EU tourists jump 22% since 2019

Cyprus tourist arrivals have reached 80% of pre-pandemic 2019, with visitors from the EU boosted by 22%. Tourism Minister Savvas Perdios told MPs the EU tourism market is “the most stable framework

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Cyprus has largest tax-to-GDP rise

Cyprus had the largest rise in the EU in its tax-to-GDP ratio, meaning the sum of taxes and net social contributions as a percentage of gross domestic product, according to Eurostat data.

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Russia sanctions on shipping ‘manageable’

The impact of European Union measures against Russia on Cyprus’ maritime industry is “totally manageable,” said shipping minister Vassilis Demetriades. Briefing the parliamentary committee on budgetary affairs, Demetriades said that 144 ships

Cyprus to deport troublemakers at migrant camp

The government intends to proceed with the immediate deportation of those who took part in violent clashes at the Pournara Reception Center, Interior Minister Nicos Nouris said. He visited the migrant centre

40 new challenger banks in past year

The appetite for challenger banks remains high as consumers increasingly embrace digital solutions to benefit from elements such as convenience in banking. Consequently, more challenger bank operators are joining the market while

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