Cyprus has introduced an incentive scheme for airlines to relocate their base to the island, as aircraft carrying a Cypriot flag are now exempted from stamp duties. Following Parliamentary approval, aircraft registered in Cyprus are now exempted from the tax. Documents related to purchasing or selling aircraft registered in the Cyprus Aircraft Registry are also
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By Naeem Aslam The Bank of Japan has stolen the thunder with its monetary policy move, and it has done what it does best, which is create a massive knee-jerk reaction in the market. The bank has proved once again that traders in the forex market should never expect things to go according to a
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Economic sentiment in Cyprus deteriorated in July due to weaker business confidence in the services sector and lower consumer optimism, according to a University of Cyprus index. The Economic Sentiment Indicator (ESI-CypERC) decreased by 2.7 points to 104.7 in July compared with June (107.4). The Services Confidence Indicator decreased as all of its components deteriorated.
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Greek Cypriot and Turkish Cypriot leaders made a symbolic joint visit to the Committee on Missing Persons anthropological lab to urge people to come forward with information about mass graves. President Nikos Christodoulides and Turkish Cypriot leader Ersin Tatar visited the CMP lab in Nicosia in a move to build trust and confidence. “Both leaders
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Cypriot football clubs in European tournaments have given themselves a platform to advance to the next stage of their campaign with winning performances. Their European ventures were launched on Wednesday when champions Aris Limassol took on Bate Borisov for the second preliminary round of the Champions League and demolished the Belarussian team 6-2. On Thursday,
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By Craig Erlam The ECB raised rates by a quarter point for potentially the final time in the tightening cycle on Thursday, although it refused to give any indication of what will happen going forward. It hiked the benchmark rate to 3.75%, the highest rate since the launch of the euro in 1999. Instead, the
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A creeping genocide is unfolding slowly before our eyes. For over seven months, 120,000 Armenians in Artsakh (Nagorno-Karabakh) remain under complete blockade, with no food, medicine, fuel, gas, or electricity. The only lifeline connecting Artsakh to Armenia was initially blocked by Azeri government-sponsored “peace-advocating” fake “eco-activists” on December 12, 2022. Azerbaijan officially institutionalised the blockage
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Cyprus and Lebanon agreed on more effective measures to manage irregular migration across the Eastern Mediterranean. The agreement was reached during Interior Minister Constantinos Ioannou’s visit to the neighbouring country. According to an official statement, the two countries agreed to create a working group at a technical level to coordinate and undertake measures to manage
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The British Bases Police conducted a three-day seashore campaign at Lady’s Mile and Curium Beach, leading to the arrest of one individual, multiple fixed penalties and written cautions. During the campaign – Operation Jetstream – a total of 22 boats were checked, and a 36-year-old Israeli male living in Limassol is now awaiting a court
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Despite legislation recently introduced to fast-track permits for large construction projects, state services are ill-prepared to respond, argue developers. Developers and industry stakeholders have welcomed the approval of a bill that facilitates licensing of strategic developments over €20 mln but maintain reservations regarding the project’s success. They point out that “the backbone of the industry
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