Government support shipping industry

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.

BA doubles flights from London to Larnaca

Looking ahead to another busy summer, British Airways has announced its ‘Summer 2015’ flight schedule from London Heathrow Terminal 5 to Larnaca, with an increase in the number of flights from 7 to 13 per week.

New drop in Cyprus fuel prices

The stabilising of the global price of Brent crude oil to under $50 a barrel has led to a further fall in the price of fuel in Cyprus.

Gulf Air in €360 deal from Larnaca to Gulf, Asia

Gulf Air, Bahrain’s national carrier, has launched a week-long fare promotion from Larnaca giving competitive airfares for travel between now and April 30, 2015 on the airline’s triple weekly services from Larnaca to Bahrain and onwards to Dubai, Abu Dhabi, Bombay and Karachi.

Thirteen casino operators interested in Cyprus project

Thirteen operators have expressed interest in Cyprus’ casino project, expected to cost some €500 million, MPs heard recently.

Cyprus in 2015

The year 2015 will bring about a reckoning for Cyprus. Set to exit recession and back on international markets, the country is ripe for economic recovery – with tourism, energy and financial services driving growth

Government objective is to cut taxation

The 2015 budget aims at creating the conditions that will allow the government to lighten the tax burden, Finance Minister Harris Georgiades said recently, as he welcomed its approval by parliament.

House Plenary begins debate on 2015 state budget

The House of Representatives plenary begins a two-day debate on the 2015 state budget.

Finance Minister sees return to growth in 2015

2015 will be a year of economic recovery, reform and change, said Finance Minister Harris Georgiades, saying there will be no new taxes or cutbacks in the 2015 budget.

Action needed to soften impact from Russia tax law

The Institute of Certified Public Accountants of Cyprus (ICPAC) said that action is needed to mitigate the impact on the local financial services sector from a recent Russian law cracking down on Russian offshore business.