Rents to be paid electronically as of July 1
The tax department on Wednesday issued an announcement saying that as of July 1, the payment of rent in Cyprus can no longer be paid in cash but must be paid ...
The cash you may no longer use
From next month, a category of ordinary, lawful payment between two consenting adults becomes illegal to settle in cash in Cyprus. That category is rent. The change is arriving with ...
€200,000 hidden in socks seized at Paphos airport
Nearly €200,000 in undeclared cash was seized from a Ukrainian passenger at Paphos airport by customs officers after the money was discovered hidden inside socks in his luggage.
The customs department ...
Our View: A cashless future can wait – people still need ATMs
MPs this week lambasted banks for the lack of ATMs, particularly in mountainous and remote areas, giving them a one-month deadline to come back with a plan for more extensive ...
Card payments rise in Cyprus
Cypriots are using their cards more than ever, new data from the European central bank reveals. In the first half of 2024, card payments made up 73 per cent of all cashless ...
House committee approves cash restrictions law
The House ethics committee on Monday unanimously accepted the referral by the president of a law passed on December 5 to limit large cash transactions.
The issue will now be tabled ...
President sends back €10K cash limit law over error
President Nikos Christodoulides on Thursday sent back to parliament a law passed two weeks ago that makes illegal transactions in liquid assets of over €10,000.
The president refused to sign off ...
Cash transactions over €10,000 now illegal
Transactions of over €10,000 done in liquid assets, such as cash, are now illegal and punishable by fines or even jail time, under a law passed by parliament on Thursday.
Drafted ...
Large quantity of cash found on passenger bound for UK
A total of €45,000 in cash was found in the luggage of a passenger attempting to depart Paphos airport and fly to Stansted airport in the United Kingdom, the customs department ...
Questionable performances of Cyprus banks
Large increases in profits not due to better performance in using the funds of depositors to improve the economy
Recent media reports on the performances of the largest Cyprus banks ...
€400,000 in cash seized from airline passenger in Paphos
Customs agents seized hundreds of thousands of euros from a passenger arriving in Paphos airport on Saturday, authorities said.
According to an announcement from the customs department, agents seized €400,000 from ...
End of legal loophole that lets retailers charge more for card use
The commerce ministry is to draw up legislation to close a loophole in the law that allows vendors to charge extra to consumers using credit cards.
The legislation will allow ...
Four people in two months caught entering north with bags of money totalling over 4m euros
In the last two months, four people have been arrested entering the north of the island with suitcases and bags of money totalling over 4 million euros, it was reported on ...
Burglars steal €30,000 from house in Yeroskipou, also take CCTV system
Burglars netted around €30,000 euros in cash from a house in Yeroskipou, police said on Sunday.
Paphos CID is investigating. Police said the culprits had also taken the CCTV system set ...
Cashback services expected to become widespread in coming months
Hundreds and eventually thousands of shops are expected to sign on to the cashback programme which Cyprus Banking Association spokesman Andreas Kostouris on Wednesday said will become widespread across all ...