Cyprus realty sales reach €1.7 bln in Q1
The total value of properties sold in Cyprus in the year’s first quarter was 1.7 billion euros.
CYPRUS
-
CYPRUS
May 9, 2023 -
CYPRUS 
May 7, 2023 Cypriot firms struggle with sanctions
The business registrar in the Republic of Cyprus has been flooded with requests from companies scrambling to make changes to their structures, after hundreds of firms on the island saw their assets frozen due to new sanctions targeting agencies viewed by Washington and London as “Russian enablers.”
-
CYPRUS
May 5, 2023 Cypriot ex-president denies interfering in soccer probe
Former president Nicos Anastasiades, who has denied accusations that he unlawfully interfered in a soccer match-fixing probe, engaged in a back-and-forth with his accuser after he dropped the bombshell firsthand account allegations during a public podcast.
-
CYPRUS
May 3, 2023 Cyprus cuts VAT to 0% for certain products
The Cyprus Council of Ministers approved a decree during Tuesday’s session, which imposes a zero VAT rate on the delivery of certain products until October 31. These include bread, milk, eggs, baby food, baby diapers, feminine hygiene products, and adult diapers. The purpose of this temporary measure is to ease the burden on households coping […]
-
CYPRUS
May 2, 2023 New criteria for migration in Cyprus
A revised set of criteria on the expedited process for granting immigration permits to third-country nationals who invest in Cyprus come into effect on Tuesday, the island’s Interior Ministry has announced.
-
CYPRUS
April 30, 2023 Cyprus ship management takings rise
Revenue from Cyprus’ ship management industry continued its upward trend in the second half (H2) of 2022, reaching 648 million euros, up 25.6% year-on-year.
-
CYPRUS
April 28, 2023 Cypriot NPLs show growth in January
Nonperforming loans in Cyprus rose by 12.8 million euros in January 2023 compared with December 2022, amounting to €2.32 billion or 9.5% of total loans.
-
CYPRUS
April 26, 2023 E-kalathi to be Cyprus’ tool for smart shopping
Based on the Cypriot government’s timeline, the introduction of e-kalathi, a new digital platform for monitoring retail product prices, is expected to take place around early 2024. The bill has been given the green light by the Council of Ministers and will soon be presented to the Parliament.
-
CYPRUS
April 25, 2023 Cyprus offers to assist in evacuations from Sudan
Cyprus said on Tuesday it had activated a humanitarian rescue mechanism for the evacuation of third-country civilians through the island from Sudan.
-
CYPRUS
April 23, 2023 Cyprus ditched energy from renewables
The issue of storing electricity from renewable energy sources in Cyprus has become a problem due to extensive production rejections of both large and small photovoltaic parks by the Transmission and Distribution Operators on Easter Sunday and Monday. This has resulted in economic losses as excess energy cannot be stored and is rejected.
