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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 ...
The Cyprus economy contracted at a slower pace than originally estimated between July - September of 2013, recent figures show.
Texas based Noble Energy, operators of the Block 12 offshore license, have conceded that additional discoveries of natural gas are probably needed to justify a mooted LNG plant in Cyprus.
The Eurogroup has approved theroadmap for the privatisation of semi government organisations (SGOs), a requirement to release the next tranche of the island’s assistance programme.
US energy firm Noble Energy which has a concession in Cyprus' block 12 is planning to proceed with further exploration drilling towards the end of 2014.
Members of parliament are contemplating passing a bill whereby a first home would be exempt from foreclosure by banks, despite lenders' attempts to reign in non-performing loans.
October recorded a 16.6% increase in revenue from tourism, an encouraging development according to the Cyprus Tourism Organisation.
Fitch Ratings says it is maintaining Bank of Cyprus covered bonds - rated 'B' - on Rating Watch Negative (RWN).
There has been a notable rise in applications for residency and citizenship in Cyprus filed by third country nationals, in response to amendments in legislation.
The 26 international banks operating in Cyprus are showing their trust in the country and have regained the losses they made following the Eurogroup decision earlier this year.
Parliament has passed into law a raft of measures that are a condition for the release of the next tranche of bailout aid to Cyprus, including the contentious exemption of Central Bank employees from public-sector pay cuts and a freeze on promotions and new hiring.
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