Cyprus’ services sector is betting on tax incentives to attract talent and promote headquartering to counter the impacts of the war in Ukraine and sanctions on Russian funds and companies. Soon after
The end of the Cold War, after the dissolution of the Soviet Union, left a situation based on promises but nothing in writing. East Germany was incorporated into the Federal Republic of
There is a large consensus among Europeans in favour of the EU’s swift united response to Russia’s invasion of Ukraine, according to a Flash Eurobarometer survey. The majority of Europeans think that
The University of Cyprus downgraded its projection for economic GDP growth this year to 2.6% due to the Russian invasion of Ukraine, warning of potential deterioration in asset quality in the banking
The government aims to reduce public debt to 94% of GDP in 2022, but this target could be affected by the economic crisis, and the war in Ukraine, said Finance Minister Constantinos
The war in Ukraine is hurting the Cyprus real estate industry, with the already inflated cost of building materials pushed even higher as obstacles for international trade increase. According to the Central
Cyprus’ influential Orthodox Church leader Tuesday criticised Russian President Vladimir Putin for waging an “unchristian and nonsensical” war against the people of Ukraine. Archbishop Chrysostomos II publicly criticised the invasion of Ukraine
Finance Minister Constantinos Petrides is pleased with Cyprus’ recent upgrading by rating agency DBRS Morningstar from BBB(Low) to BBB, revising its outlook from positive to stable. Petrides said in a statement: “DBRS
European Central Bank President Christine Lagarde warned Wednesday that a prolonged Ukraine conflict would keep energy prices and the cost of living for Europeans spiralling. During her visit to Cyprus, she said
Lawyers, auditors, and accountants have taken a direct hit from the war in Ukraine and sanctions imposed on Russia, estimating revenues have shrunk 15% in the aftermath of the conflict. The EU
