The Registrar of Companies and Official Receiver has struck off 84,780 companies to date due to lack of reporting or wilful liquidation as some were dormant and had no directors. The decision is probably the result of the EUR 300 annual tax levied on all companies in recent years, as part of the cash-strapped government’s

Property sales rose by 19.79% year-on-year to 454 in December, an outcome which was expected, given last year’s low base, said Alpha Bank Cyprus Treasury’s Alexis Kitromelides and Stavros Hadjichristofi, in their weekly report. The rise last month compared to 379 property a year earlier and 370 in November 2014 for a 22.7% monthly gain.

The number of unemployed dropped by 5.11% y-o-y to 47,886 in December, compared to 50,467 in December 2013 and 47,603 in the previous month (+0.59% m-o-m). In addition, on a seasonally-adjusted basis the number of registered unemployed decreased to 46,586 in December, compared to 48,999 a year ago (-4.92% y-o-y) and 47,092 in the previous

 * 70% of adult population of Cyprus is on Artemis database * The best way to improve your credit history is also the simplest way – just pay your instalments on time. This is what Artemis Bank Information Systems, the consumer credit bureau established in 2009 and owned by the Association of Cyprus Banks, has

The European Competition Commission is expected to rule on Thursday whether some 100 mln euros provided to Cyprus Airways is deemed as state aid and needs to be paid back, effectively bankrupting the ailing national carrier. Transport Minister Marios Demetriades said that the government is preparing for any outcome and in the case that the

The Troika of international lenders has informed the Ministry of Finance that it is suspending its forthcoming visit to Cyprus, scheduled for January 20, because the island’s parliament has postponed the law on foreclosures until January 30. President Nicos Anastasiades said on Monday that he will send back to parliament (veto) the revised bill that