ON THE AVOIDANCE OF DOUBLE TAXATION AND THE PREVENTION OF FISCAL EVASION WITH RESPECT TO TAXES ON INCOME:

Greek airline Ellinair will later in April 2016 begin its first flights out of Cyprus, opening up three weekly routes between Larnaca and Salonica.

Lobby groups and business associations from Cyprus and India are working to build trade relations between the two countries with an eye to a new double taxation agreement that is being negotiated.

Minister of Finance Harris Georgiades has said that it was a mistake for Cyprus not to enter the support programme sooner.

Cyprus’ tourism sector needs to increase its productivity in order to become more competitive, according to a study by the University of Cyprus’ Economics Research Centre (CypERC).

A listing to the London Stock Exchange and a premium listing is the right thing to do, Bank of Cyprus' John Patrick Hourican has said.

Construction projects which obtained a building permit in January dropped an annual 14% in terms of construction volume and 3.3% in terms of area to 69,327 square meters and €73m respectively.

Bank of Cyprus recently announced plans to sell Kermia Hotels Ltd and adjacent land, in line with the Group’s strategy of deleveraging through the disposal of non-core exposures to focus on core businesses and strengthening its capital position.

World Tour cycling team Tinkoff are training in Cyprus ahead of the Giro d’ Italia, the Cyprus Tourism Organisation (CTO) said recently.

Cyprus registered the highest year-on-year decrease in unemployment in February 2016, the European statistical service Eurostat said recently.