The European Commission is turning the screw on the Cyprus Republic over its failure to amend the law governing reduced VAT for the purchase of first homes. Brussels’ patience is wearing thin and it …
European Commission gives Cyprus a month to amend property VAT laws
The European Commission has given Cyprus until mid-February to enact new legislation governing the levying of reduced VAT on properties, otherwise it will move infringement proceedings forward.
Fourteen candidates join race for Cyprus presidency in Feb. vote
Fourteen candidates formally joined the race on Thursday to become Cyprus’s next president in an election next month dominated by the island’s decades-old division, irregular migration and corruption …
Petrides says Cyprus fifth in absorption of EU Cohesion Funds
Cyprus ranks fifth among EU member states as regards absorption from the EU cohesion funds, Finance Minister Constantinos Petrides said on Saturday. He added that the “challenge” now is to record the …
Looking ahead to 2023: House prices in Cyprus
Pavlos Louizou considers the factors that will affect house prices in Cyprus in the year ahead given inflationary pressures and other factors.
Sevastopol’s Russian-appointed puppet governor moves family and property to Cyprus
Mikhail Razvozhayev, the so-called “governor” of Sevastopol, has moved all his property, including his dogs and cats, to Cyprus. Source: Special Operations Forces of the National Resistance Center …
Real estate will stabilise after mini-boom
Industry pundits believe that the Cyprus real estate sector will stabilise after hitting a record number of sales since 2008.
Annus Horribilis for Cyprus banks
Banks already feel the pressure to closely monitor big exposures and take pre-emptive action to minimise potential damage from bad loans.
Jaishankar In Cyprus: Veiled Attack On Pakistan And China, G20 Presidency, Defence Agreement; All You Need To Know
External Affairs Minister S Jaishankar on Friday told investors in Cyprus that India is on the path of becoming a manufacturing hub for the global community and intended to become a USD 5 trillion …
FRO – Redomiciliation of Frontline to Cyprus is Effective
Frontline plc (“Frontline” or the “Company”) (NYSE: FRO – OSE: FRO), formerly Frontline Ltd., refers to its announcement on December 20, 2022 regarding the approval by Frontline’s shareholders at the …