Kiosks and newsagents saw a 103% increase in credit card transactions, while travel related business recorded a 91% decrease in the quarter ending June 30, reflecting changing consumer habits imposed by the coronavirus outbreak.

Cyprus has been forced to drop its car scrappage scheme to get older vehicles off the road due to the economic impact of coronavirus on the government budget.

The infrastructure for the introduction of liquefied natural gas for electricity generation places Cyprus on track for a new energy era, opening new strong prospects for the island’s economy, President of the Republic Nicos Anastasiades said on Thursday.

The 2020 edition of Chambers High Net Worth Guide (‘the Guide’) was released 9 July 2020. On viewing it, we are delighted to note that it ranked our firm and, on an individual level for the third successive year, our Managing Partner, in its top tier of professional advisers in Cyprus.  The firm’s private client team offers a dedicated service for high net worth individuals covering issues such as the establishment and management of trusts, advice on asset holding structures, general wealth management and, general support and advice to family offices. 

In the recent decision of the District Court of Nicosia in Smagin ν. Kalken Holdings Limited a.o Application Numb: 601/2017, the Court examined the criteria for Recognition and Enforcement of an Arbitral Award.

Health Minister Constantinos Ioannou called on the Cyprus public to stay vigilant and to continue taking personal protection measures as coronavirus is still among us, warning that we will remain unprotected until a vaccine is found.

Cyprus house prices in the first three months of 2020 increased by 1.1% annually and a higher 2.5% on a quarterly basis, official figures showed on Wednesday.

Construction work to complete Ayia Napa Marina has resumed apace after COVID-19 lockdown while final completion is rescheduled for 2023, the project’s CEO Stavros Caramondanis said on Wednesday.

The cabinet on Wednesday gave the green light for initial efforts to be made toward setting up a deputy ministry for culture.

As of tomorrow, when President Nicos Anastasiades will lay the foundation stone for the construction of the Cyprus LNG Import Terminal Project in Vasilikos, Cyprus  will enter the natural gas era Natural Gas Public Company Chairman Symeon Kassianides has said.