George Panteli: Approximately 1,900 Cypriot companies subject to new 15% corporate tax rate

The Finance Ministry’s Permanent Secretary believes the rate’s global nature means impacted companies are unlikely to leave Cyprus

07:15 - 06 September 2024

Industrial Turnover up 2.6% in June

For the period January to June 2024, the index recorded an increase of 2% compared to the same period last …

14:52 - 05 September 2024

Vassiliko Terminal: London Court of International Arbitration reserves its decision on guarantees

CMC in July announced it was terminating the contract for the construction of the LNG terminal in Vassiliko

13:04 - 05 September 2024

The EAC is concerned but will not reject the GSI "if it is for the benefit of consumers”

Energy associations that are members of the Cyprus Employers and Industrialists Federation have also expressed concern

09:32 - 05 September 2024

Turnover in Transport and Storage up by 1.8% in Q2 2024

Increases relative to the second quarter of the previous year included within the activities of land transport by 6.7%

08:06 - 05 September 2024

Retail trade up 3.4% in value and 1.2% in volume in July

For the period from January to July 2024, the Value Index recorded a 5.0% increase

07:33 - 03 September 2024

Costas Markides: Corporate tax harmonisation could make Cyprus more attractive

The country's adoption of the legislation could add to its attraction as it will bring Cyprus in line with wider …

07:11 - 03 September 2024

Cyprus economy grows 3.6% y-o-y in Q2

Cystat said the increase was driven mainly by construction, hospitality, and ICT

16:07 - 02 September 2024

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State aiming for a Single Supervisory Authority by the end of the year

The relevant bill is currently being drafted in spite of some professional bodies raising concerns

08:46 - 02 September 2024

Eurostat: Holiday package prices increase in both Cyprus and the EU

In Cyprus, the consumer price of package holidays in July 2024 was 16.7% higher than July 2023

08:03 - 02 September 2024

Minister of Transport and Logistic Services of Saudi Arabia, Eng. Saleh Aljasser

Saudi Arabia Transport Minister to pay official visit to Cyprus

The Minister will meet with his Cypriot counterpart and the Deputy Minister of Shipping and visit Limassol Port

07:57 - 02 September 2024

Cyprus "seeking EU-backed financial support mechanism for Great Sea Interconnector"

Sources say the government is in discussions with Greece and the EU to find a legally compliant solution within the …

07:54 - 02 September 2024

Partners in Cyprus' Aphrodite gas field submit updated $4b development plan

The development of the Aphrodite field is considered to be a step in strengthening regional natural gas cooperation

07:50 - 02 September 2024

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Economy

George Panteli: Approximately 1,900 Cypriot companies subject to new 15% corporate tax rate

Industrial Turnover up 2.6% in June

Vassiliko Terminal: London Court of International Arbitration reserves its decision on guarantees

The EAC is concerned but will not reject the GSI "if it is for the benefit of consumers”

Turnover in Transport and Storage up by 1.8% in Q2 2024

Cabinet to reconvene on GSI electricity interconnection

Registered unemployed rate down 9% y-o-y in August

Strong gains in turnover in administrative services, real estate and accommodation in Q2

Petroleum product sales up 1.6% in January-July

ΜED9 to send message on a holistic approach to water scarcity, says Minister

EU Commissioner underlines need to support farmers in crisis situation

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