It is a fact that there is a worldwide effort to reduce the level of tax avoidance. This problem can be met, to an extent, if the liable taxpayer gets some benefit,
The Cyprus Deputy Ministry of Shipping has launched an online discussion platform called COMEshipping (Cyprus Open Maritime Exchange) to engage stakeholders in the maritime community for ideas and views. The platform, www.comeshipping.com.cy,
Cyprus successfully issued an oversubscribed ten-year Eurobond for €1 bln at an interest rate of one percent to beef up its liquidity in the face of a budget deficit caused by the
The Cyprus passport is among the most powerful and desirable in the world for 2022, according to an index prepared by London-based Henley and Partners. Their list is based on various parameters,
Cyprus’ efforts to keep its air connectivity alive through the pandemic have worked after the island registered the third lowest decrease in passenger flights in the European Union in December. While airlines
Cyprus has room to improve in fighting money laundering and the financing of terrorism, despite ‘some’ progress recorded in the past year, the Council of Europe’s anti-money laundering body (Moneyval) said. According
Cyprus will tap the international markets on Thursday by issuing a €1 bln ten-year European Medium-Term Note (EMTN) to cover fiscal needs arising from the pandemic. The Finance Ministry said, “the Republic
The credit profiles of Cyprus’ two largest banks are improving due to significant progress with plans to offload non-performing exposures (NPEs), Fitch Ratings said. The agency expects the Bank of Cyprus (B-/Positive)
Turkish Cypriot authorities have locked in a 40% increase to the minimum wage from 7,000TL (€445) in the north, up from the previous level of 4,970TL (€316), introduced in September. The decision
Tuesday’s earthquake measuring 6.1 in magnitude was one of the strongest quakes ever recorded in Cyprus, with the Geological Survey Department warning of possible powerful aftershocks. The powerful earthquake tremor that struck
