President Nicos Anastasiades met recently with the head of the European Bank for Reconstruction and Development (EBRD), Suma Chakrabarti, at the presidential palace, in Nicosia.

In the English case SOUTH CAROLINA INSURANCE CO -V- ASSURANCE MAATSCHAPPIJ “DE ZEVEN PROVINCIEN NV (1987), the defendants to an English Action sought an order for production of documents under Section 1782 from a Court in the United States.

Space technology is a unique way to promote blue growth in Cyprus said Transport Minister Vasiliki Anastassiadou addressing the International Space Forum in Italy.

Cyprus is considering updating its tonnage tax system and its pricing policy for the registration of ships as part of targeted measures to enhance the competitiveness of the Cyprus shipping industry, President Nicos Anastasiades said.

Given the current international telecommunications challenges, Cyta has made the strategic decision to have its UK subsidiary Cyta UK Ltd focus on its primary role – that of the owner and manager of the London-based International Telecommunications Node of the Organisation, with no financial backing from Cyta in Cyprus.

The Health Insurance Organisation (HIO) is within budget in the first three months of operation of the newly-launched general health scheme (GHS), a senior official told the Cyprus News Agency on Friday.

Cyprus tourism revenue declined 2% in June 2019 for the second month running while arrivals remain at the same high level as last year.

Cyprus annual inflation rate remained in negative territory for a third consecutive month in August 2019 at -0.7% as food and energy prices dipped.

Cyprus’ economy expanded by 3.2% in the second quarter of 2019 on an annual basis, racking up 18 quarters of consecutive growth, official data showed recently.

The Economic Substance (Companies and Limited Partnerships) Act, 2018 (the Act) of BVI which came into effect on 1 January 2019 and was supplemented by the issuance of the draft International Tax Authority Economic Substance Code that was issued on 22 April 2019, requires some legal entities carrying on the activities mentioned below, to demonstrate adequate economic substance in the BVI and further introduces reporting obligations for these entities.