Cyprus tax system attack confirmed
Cyprus is indeed one of the targets of the European Commission’s plan to attack low-tax Member States – and that plan is most likely to...
Cyprus Business News
Former Eurovision band Minus One now struggles to keep business alive
The music business is a tough one, but Cyprus favourite Minus One seemed to have it pegged, particularly after appearing on the Eurovision Song Contest....
Citizenship-by-investment: Oleg Deripaska, Russian industrialist and philanthropist
Recently, Oleg Deripaska has been making headlines in Cyprus over the issue of his Cypriot citizenship – it could be rescinded as part of the...
Cyprus flour mill gets help from EBRD
The Famagusta-based Savvas Hadjigiorkis and Sons Ltd (Hadjigiorkis Flourmills) has collaborated with the EBRD to improve its talent pool and to work with international professionals...
Cyprus faces possible attack on taxes by EU Commission
Cyprus faces a potential attack on its low-tax system by the EU Commission, the Financial Times reported today. The huge amount of funding required by...
Cyprus real estate sales to foreign buyers drop off
The share of foreign investors in real estate declined by more than 62 per cent during the first half of 2020 from the same period...
Top chef and businessman warns Cyprus: Don’t lose your authenticity
“Cyprus is losing its authenticity, We should work to preserve with pride our roots and remain authentic. We should put more emphasis on the authenticity,...
Cyprus sees dramatic decline in exports and imports
In April and May, Cyprus saw a dramatic decline in imports and exports, according to data from the Statistical Service of Cyprus released on Friday....
Cypriots turn to controversial IQOS to quit smoking
The smoke-free electronic device IQOS, which is quite popular in Cyprus, has been authorised by the U.S. Food and Drug Administration (FDA) for market distribution....
Only 20 hotels in Paphos expected to reopen this month
Around 20 Paphos hotels are expected to reopen this month according to the district’s hotel association. Chairman of the association Thanos Michaelides told the Cyprus...
Ayia Napa marina construction works back at full speed after lockdown
Construction works at the Ayia Napa marina have resumed after a forced break imposed by the coronavirus pandemic, with the final completion now scheduled for...
Cyprus entrepreneurs launch startups despite crisis
Cyprus entrepreneurs, undaunted by the pandemic and the economic crisis, have gone right on starting up new businesses. Three entrepreneurs talked to the Cyprus Mail...
Cyprus housing prices rise despite pandemic
Cyprus housing prices increased slightly in the first quarter of 2020, with a percentage lower than the EU average. According to data published by Eurostat,...
Cypriot expat billionaire Christodoulou still drinks Zivania, and loves Cyprus
At the age of 18, Cypriot expat John Christodoulou, at that time unemployed, convinced the landlord who owned a small shop in Hatton Garden —...
Businesses receive much needed support from emergency state funding
Cyprus’ stimulus measures are expected to support employment and household incomes and help businesses to continue investing and maintaining their capacity, thus somewhat mitigating the...
Cyprus businesses can get loans with low (subsidised) interest rates
Cyprus businesses, large and small, can obtain loans at low interest rates — the rates have been subsidised by a Finance Ministry programme provided with...
EU adds more support for wineries, but Cyprus producers are skeptical
The EU wants to help winemakers, but will it be enough to keep producers afloat? The European Commission adopted on July 7 an additional package...
Cyprus retail trade drops 30.3% in April
Cyprus retail trade declined by 30.3 per cent in April from the previous month, according to figures from Eurostat, the statistical office of the European...
CySEC fines Commerzbank for market manipulation
The Securities and Exchange Commission (CySEC) has fined German Commerzbank €650,000 for market manipulation in connection with the now defunct Laiki Bank’s (CPB) activities and...
Moody’s says Cyprus tourism, construction, services will recover by 2021
The major sectors of Cyprus business are expected to recover within two or three quarters, according to a credit rating report released by Moody’s this...
