Russia’s finance ministry said it is scrapping an agreement with Cyprus aimed at avoiding double taxation after talks to modify the deal failed, Reuters reported. It said that legal changes would make
Two reports by the University of Cyprus show the Cypriot economy in decline and the uncertain growth trend for 2020 with the main retardant being the coronavirus-imposed lockdown in March and its
A €374 mln floating storage and regasification unit jointly financed by the European Bank for Reconstruction and Development, the European Investment Bank and the European Union will help Cyprus benefit from cleaner
Pieris Markou, tax and legal practice leader of Deloitte Cyprus, is taking the reins of the Big Four firm from June next year, after incumbent CEO Christis Christoforou decided to step down
Deposits and loans in the Cyprus banking system registered a net increase in June with total deposits amounting to €47.8 bln while total loans edge up to €32.2 bln. Central Bank of
RCB Bank has expanded its card products offering for domestic RCB Classic package customers, by launching a new credit card, the Mastercard Standard. RCB customers in Cyprus now have a choice in
By Demetra Kalogerou The recent crisis in the health and economy sector caused instability in the international financial markets, which in turn boosted markets such as forex, which prior to the COVID-19
Cyprus banking sector capital levels reached a historic high in 2019, placing Cypriot banks on a better footing to face the financial havoc wreaked by the coronavirus outbreak. According to Central Bank
Transport Minister Yiannis Karousos has ordered a probe into three incidents in as many weeks investigating possible safety faults on buses employed by the Cyprus Public Transport company, which took over the
RCB Bank, operator of the alternative retail payments terminals and Mastercard have joined forces to launch a cash-back service at all RCB point of sale (POS) terminals, using Mastercard debit cards. Saving
