The House of Representatives on Thursday passed a law levying a 0.4% tax on all sales of immovable property, the proceeds of which to go toward supporting Greek Cypriot refugees.

In light of the end of the transition period for the UK’s Withdrawal Agreement from the EU, the Tax Department of the Republic of Cyprus has made the following announcements in relation to VIES and INTRASTAT Declarations:

Salary benchmarking is the process used by a business to identify, track, and compare similar salary rates to determine the pay package for their employees. In terms of HR, salary benchmarking is essential for comparing the pay and benefits on offer against those offered by competitors.

While many hotel groups have put their development plans on hold, Radisson Hotel Group has announced it is forging ahead with an ambitious five-year plan that includes opening a second property in Larnaca by the summer of 2021, and breaking ground in the next few months to build the island’s first branded serviced apartments, also in Larnaca. Another flagship property is planned in Nicosia, to be operated by Sunnyseeker Hotels under a franchise agreement.

Cyprus’s successful handling of the Covid-19 pandemic has put the island in a prime position to attract companies looking for a European base to access EU markets, an international summit was told.

Cyprus has made “significant” progress towards in attracting foreign direct investment into its tourism and hospitality sector, but more investment is needed in key areas, a conference was told.  

Two traditional Cypriot products, sausages and the ‘lountza’ (cured pork tenderloin) produced in the mountainous area of Pitsilia, have been included in a list of EU-protected geographic indications (PGIs) on Wednesday by the EU council.

The Sky Express Company dynamically continues the expansion of its network with new itineraries and by upgrading of its fleet, with new Airbus A320Neo.

Domestic freight transfers declined marginally in third quarter of 2020, while freight transports to and from Cyprus marked a steep reduction reflecting the restrictive measures to contain the coronavirus pandemic.

With Cyprus’ vaccination roll-out against Covid-19 boosted with the arrival of AstraZeneca, allowing it to start vaccinating the over 70s, the Health Ministry has issued some general guidelines.