Various indicators only serve to confirm previous forecasts expecting the Cypriot economy to experience a slower growth rate throughout 2023, while managing to avoid a recession, according to a report released this week by the Centre for Economic Research of the University of Cyprus.

On the 4th June 2018 the Republic of Cyprus along with 21 other Member States and Norway agreed to sign a Declaration creating a European Blockchain Partnership for the specific purpose of establishing a European Blockchain Services Infrastructure. The ambition and underlying purpose of this European Blockchain Partnership, was to support the delivery of cross-border digital public services, enhance the security and privacy of this sector and (although not expressly stated) to prevent any potential calamities in the financial-blockchain sector.

Powered by the Tax Department of the Republic of Cyprus, TFA is the new Integrated Tax Administration System (ITAS) for all taxpayers.

The percentage of foreigners a company is allowed to employ and include into collective agreements has been raised from 30 to 50 per cent, Labour Minister Kyriakos Koushos announced on Wednesday.

The Finance Ministry on Wednesday announced that the Cabinet has approved a bill amending the Income Tax Law, allowing for an additional tax exemption, in the form of a capital deduction for specific capital expenditures, for Cypriot businesses who want to implement a range of energy-saving measures.

The European Investment Bank (EIB) this week announced that new financing agreements signed in Cyprus for the year 2022 amounted to €250 million, with all of them relating to green projects.

The Cypriot economy has achieved remarkable performance in recent years amid a period of sustained instability, a senior official with the International Monetary Fund (IMF) has said.

Israeli sports technology company i-BrainTech, a pioneer in athletic brain training, on Tuesday announced its plan to expand its operation to Cyprus.

The European Union’s economy will avoid recession but headwinds continue to be an issue, according to the European Commission’s interim winter economic forecasts for 2023, presented by Economy Commissioner Paolo Gentiloni in Brussels.

The European Union’s economy will avoid recession but headwinds continue to be an issue, according to the European Commission’s interim winter economic forecasts for 2023, presented by Economy Commissioner Paolo Gentiloni in Brussels.