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 …
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 …
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 …
Cyprus will require coronavirus test from Israelis due to morbidity spike
Reports from the neighboring island of Cyprus indicate that the Cypriot Health Ministry has changed Israel’s category from A to B, retracting the planned exemption for Israelis scheduled for June 20.
Cyprus resumes commercial flights after ending 11-week ban
An Israeli airliner with 22 passengers aboard became the first commercial flight to touch down in Cyprus after the east Mediterranean country reopened its airports following an 11-week ban aimed at …