Following the recent unfortunate events, new sanctions and restrictive measures have been imposed against a number of Russian financial institutions, entities and individuals. This is a fast-changing and irregular situation, and the regulations imposing restrictive measures are continuously revised and updated. Regulators in Cyprus have issued announcements and circulars to Regulated Entities in relation to their obligations to abide by the applicable restrictive measures and implement and maintain a sanctions policy.

On 24 March 2022 the House of Representatives (Parliament) of the Republic of Cyprus has approved an extension to the deadline for the electronic submission of the Corporate Income Tax Return (TD4) and the Personal Income Tax Return (TD1A) for individuals who prepare audited financial statements (FS) for the year 2020.

Significant upgrade to Cyprus’ telecommunications and the country’s place in the international digital environment

Increased volatility rising out of the evolving COVID-19 pandemic has led to a reshuffling of priorities for the global technology industry. Emerging as the top opportunity for the year ahead in this landscape (up from fourth position last year) is the imperative to attract and retain a motivated workforce. This is according to the annual EY report, Top 10 opportunities for technology companies in 2022, which ranks the biggest industry success drivers based on EY analysis.

Education Minister Prodromos Prodromou highlighted the importance of digital skills on Monday during his visit to the digitally supported learning environment at the pedagogical institute.

The visit to Cyprus this week by the president of the European Central Bank (ECB) Christine Lagarde comes at “a particularly important time” for the European Union and the Eurozone, the central bank said on Monday.

The cabinet has approved state aid proposed by the agriculture ministry addressed to cattle, poultry, pig and rabbit breeders affected by the pandemic fallout.

The green light was given for the immediate installation of photovoltaic panels in 25 state schools all across Cyprus as part of ‘PEDIA’ plan, Philenews reported on Monday.

Eurobank Cyprus recorded yet another year of growth with its 2021 profits rising to €52.3 million, up €12.2 million from the year before, reducing its non-performing loans further and mostly unaffected by the war in Ukraine.

There is a need for quality tourism in Cyprus as well as one that can be resilient in the face of a continuing crisis, Cypriot Minister of Transport, Communications and Works Yiannis Karousos and Deputy Minister for Tourism Savvas Perdios pointed out today at a conference organized by the Cyprus Tourism Association (STEK).  The conference was entitled: "Tourism: The Next Day".