Calls for other revisions to taxation Visas “could be the final straw” Business is being diverted from Cyprus owing to cumbersome rules on stamp duty, according the Cyprus International Business Association (CIBA), which has also called for a wide range of reforms in other areas that affect the international business sector. The international business sector

Emporiki Bank Group S.A. of Greece announced that it has reached a memorandum of understanding with two Cypriot investors to sell its 75.02% stake in its local subsidiary, Emporiki Bank (Cyprus) Ltd. The deal, that is subject to regulatory approval, is expected to benefit consumers as well as the overbanked and already saturated market, as

The number of building permits authorised in May was stagnant compared with the same month of 2004, but the value of building permits and the area to be constructed rose sharply. The total number of building permits authorised recorded 707 in May 2005, the same number as in May 2004. The value of permits, however,