“There is no money” for a second lockdown

The Minister of Finance, K. Petridis, made dramatic remarks yesterday about the situation of public finances, while addressing a harsh warning that...

Urban planning permit within 10 days for residences

New data for the citizens are created by the new urban planning licensing process announced by the Minister of Interior, Nikos Nouris,...

Foreign Minister: Russia is asked to change tax agreements with competitors

Russia's decision to amend the Cyprus-Russia Double Taxation Agreement was the subject of a telephone conversation between President Anastasiadres and Vladimir...

Russia & China speed up de-dollarization process: most trade no longer...

After years of talking about abandoning the US dollar, Russia and China are doing it for real. In the first quarter of...

Zero Dividend Tax on Cypriot companies

From now on, the tax on dividends that Greek taxpayers collect from companies based in Cyprus will be zero. This emerges from a...

Debt to GDP ratio at 86.3% at the end of the...

The ratio of public debt to GDP in the euro area rose to 86.3% at the end of the first quarter of...

Cyprus and Switzerland signed a protocol amending the Treaty on the...

Cyprus and Switzerland today signed a protocol amending the existing double taxation agreement, with both sides stating that the protocol further strengthens...

The Cyprus Government payroll exceeded € 2 billion

During the year 2019 according to a report of the General Accounting Office, Personnel Expenditures amounted to € 2,007 million compared to...

The issue of bank over-indebtedness in loans with State subsidy is...

The Parliamentary Committee on Finance is considering the issue of bank over-indebtedness and borrowers' charges for loans with a state subsidy at...

Reduction 19.5% in beer sales in June due to lack of...

Total beer sales in Cyprus fell by 19.5% year-on-year in June, reflecting a lack of tourist arrivals on the island, although exports...