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).

Cyprus remains at 44 in the World Economic Forum’s Global Competitiveness Report for 2019, scoring poorly for ICT adoption and business dynamism.

With 8,930 students at 125 universities, Cyprus ranks fifth of European countries with the highest number of students in the UK, according to a study by financial experts Rangewell.

Blockchain technology has made strong inroads into the shipping industry all over the world, and Cyprus is following suit.