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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 ...
Paphos looks set to have a building boom in 2017, based on building permit figures from the Statistical Service (Cystat).
A percentage of 22.2% of young persons in Cyprus were in 2015 neither in employment nor in education or training, according to information issued by Eurostat, the statistical office of the European Union, on the occasion of International Youth Day.
Demand for loans by households and businesses has been on the rise since the beginning of 2015, a trend that is expected to continue in 2016.
According to the Cyprus Statistical Service, the trade deficit was up €648 million in January-May 2016 year-on-year.
The sale of luxury apartments in the Ayia Napa marina has begun, with the first buyers being from abroad.
Former Chief Executive Officer (CEO) of the Cyprus Development Bank, Takis Taoushanis, has been appointed as the new chairman of the Cooperative Central Bank (CCB) according to an announcement by the CCB.
Building permits were up in the first five months of the year, according to figures released recently by the Statistical Service.
Energy cooperation between Cairo and Nicosia, developments on the Cyprus issue and the promotion of business projects were the focal point of recent discussions between Foreign Minister Ioannis Kasoulides and Egypt’s political leadership.
Credit institutions are set to announce their fiscal results for the first half of 2016, with all managing boards hoping for a break from the results of the past five years.
Cyprus is now well into its third year of deflation. According to the EU-harmonised consumer price index, prices fell by 0.4% in 2014, 1.5% in 2015 and by 1.9% in the first half of 2016.
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