Thousands of cancelations from Russia to Cyprus in just a matter of hours are testing the island’s response to the health crisis, with companies pushing their programs later in the summer pending improvement on the pandemic front.

In April 2021 the Cypriot House of Representatives voted to amend certain provisions relating to the Assessment and Collection of Taxes Law 4/78.

A new airline offering private flights has launched its services in Cyprus, air charter group Zela Aviation announced on Tuesday.

The Cyprus passport ranks 13th on the global mobility spectrum, according to the 2021 Henley Passport Index which ranks all the world’s passports according to the number of destinations their holders can access without a prior visa.

Excerpts from the Cyprus Finance Minister’s speech at the 11th Nicosia Economic Congress

A total of 13,289 residents of Cyprus returned from a trip abroad in March 2021, compared to 47,393 in the corresponding month last year, recording a decrease of 72%, according to data released Monday by the Statistical Service of Cyprus.

A single-shot vaccine against the novel coronavirus will be available alongside other vaccination options in the Republic of Cyprus, after the EU drug regulator okayed Johnson & Johnson’s Covid-19 Janssen vaccine.

The Government of the Republic of Cyprus has officially transposed the provisions of the EU Directive 2018/822(“known as DAC6”) and EU Directive 2020/876 into its national legal order, through the enactment of the Administrative Cooperation in the field of Taxation (Amending) Law of 2021 (L.41(I)/2021).

Bank of Cyprus on Monday announced that it has successfully launched and priced an issue of €300 million unsecured and subordinated Tier 2 Capital Notes under its Euro Medium-Term Note (EMTN) Programme – the maximum amount possible under the rules for this kind of issuance.

Limassol municipality announced on Monday it would cut rent by 50% to businesses affected by the pandemic measures from last January to March.