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Posted on June 19, 2020

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 …

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Posted on June 19, 2020

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 …

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Posted on June 18, 2020

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 …

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Posted on June 18, 2020

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 …

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Posted on June 18, 2020

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 …

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Posted on June 17, 2020

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 …

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Posted on June 16, 2020

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.

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Posted on June 16, 2020

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 …

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Posted on June 12, 2020

Golden Visas: Cyprus to Tighten Regulations

Cyprus plans to tighten requirements for its ‘citizenship by investment’ programme following a warning from European authorities earlier this year that the scheme is vulnerable to exploitation by …

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Posted on June 12, 2020

With healthcare in focus, Cyprus reopens for visitors

Cyprus reopened its airports on Tuesday after almost three months of lockdown, hoping its record in dealing with the coronavirus pandemic and a pledge of free medical treatment for any COVID-19 cases …

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