 amounted to €250 million, with all of them relating to green projects.

The Cypriot economy has achieved remarkable performance in recent years amid a period of sustained instability, a senior official with the International Monetary Fund (IMF) has said.

Israeli sports technology company i-BrainTech, a pioneer in athletic brain training, on Tuesday announced its plan to expand its operation to Cyprus.

The European Union’s economy will avoid recession but headwinds continue to be an issue, according to the European Commission’s interim winter economic forecasts for 2023, presented by Economy Commissioner Paolo Gentiloni in Brussels.

The European Union’s economy will avoid recession but headwinds continue to be an issue, according to the European Commission’s interim winter economic forecasts for 2023, presented by Economy Commissioner Paolo Gentiloni in Brussels.

Newly elected President Nikos Christodoulides will be invested by the House of Representatives, as stipulated by Article 42 of the Cypriot constitution, on February 28 at 11.30am.

Cyprus Airways carried more passengers in January this year than in 2019 before the start of the pandemic, the carrier announced on Monday.

With 100 per cent of votes counted Nikos Christodoulides had a clear lead, echoing what exit polls had earlier suggested.

Cyprus and India can mutually benefit through a deeper and broader economic and business collaborative relationship, according to an analysis released this week by two executives from consulting and advisory firm PwC Cyprus.