The online tax statement platform Taxisnet will be open to receive individual and corporate income tax statements for the year 2022 in the coming weeks, according to the Tax Department. Although the
Last year, the average hourly wage and salaries in the whole economy were estimated to be €15.6 in Cyprus but below the €22.9 for the EU and €25.5 in the euro area,
On 12 April, around 10 Cypriot professionals and others woke up to the shock of being sanctioned by the US and the UK and then losing access to their Cypriot bank accounts. Since there
Finance Minister, Makis Keravnos, has asked the Association of Cyprus Banks and the Credit Acquiring Companies for measures to contain rising interest rates for loans up to €350,000 or borrowers will be
The Bank of Cyprus is the first bank in the country and Greece to receive approval from the European Central Bank (ECB) to pay dividends. The lender is expected to resume paying
Cypriot individuals and entities on the UK and US sanctions list will see their assets in the banking system frozen and unable to carry out any transactions in Cyprus. This was confirmed
Ever since the financial crisis of 2011-2012 brought Cyprus banks to their knees, the owners and managers of legacy financial institutions have yet to learn from their mistakes. Cyprus was shut out
Entrepreneurs in the booming high-tech and fintech industry are unhappy that the government withdrew a bill designed to regulate blockchain technologies and crypto assets. As they argue, pulling the plug on the
The Cyprus Securities and Exchange Commission (CySEC) has imposed a €1 mln fine on the Cyprus Investment Firm Itrade Global, for dishonest practices and tolerating conflict of interest by its Spanish tied
Business leaders are concerned over banks swiftly sending loan rates higher but not doing the same for savings. In a statement, the Cyprus Chamber of Commerce and Industry (CCCI) voiced its “extreme
