Russia is about to remove Cyprus from its “black list” of targeted tax havens, after the Duma passed a law this week to ratify the Protocol to the Double Tax treaty between
The island’s two main business associations, the Cyprus Chamber of Commerce and Industry (KEVE) and the Employers and Industrialists Federation (OEV) have submitted proposals calling for the abolition of shop hour regulations
Central Bank of Cyprus Governor and ECB Council member Athanasios Orphanides has said that the trust which the Eurozone had enjoyed in the past is now severely damaged due to the fact
* Turkey provokes with east Med exercises * Cyprus and Israel discussed future energy cooperation during a visit by Israeli Prime Minister Benjamin Netanyahu on Thursday, as Turkey warned the island that
Israeli Prime Minister Benjamin Netanyahu is in Cyprus on Thursday to discuss energy cooperation, a subject that has already irritated Israel's former ally Turkey, which challenges Cyprus's jurisdiction over offshore gas finds.
* Provokes with naval exercise in Noble's Block 12 * Cyprus has accused Turkey of using "bullying behaviour" in some of its harshest criticism yet of its old foe, locked in a
Cyprus' GDP growth rate in real terms during the fourth quarter of 2011 is negative and estimated at -0,5% over the corresponding quarter of 2010. According to the Flash Estimate compiled by
Revenue from tourism recorded an annual increase of 12.9% in 2011, according to the Republic’ Statistical Service. On the basis of the results of the Passenger Survey, revenue from tourism reached 41.6
**But GDP down 0.5% over year earlier ** Cyprus just missed recording official recession in the fourth quarter of 2011, as GDP growth in seasonally adjusted terms stagnated compared with the previous
The Cypriot economy has a lot of prospects to recover, especially after the findings of hydrocarbon reserves in the island’s Exclusive Economic Zone (EEZ), Cypriot Nobel Prize winner, Christopher Pissarides has said.
