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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 ...
Reliable and transparent procedures with regard to the management of public resources is a prerequisite for restoring citizens' and investors' confidence in the Cypriot economy, Minister of Finance Harris Georgiades said recently.
China's fourth-largest airline HNA Group's takeover of the airport luggage handler Swissport International got the green light from the antitrust body of the European Union (EU).
Finance Minister Harris Georgiades said that Cyprus is not facing another real estatebubble, adding that the government is prepared to further help banks reduce their non-performing loan stock by improving the responsiveness of the judiciary.
President Nicos Anastasiades met the management of Cyprus’ largest credit institutions recently in an effort to persuade the banks to increase the pace of restructuring non-performing loans (NPLs).
Bank of Cyprus will make further progress in reducing the level of its non-performing loans before selling new debt, Chief Executive Officer John Hourican said recently.
The European Bank for Reconstruction and Development announced the launch of a Small Business Support (SBS) Programme in Cyprus, as part of its effort to support small businesses and help them improve their performance.
Cyprus is entering a new era of growth and prosperity due to the hard work of the people and the responsibility exhibited by the political parties, President of the Republic Nicos Anastasiades said recently.
Selling loans is not part of the cooperative credit institutions' (CCI's) strategic planning, said Nicholas Hadjiyiannis, the Cooperative Central Bank (CCB) Committee Chairman, recently.
The Natural Gas Public Company (DEFA), tasked with reaching agreement with a supplier for the so-called ‘interim solution’ to replace oil as the state power company’s (EAC) electricity-generation fuel with imported gas at lower cost, resumed work after its new board was appointed.
Cyprus and the EU are economies of micro enterprises, with over 90% of businesses employing fewer than 10 people, according to the latest data from Eurostat.
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