Tourist arrivals in Cyprus experienced an increase of 18.5 per cent in April 2023, compared to the same period last year, according to a report released by the Cyprus Statistical Service (Cystat).

The Cyprus Statistical Service (Cystat) on Wednesday reported a notable deceleration in harmonised inflation for the month of April.

Cyprus and Israel are working on a deal for a pipeline carrying natural gas from both countries to the island, where it will be liquefied for export to Europe and potentially elsewhere, Energy Minister George Papanastasiou has said.

Cyprus, Greece and Lebanon signed a memorandum of understanding on tourism on Friday in Athens, with the aim of further strengthening and upgrading the cooperation of the three countries in the sector.

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Companies registered with the Department of Registrar of Companies and Intellectual Property (DRCIP) of the Republic of Cyprus have an obligation to pay an annual fee (frequently referred to as annual levy) of €350 by 30th June each year, throughout their lifecycle.

President Nikos Christodoulides addressed the Cyprus Shipping Chamber’s annual general meeting, praising the association for its efforts in boosting the local maritime sector, and consequently elevating the country’s profile on the global stage.

In the very recent decision of Re Mosaica Investments Limited, Petition No. 573/2022 DC. Nicosia, Interim Decision dated 21.02.2023, the Cypriot Court, by following relevant English and Cypriot case, proceeded to set aside a notice of appearance filed by a lawyer on behalf of a Respondent Company in a Winding up Petition.

The value of real estate sold in Cyprus during the first quarter of 2023 reached €1.7 billion, according to a report released by the Department of Land and Surveys.

With the implementation of the state’s action plan, combined with the quality services and incentives Cyprus offers, there is growing confidence that Cypriot shipping will maintain its resilience and competitiveness, Deputy Minister of Shipping Marina Hadjimanoli has said.