NICOSIA — Construction of a 1.
NICOSIA — Cyprus on Saturday hailed a two-notch upgrade by credit ratings agency Moody’s to bring the east Mediterranean island nation back into investment-grade territory a decade after a financial crisis left the country on the brink of bankruptcy.
NICOSIA - Cyprus will keep a 0 percent Value Added Tax (VAT) on essential goods for another six months as the country is on a path for record tourism - as is Greece, where the rate is 24 percent.
NICOSIA - The European Commission said it would allow fuel for personal use to be taken across the dividing Green Line on Cyprus which separates the Greek-Cypriot side - a member of the European Union - to the northern third occupied since 1974 after unlawful Turkish invasions.
NICOSIA — The chief executive of energy company Eni said Tuesday that Cyprus-Israeli plans for a pipeline to move offshore natural gas from the two countries to Cyprus is “part of our discussion” with the Cypriot government.
NICOSIA - Even in the of countertop detectors able to pick out fake bank notes, counterfeit 10-euro bills are still being widely passed on Cyprus, with the Central Bank of Cyprus saying they make up 40.
NICOSIA - Sanctions imposed by the United States and the United Kingdom on wealthy Russians who have deposited their funds in Cyprus, along with their connection to Russia's invasion of Ukraine, have profoundly impacted the new government, particularly affecting the service sector comprising accounting and law firms.
NICOSIA - Law and accounting firms in Cyprus have aided wealthy Russians in evading American and British sanctions, concealing their assets and alleged connections to President Vladimir Putin.
NICOSIA — The European Union's executive branch aims to investigate why Cyprus has frozen only 100 million euros ($110 million) worth of assets belonging to Russians facing sanctions amid the war in Ukraine, according to the bloc's justice commissioner on Thursday.
NICOSIA - The essential end of COVID-19 pandemic health restrictions to lure tourists has worked on Cyprus – as it did on Greece – with national flag carrier Cyprus Airways reporting a 558 percent increase in passengers in March over the year before.
NICOSIA - Embarrassed by revelations that Cypriot companies and individuals were helping Russian oligarchs evade American and British sanctions, banks have frozen the accounts of more than 4,000 of them and more might be coming.