Unlike other automatic exchange of information regimes, where reporting is annual using year-end data, DAC6 imposes an everlasting duty to assess, record and report reportable cross-border arrangements.

Economic growth in Cyprus will slow to 2.1% in 2022, with inflation spiking at 5.3% due to the impact of the Russian invasion of Ukraine and western sanctions against Russia, the IMF said in its World Economic Outlook (WEO).

In a written statement the UN spokesman said that all measures regarding the Covid-19 pandemic taken at the checkpoints will be lifted – as of Tuesday.

The Shipping Deputy Ministry in the Republic of Cyprus says a successful bidder for a state-subsidized ferry link to Greece has been asked to submit a proposal, with reports saying a summer connection could be launched this year.

The cost of building materials in Cyprus continues to rise, while the Central Bank warned the war in Ukraine will only make things worse for the construction industry.

A series of discussions “2040” organised by the NGO Oxygono address the need to formulate a long-term vision for four cities of Cyprus supported by their citizens. The series started with “Larnaca 2040” and then expanded to Nicosia, Limassol and Paphos.

The list of hotels participating in the government’s subsidised summer holidays programme that starts on May 1 has been posted online, the deputy ministry of tourism said on Tuesday.

The health ministry announced on Tuesday that the fourth coronavirus vaccine dose – the second booster shot – is to be made available to all healthcare workers, regardless of their age.

The government does not intend to raise taxes, but will rather pursue a policy of stimulating growth and attracting new investment in response to the coming economic slump, Finance Minister Constantinos Petrides said on Tuesday.

The Cyprus Bar Association on Tuesday unveiled its Justice For All initiative to offer legal help to those facing financial difficulties.