No impact on financial stability has been recorded so far by the US and UK sanctions against Cypriot people and firms for assisting sanctioned Russian nationals apart from Cyprus’ credibility, Central Bank of Cyprus (CBC) Governor Constantinos Herodotou said, noting that noncompliance would pose “very negative consequences to the economy.”
The economy of Cyprus is expected to grow by 2.6% this year, a full three points lower than the 2022 increase in the island nation’s gross domestic product, the governor of the country’s central bank said on Tuesday.
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 […]
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.
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.
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 said on Tuesday it had activated a humanitarian rescue mechanism for the evacuation of third-country civilians through the island from Sudan.
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.
Encrypted folders with stolen information from Open University of Cyprus may be available on the dark web, where data brokers and identity thieves can now buy access to private information of students and staff after the institution failed to pay ransom.
The Executive Committee of the Hellenic Football Federation (EPO) has announced that the final of the 2022-23 Greek Cup will take place on May 20 in Cyprus, one day before the national elections, accepting the proposal of its president, Panagiotis Baltakos.
