The Cyprus embassy in Beijing recently announced the commencement of an agreement to open visa application centres (VAC) in China with the commercial company TLScontact.

The Central Bank of Cyprus said that it amended an anti-money laundering directive by clarifying and enhancing banks’ ‘Know Your Customer’ obligations, requiring them to know the identity of their customers, as well as their financial profile.

The European Commission is evaluating the fiscal impact of a possible reunited Cyprus, its Vice President Valdis Dombrovskis said, welcoming the end of the island's economic adjustment programme.

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.