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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 ...
The Cyprus Chamber of Commerce andIndustry(CCCI) and the Cyprus-China Business Association signed a cooperation agreement with the China-UK Business Association and the China-Britain Business Council, aiming to promote Cyprus as an international investment and business centre.
The latest figures for the EU-harmonised consumer price index (HICP) confirm the deflationary trend in Cyprus, with prices measured by the HICP dropping year on year by 2.1% in April 2016 after a decline of 2.2% in March according to the Statistical Service, Cystat.
Holders of Cypriot cards used plastic money for purchases in Cyprus worth €189m in April 2016 and €764m in the first four months of 2016, which was 14% and 7% higher compared to the respective periods of 2015, JCC Payment Systems said recently.
The Ministry of Energy, Commerce, Industry and Tourism said that Poseidon Grand Marina of Paphos was the successful bidder in a competition for the construction of a marina in Paphos with a capacity of 1,000.
Revenue from tourism rose 22% year-on-year in February 2016, to €37.6m, the statistical service said recently.
“Cyprus Needs a Compromise and Common Efforts” says Stavros Pavlou, Senior & Managing Partner of Patrikios Pavlou & Associates LLC in an interview as published in the April-June 2016 issue of the Cyprus-Russian Successful Business Magazine.
Though initially Cyprus was to borrow €10 billion from the Troika, the final balance sheet shows the amount to be precisely €7,248,793,691, which it must pay back by 2031.
The President of the Paphos Chamber of Commerce and Industry Andreas Demetriades will visit China, accompanied by the President and General Manager of the CTO between May 14-19 2016, aiming to increase the tourist market from the Asian country.
Bank of Cyprus (BoC) is expected to report a significant reduction of non-performing loans (NPLs) and Emergency Liquidity Assistance (ELA) for the first quarter of 2016 according to a trading update issued recently.
Permasteelisa Group, the worldwide leading contractor in engineering, project management, manufacturing and installation of architectural envelopes and interior systems, announced the geographic expansion of the company to new territories including Cyprus.
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