The programme for the consolidation and reform of Cyprus' economy yields results and should be continued, Harris Georgiades, the Finance Minister has told the heads of the troika mission.

Leading international recruitment agency, GRS Recruitment, works closely with its Cyprus-based group company, Fairfax Yeaman, to provide a unique service of employing and outsourcing personnel to companies that do not yet have a registered Cyprus entity, or to those that do not intend to register a company in Cyprus but need to have personnel operating in Cyprus.

The tender for the temporary import of natural gas by Cyprus has been cancelled by the Natural Gas Public Company (DEFA) according to the Jerusalem Post, which said that Cyprus has “nixed” the tender.

Transavia is the first airline to offer direct flights between Larnaca and Amsterdam and does so twice a week, while also flying this route in combination with a stop in Paphos twice a week.

Cyprus’ real estate activity increased by almost a third in the first nine months of 2014 compared with the same period the previous year, as developers cut prices to bargain-basement levels to stimulate the market.

The Transport Ministry and the Cyprus Shipping Chamber (CSC), CIPA and other organisations have commissioned a study on a strategy for the island’s shipping industry to take it into the future.

The implementation of an overall digital strategy will bring many benefits to the state, the economy and society, Minister of Commerce Yiorgos Lakkotrypis said recently.

LIS ALIBI PENDENS UNDER THE COUNCIL REGULATION (EC) NO 44/2001 ON JURISDICTIONAND THE RECOGNITION AND ENFORCEMENT OF JUDGMENTS IN CIVIL AND COMMERCIAL MATTERS

The Federal Law No 376-FZ dated 24 November 2014 “Concerning the Introduction of Amendments to Parts One and Two of the Tax Code of the Russian Federation (Regarding the Taxation of the Profit of Controlled Foreign Companies and the Income of Foreign Organizations)” (the Law) was signed by President Putin on 24 November 2014 and entered into force on 1 January 2015.

Unemployment in Cyprus dropped in December 2014 to 16.4%, compared to 16.6% a month earlier in November 2014.