Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that “such policies can also backfire and destabilise the banking sector if designed in a haphazard manner.”

By law, all retail businesses and services in Cyprus including doctors, lawyers and plumbers will have to accept plastic money as of September following a finance ministry decree.

Cyprus sports fans can once again cheer their favourite team or athlete after more than a year of Covid-19 restrictions, as the health ministry said Wednesday stadia could hold up to 50% capacity.

All businesses, but especially those that are just getting started, need to keep accurate financial records. 

Kapnos, which resumed its shuttle service to Larnaca and Paphos airports on June 1, on Tuesday unveiled a new, upgraded electronic reservation system to facilitate bookings.

Fresh concerns have arisen over the Delta variant and a possible fourth wave, as a former government adviser warned that variants risk being brought in from the UK.

Cyprus is not a tax haven but it is a competitive investment destination due to the legal framework, investors, natural wealth and skilled labour, finance minister Constantinos Petridis told CNBC on Tuesday.

With the title “Do you live in Cyprus and are you looking for a job?” the first official day for people seeking a job regarding their registration or renewal in the relevant registry has begun.

Tourism Minister Savvas Perdios is optimistic Cyprus can prevent another disastrous year blighted by coronavirus, despite the island depending solely on the decisions of other countries.

One of the main issues that concerns the world, and specifically Europe, is the “British Exit”, or otherwise commonly referred to as the “BREXIT”, from the European Union. Particularly, on 31/10/2020 the United Kingdom signed the Withdrawal Agreement which had a transitional period of eleven (11) months. From the 1st of January 2021 the United Kingdom has officially ceased being a member of the European Union. The Brexit caused various issues to the business world and especially to the British business owners. However, what are the advantages of re-domiciling a company in Cyprus?