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.

The traditional Small and Medium-sized Enterprise (SME) with semi-skilled personnel and an operating model that can barely serve the company's conservative objectives, is no longer the case in today's Cypriot business market. The ambitious Cypriot SMEs today are leveraging their own unique strengths increasing their share of the pie in the market to 76% of all value1 in Cyprus, recording a 10% growth from 2021, confirming once again their key role and prospects in our economy. Yet, the financing burden to acquire the necessary digital solutions and sustain their competitive and resilient model remains their biggest bet, as competitive pressure keeps on rising.

The obligation for a lawyer to inform other intermediaries is unnecessary and infringes the right to respect for lawyer-client communications