Not only “golden passports’’ but also residence permits to wealthy foreigners are set to come under the microscope in Cyprus, informed sources told Phileleftheros.

New Finance Minister Constantinos Petrides said on Tuesday he was happy he was assuming the portfolio under better conditions than his predecessor some seven years ago when Cyprus was reeling from the economic collapse.

Cyprus is soon to see the construction of its first LNG terminal station after the government reached an agreement with a Chinese-led consortium for its operation from 2021.

Paul Lambis’ full-length screenplay “74” was awarded the “Best Screenplay” prize at the Cyprus International Film Festival’s Golden Aphrodite awards ceremony, held at the Pallas Cinema-Theatre in Nicosia.

Households in Cyprus spent €373.4 m, equivalent 1.3% of GDP or 2.5% of their total consumption expenditure on communications in 2018, according to figures published by Eurostat on Tuesday.

President Nicos Anastasiades called on his cabinet on Tuesday to push the reforms introduced by the government, as four new ministers were sworn in during a ceremony at the presidential palace.

Accelerated upheaval across the international tax landscape spurred by tax reforms across the world as well as initiatives such as the OECD’s digitalization effort have led to unprecedented uncertainty among global tax executives. This is according to the EY Transfer Pricing and International Tax Survey 2019, which surveyed more than 700 senior tax and transfer pricing executives representing the Americas, Europe and Asia-Pacific.

Anastasiades thanks Georgiades for steering Cyprus economy out of crisis, minister says 'time to move on'

The euro area (EA19) seasonally-adjusted unemployment rate was 7.5% in October 2019, down from 7.6% in September 2019 and from 8.0% in October 2018 and this is the lowest rate recorded in the euro area since July 200, according to figures relased today by Eurostat, the statistical office of the European Union.

Euro area annual inflation is expected to be 1.0% in November 2019, up from 0.7% in October according to a flash estimate from Eurostat, the statistical office of the European Union.