The European Central Bank (ECB) on Thursday said it has withdrawn the banking licence of Cyprus’ RCB Bank Ltd. The decision follows the orderly completion of the bank’s voluntary phasing out of its banking operations, as announced on March 24 of this year.

This coming year is an important milestone for Trilogy, the ultimate destination to live, work and play in Cyprus. The properties across both upfront towers, along with the 6,850m² public plaza, will be delivered in 2023. This will mark the beginning of the project’s operational phase, with its five-star hotel facilities and services. An on-site team of dedicated professionals, all under one central reception, will be responsible for Trilogy’s rentals, property, and lifestyle management.

Cyprus’ coastal Pissouri and Kalopanayiotis in the mountains made it onto the UN’s ‘Best Tourism Villages’ of 2022, alongside 30 others ranging from Austria to Vietnam.

The Central Bank of Cyprus (CBC) on Tuesday announced the launch of a new Innovation Hub in the field of financial technology (fintech), in an effort to encourage and support domestic financial innovation.

The outgoing government will hand over an economy built on solid foundations, as well as a state apparatus ready to respond to any unforeseen crises, President Nicos Anastasiades said on Monday evening, during his address at the 95th annual general meeting of the Cyprus Chamber of Commerce and Industry (Keve).

Young farmers have shown a huge interest in state subsidies with applications reaching €10 million, double the amount of the available budget, the Cyprus agriculture payments organisation (Capo) said on Monday.

Kassatly Group Holding, a major player in the regional beverage sector, said that it will move to the island by the end of next year

Cyprus Airways on Monday announced that it registered a 406 per cent increase in flights in November of this year, compared to the same month of 2021.

Limassol-based rating agency Capital Intelligence this week announced that it has upgraded the Long-Term Foreign Currency Rating (LT FCR) of the Bank of Cyprus (BoC) to ‘BB’, from ‘BB-‘.

The island’s Finance Ministry on Friday said it will introduce a 15 per cent minimum corporate tax rate on multinational and domestic groups or companies with a combined annual turnover of at least €750 million while examining ways to mitigate any possible adverse impact on the Cypriot economy.