The prestigious International Tax Review EMEA Awards ceremony took place in London on 15th  September 2022. The ITR EMEA Tax Awards are now in their 18th year and offer an independent assessment of international tax professionals from 34 jurisdictions in Europe, Middle East and Asia (“EMEA”) across the previous 12 months.

Kyndryl Cyprus, the local subsidiary of the leading international IT infrastructure services provider, this week announced that it hosted a number of students at its Nicosia offices, giving them the opportunity to learn how a major company in the technology sector operates.

Shipping key players in Cyprus are more than relieved now that the EU has clarified sanctions provisions on carriages of certain Russian cargoes including coal and fertilisers, Philenews reported on Monday.

Important development projects in Larnaca, such as the landscaping of the seafront after the transfer of the fuel terminals, the unification of archaeological sites, and the upgrading of bus shelters, are on track, the city’s Mayor Andreas Vyras said.

Cyprus’ real estate sector is proving remarkably resilient, shrugging off the effects of hiking inflation as demand for housing units and office space continues to grow.

Paphos hoteliers association president Thanos Michaelides said on Monday that hotel occupancy rates in the district in September ranged from 70 to 75%.

Tourism in Cyprus is gaining a new orientation, in line with the national tourism strategy 2030, the Deputy Ministry of Tourism said in a statement on Monday, ahead of World Tourism Day, celebrated on September 27.

The government has signed a €6.3 million deal with a private contractor for improvements to the existing main road network inside the Akamas National Forest Park.

Cyprus has exceeded its targets for 2022 in the registration of electric vehicles, Minister of Transport, Communications and Works Yiannis Karousos said on Monday, saying that we have actually reached 144% of the target.

Earlier this year, Cyprus Shipping Deputy Minister Vassilios Demetriades announced a new piece of legislation that would enable the creation of a limited liability company to be used exclusively for the country’s shipping sector needs.