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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 ...
Loan restructurings went ahead at a slow and steady pace to reach a total of €7.76 billion by the end of 2015 according to the Central Bank of Cyprus.
Officials from budget airline RyanAir have been in Paphos to look at newavenues of co-operation with the town.
Paphos, as the mythical birthplace of the goddess of love, is increasingly becoming a popular destination for civil weddings, municipalities and tourist agencies said recently.
US firms are keen to invest in renewable energy sources in Cyprus, former secretary of state Madeleine Albright said in Nicosia recently.
Bank of Cyprus (BOC) Emergency Liquidity Assistance (ELA) was reduced by €100 million in March 2016, to €3.3 billion.
Cyprus recorded a zero budget deficit in 2015 according to the latest figures from the Statistical Service, Cystat.
Cyprus recorded a massive improvement in the amount of EU funds absorbed into the island’s Rural Development Project aiming to develop rural areas and production and encourage the creation of more jobs in the farming industry.
The Ayia Napa beachfront will be redesigned on a budget of €6.5m, and will include new walkways, a bike path, playgrounds, piers, beach volley and beach soccer courts, a skate park, and more.
The new under-ministry, or state secretariat for tourism, could be up and running by January 1, 2017 President Nicos Anastasiades said recently.
A Lebanese investor who has purchased land worth €3.5m in Larnaca recently announced plans to invest a further €15m to build luxury apartments on the site.
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