Property sales have dipped over the four months June to September 2019 bringing the boom to a temporary halt after almost 4 years of double-digit growth fuelled by the Cyprus passport scheme.

Cyprus is stepping up efforts in digitalising the public sector by allocating some €250 million for e-government projects in next year’s budget.

The presentation of Orthodoxou Aviation’s new partnership with the Ukrainian airline SkyUp Airlines took place in Nicosia on the night of October 10th, 2019.

EU Foreign Affairs Ministers agreed that restrictive measures targeting those involved in Turkey’s illegal drilling activity of hydrocarbons in Cyprus be put in place.

Jurisdictions such as Cyprus, BVI, Delaware, Luxembourg and Switzerland happen to provide for statutory provisions that allow for pure re-domiciliation of companies.

The CFA Society Cyprus elected its new Board of Directors at its Annual General Meeting. The new Board is comprised of seven members, who have many years of experience in the banking and financial sector.

The internationally renowned Maritime Cyprus 2019 conference attracted over 900 shipping professionals from across the globe and distinguished speakers in Limassol between October 6-9 where the biannual event took place this year for the 16th time since 1989, celebrating its 30 year anniversary since its inception.

Finance Minister Harris Georgiades recently submitted the 2020 budget to parliament, the last one drafted under his term at the ministry, which he will be leaving by the end of 2019.

BidX1’s digital sale is coming up on October 23rd, 2019 and registration is now officially open for anyone wishing to bid on a property.

Cyprus banks have the second highest liquidity coverage ratio in the Eurozone, according to figures released by the single supervisory mechanism (SSM).