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Tax incentives offered to attract international and Cypriot professionals to Cyprus have resulted in €406.6 million in tax exemptions over a three-year period, benefiting 25,277 employees who moved to the island for work between 2021 and 2023.
AstroBank has announced that it has signed an agreement to sell nearly all its assets, liabilities and staff to Alpha Bank Cyprus, creating the country’s third largest bank.
The Cyprus Stock Exchange (CSE) has announced that it has held a meeting with senior officials from the National Stock Exchange of India at its headquarters in Nicosia.
Cyprus is growing as a top choice for foreign direct investment (FDI) in Europe, said Invest Cyprus CEO Marios Tannousis. Tannousis addressed an i ...
Cyprus tourism and business sectors hold up reasonably well despite overextended banks and hurting economy.
A permanent 8% reduction on the basic tariffs of electricity has been announced by the Cyprus Energy Regulator CERA.
Indian High Commissioner Ravi Bangar has expressed interest in the privatisations process at a meeting with the Minister of Communications.
Job prospects in the air transport industry are said to be positive, as according to experts, air traffic in Europe will increase by 5% in the next decade, a significant development for Cyprus.
Fitch Ratings has affirmed Bank of Cyprus (BoC) and Hellenic Bank (HB) Long-Term Issuer Default Rating (IDR) at ‘Restricted Default’ but has also upgraded their viability ratings to ‘cc’ and ‘ccc’ respectively from ‘f’.
Cyprus could return to the markets earlier than originally thought, according to the Finance Minister who said it was a fully feasible objective given the way things were progressing.
The island's business giants are throwing their weight behind a Cyprus solution, highlighting the enormous benefits it would bring to the economy across multiple sectors.
The Cyprus Securities and Exchange Commission will introduce a new automated system of risk based supervision by end of 2014.
CEO of Bank of Cyprus, John Patrick Hourican, says the management of the island’s largest lender aims at ‘a strong albeit smaller and safer bank’.
GDP rose by 0.3% in the euro area (EA17) and by 0.4% in the EU28 during the fourth quarter of 2013, compared with the previous quarter, according to second estimates published by the EU statistical office Eurostat.
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