The cashback programme appears to be gaining ground in Cyprus with about 15,000 such transactions having taken place in the first five months of the year, at a total value of €900,000.

Tourist arrivals in Cyprus during May increased significantly compared to the same month of 2021, however, they were still lower compared to May 2019 and with obvious losses from the Russian and Ukrainian markets.

The Institute of Certified Public Accountants (Selk) on Thursday submitted a six-part plan to further develop the Cypriot economy and businesses.

It is indisputable that over the years England has established itself as a go-to jurisdiction for implementing schemes of arrangements. This is due to inter alia the fact that English law permits overseas companies which are liable to be wound up under the UK Insolvency Act 1986, to take advantage (under certain circumstances) of the English legal regime applicable to schemes (see inter alia Re Rodenstock GmbH [2011] EWHC 1104 (Ch)).

It is indisputable that over the years England has established itself as a go-to jurisdiction for implementing schemes of arrangements. This is due to inter alia the fact that English law permits overseas companies which are liable to be wound up under the UK Insolvency Act 1986, to take advantage (under certain circumstances) of the English legal regime applicable to schemes (see inter alia Re Rodenstock GmbH [2011] EWHC 1104 (Ch)).

Uncertainty is the only certain thing in the new era we are entering, said Finance Minister Constantinos Petrides addressing the 14th Congress of the Free Trade Unions of Semi-Governmental Organizations (OHO-SEK).

Hospital outpatient clinics are to begin working longer hours, catering to patients on weekday afternoons and weekends from July 9, the Health Ministry announced.

A law proposal regulating the use of an app is to be prepared by October for patients to communicate directly with their doctors and have immediate access to medical help and prescriptions, the chairman of the House health committee, Efthymios Diplaros, announced on Thursday.

Tourists from Cyprus’ three largest markets, the UK, Russia, and Israel, must pay to enter the island next year after an EU decision subjecting all third-country nationals to a visa waiver fee.

The Cyprus economy and competitiveness council on Wednesday recommended the establishment of a new deputy ministry for the environment and sustainability.