Cyprus recently sent Israel a proposal on how to jointly develop the Aphrodite-Yishai gas field, about 10% of which is in Israel’s exclusive economic zone, and the rest of which belongs to Cyprus.
Cyprus President Nicos Anastasiades’ visit in Israeli postponed
The June 23 visit was ear-marked for discussions on improving tourist relations between the countries as well as discussing potential cooperation between Israel, Cyprus and Greece.
Press review: What are Telegram’s prospects and Cyprus may lose its offshore luster
According to experts interviewed by Izvestia, officials decided not to leave Telegram’s multi-million audience outside the legal framework, and the service’s owner Pavel Durov probably made some …
Cyprus property sales expected to stabilise, experts say
Industry experts expect property sales in Cyprus to stablise, as the country emerges from the novel coronavirus crisis. The number of property sales dropped 71 per cent in May in terms of number of …
EBRD increases trade support in Cyprus, doubles BoC limit
The European Bank for Reconstruction and Development (EBRD) said on Thursday it had doubled the trade finance limit to Bank of Cyprus by €50 million to €100 million. The bank said in a release …
Cyprus: Notional Interest Deduction (NID): Cyprus Income Tax Law Amendment Approved By Parliament
Amendments to the annual NID rate Under the current Cyprus NID provisions the annual NID rate is determined by reference to the yield rate of the 10-year government bonds of the country where the …
Coronavirus: Cyprus released among the highest proportion of prisoners
Cyprus is among the countries that released the highest proportion of prisoners in the early stages of Covid-19, according to a study by the Council of Europe released on Thursday. The research …
FCA Bans 3 Cyprus Firms From Selling Risky Derivatives
Britain’s finance watchdog said Monday that three Cypriot companies have been banned from selling so-called contracts for difference to clients in the U.K. as it cracks down on the speculative …
Israel Seeking to Restart Flights to Greece and Cyprus
Israel has set a target of Aug. 1 to restart commercial flights to neighboring Greece and Cyprus, Prime Minister Benjamin Netanyahu said on Tuesday.
Four Melco-led casinos in Cyprus now back in business
This past weekend saw the casino operator start to welcome back gamblers to four of its five casinos in Cyprus. […]Read …