Fintech major Revolut has received a Markets in Crypto Assets (MiCA) license from the Cyprus Securities and Exchange Commission (CySEC), allowing it to provide regulated crypto services across all 30 …
Cyprus Business Now: economic forum, real estate, digital euro, tax department
The 16th Limassol Economic Forum convened prominent figures to dissect how global disruption is reshaping economies and trade, stressing that resilience, reform, and leadership are crucial for Cyprus …
Revolut Secures MiCA License in Cyprus—Is a Stablecoin Next?
An EU lawyer said the European banking giant is now ‘positioned to legally issue its own stablecoin,’ with a 2026 launch ‘plausible.’ …
Israeli man sentenced to 5 years for illegally selling Greek Cypriot land in breakaway north
A Cyprus court has sentenced an Israeli businessman to five years for developing and selling luxury apartment complexes in the breakaway northern part of the divided island without permission of the …
Israeli Businessman Sentenced for Illegally Developing Cyprus Property
An Israeli businessman, Shimon Aykut, has been sentenced to five years in jail by a Cyprus court for illegal development of Greek Cypriot property in the Turkish-held north. This high-profile case …
Cyprus faces growing housing crunch as demand outpaces supply
Housing scarcity in Cyprus is intensifying, creating a growing crisis that strains residents’ access to affordable homes. With demand outpacing supply, competition among tenants has increased, …
Israeli developer gets five years in jail for north Cyprus land development
A Cyprus court sentences an Israeli businessman to five years in jail for illegally developing Greek Cypriot property in the Turkish-held north of the island, in one of the most politically charged …
Israeli land developer gets 5 years in Cyprus jail for projects in Turkish-held north
Sentence comes after 74-year-old Shimon Aykut reaches plea bargain for cashing out on some 40 properties island’s north …
Foreign direct investment: Cyprus can turn challenges into opportunities
Foreign direct investment (FDI) is a key driver of economic growth, technological advancement, productivity increase and international competitiveness.For small countries like Cyprus, it offers …
Urgent need for property tax reform
There are compelling reasons why the property sector in Cyprus should be subject to greater taxation and, moreover, should be a key part of the forthcoming tax reform.Firstly, in view of mounting …