The new foreign company legislation for the ‘deoffshorisation’ that was approved in November 2014 and came into effect from January 1 2015, has already had a positive impact on the business services sector, as well as the employment sector in general.

While the government managed to reduce fiscal imbalances and restore market access, it may still have some way to go before it achieves an investment-grade credit rating, the Central Bank of Cyprus said recently.

The government had collected €84.48 million from the immovable property tax (IPT) 2015 by December 3 2015, which accounts for some 82.25% of the total amount owed.

The upcoming visit to Nicosia of Chinese Minister of Foreign Affairs Wang Yi will further prove that China and Cyprus are true friends and good partners, ambassador Liu Xinsheng said recently.

Emirates is offering special package deals for travelers from Cyprus for January 1 to February 1, 2016 to Dubai for shopping.

Around 8,000 couples from abroad chose Cyprus as their wedding destination in 2015, with the number steadily climbing over the years, according to the Cyprus Tourism Organisation (CTO).

Cyprus Stock Exchange Chairman Marios Pilavakis says his appointment as a member of the Board of the Federation of European Securities Exchange (FESE) is a great success.

The Bank of Cyprus announced that it has been notified by the Ministry of Finance that on 16 December 2015 the Government will fully repay a bond held by the Bank of an amount of €340m.

Cyprus is back in the Top 10 for real estate enquiries worldwide it was announced recently by the property website Cyprus Property News.

On the 11 of December 2015, during the Cyprus’ President’s official visit to Ukraine, the new Protocol on the Double Tax Treaty between the two countries was signed between the representatives of the two governments.