Motor vehicle sales began the new year with a sharp annual decline as total registrations in January dipped 23.3% to 2,633, the Cyprus Statistical Service said.

LEON MFO Investments Limited (“LEON”), a leading regional Fund Manager, has received the prestigious Euromoney Awards of Excellence for its Private Banking and Wealth Management Services.

Given the constantly changing global corporate environment, shifting business needs and closer scrutiny in an effort to prevent and suppress money laundering and profit shifting, as well as the requirement for enhanced substance, companies are being called to re-evaluate and challenge their existing structures.

The government will channel 15% of its revenue from the operation of the casino resort in Limassol to the Cyprus Land Development Corporation (CLDC) to finance housing schemes – including plans to build 800 affordable units over the next few years, it announced on Tuesday.

Almost 90% of Cypriots said they would personally like to see the European Parliament play a more important role in the future, according to the latest Eurobarometer.

A gradual increase of flights from Paphos airport is expected this month, according to the flight program of airline companies, provided the pandemic doesn’t worsen.

One in four Cypriots will be diagnosed with some form of cancer in his/her lifetime while 42 new cases of cancer and leukaemia in children aged 0-19 are diagnosed annually on the island. Figures were unveiled Tuesday during a press conference on the occasion of World Cancer Day and International Childhood Cancer Day.

With the aim of ensuring a stronger investor protection framework and the smooth operation of the market, the Cyprus Securities and Exchange Commission (CySEC) is enhancing its supervisory capabilities through the use of new technologies and other tools. This was the focal point of CySEC Chairman Dr. George Theocharides’ speech delivered during a press conference on Tuesday, 1 February 2022, focusing on CySEC’s goals for 2022 and the sector’s trends and developments in 2021.

The protocol amending the double tax convention between the Republic of Cyprus and the Swiss Confederation which was signed on 20 July 2020 in Nicosia, Cyprus came into effect on 3 November 2021 (please see Circular 3/2022). The protocol relates to the avoidance of double taxation in respect of taxes on income and on capital.

A woman has to work until February 6 to reach the same wage as a man received in the preceding year, Labour Minister Zeta Emilianidou said on Sunday.