While inflation rates have fallen in Cyprus for a sixth consecutive month, consumer prices went up by 0.3 per cent in April after a 1.02 per cent rise in March. In an interview with Euronews, Finance …
Government may lower VAT on more products, says finance minister
Finance Minister Makis Keravnos said on Monday that they are working towards lowering the VAT rate in general in Cyprus, adding that the government would mostly likely also further extend a measure …
Cyprus property sales hit €1.7 billion in first quarter of 2023
The value of real estate sold in Cyprus during the first quarter of 2023 reached €1.7 billion, according to a report released on Monday by the Department of Land and Surveys. In a separate …
Spiralling rents in Cyprus unprecedented and alarming
The housing situation in Cyprus has become a matter of great concern, with rental prices soaring to unprecedented levels. While the reasons for this situation are multifaceted, it is evident that …
Finance ministry says it froze €1.5 billion in Russian assets
The finance ministry on Friday hit back over reports Cyprus had a low amount of Russian oligarch assets frozen, compared to other EU counterparts. The ministry’s permanent secretary George Panteli …
Cyprus behind on freezing Russian assets, EU official says
NICOSIA, Cyprus (AP) — The European Union’s executive arm wants to delve deeper into why Cyprus has only frozen 100 million euros ($110 million) worth of assets belonging to Russians facing sanctions …
Cyprus behind on freezing Russian assets, EU official says
NICOSIA, Cyprus (AP) — The European Union’s executive arm wants to delve deeper into why Cyprus has only frozen 100 million euros ($110 million) worth of assets belonging to Russians facing sanctions …
Cypriot economy strong despite challenges, finance minister says
Despite the global uncertainty, the Cypriot economy continues from a strong position in 2023, according to Minister of Finance, Makis Keravnos. Speaking at the forum of the Cyprus association of …
Cypriot economy strong despite challenges, finance minister says
Despite the global uncertainty, the Cypriot economy continues from a strong position in 2023, according to Minister of Finance, Makis Keravnos. Speaking at the forum of the Cyprus association of …
‘Our credibility must be safeguarded’: Cyprus in turmoil after Russia sanctions
Island shuts 10,000 Russian bank accounts as US and UK put Cypriot lawyers and accountants under sanctions for enabling oligarchs including Roman Abramovich …