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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.
Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis. Tannousis addressed an i ...
Bank of Cyprus’ real estate management unit (REMU), assigned to manage properties acquired by the bank as part of loan restructuring agreements, increased its stock with assets in Cyprus worth €689m in the first half of 2016, the bank said.
The Board of Directors of Bank of Cyprus Public Company Ltd, decided toappoint Lyn Grobler as a Non-Executive member of the Board of Directors, subject to approval by the European Central Bank.
Hellenic Bank, Cyprus’ third largest lender, announced a net profit of €1.1m in the first six months of 2016, more than twice as much as it posted in the respective period of 2015.
Bank of Cyprus, the island’s largest bank, said that it generated an after-tax profit of €56m in the first half of 2016, as its profit in the second quarter shrank to €6m, in line with a profit warning issued on July 28.
A natural gas pipeline from the EEZ of Lebanon to Turkey would be much more economically beneficial and viable than a pipeline from Israel say Lebanon official circles, adding that Lebanon has its own natural gas deposits, on par with those of Cyprus, Israel and Egypt.
Legacy Laiki, the holder of assets that remained with the now defunct Laiki bank, reached an agreement with investors to sell its subsidiaries in Serbia, Russia and Ukraine, pending regulatory approval.
Bank deposits recorded a net rise in July 2016 for the fourth consecutive month, increasing by €1.13bn since March 2015, the Central Bank of Cyprus (CBC) said recently.
Economic sentiment in Cyprus improved as the Economic Sentiment Indicator increased by 5.1 points compared to July 2016, as a result of the pickup of business confidence in services, retail trade and industry.
Cyprus’ government decided to buy back up to €258.5m of outstanding domestic government securities maturing between April 20, 2020 and July 1, 2021, the Finance Ministry said recently.
Top quality medical practitioners and state-of-the-art facilities, coupled with 340 days of sunshine and crystal blue seas have established Cyprus as a destination of choice for the growing number of international medical tourists.
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