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Economy

NICOSIA — The Cyprus government and U.

NICOSIA - Missing a European Union deadline to impose a so-called “Green Tax” on fuels by the end of 2023, Cyprus will not consider it until the 2024 budget, even as tourism is propelling a further economic comeback from the COVID pandemic.

NICOSIA - Missing a European Union deadline to impose a so-called “Green Tax” on fuels by the end of 2023, Cyprus will not consider it until the 2024 budget, even as tourism is propelling a further economic comeback from the COVID pandemic.

NICOSIA - Cyprus, one of the European Union’s favored countries for users of cryptocurrency, plans to tighten its anti-money laundering measures to meet international standards and prevent the misuse of digital money.

NICOSIA - Cyprus, one of the European Union’s favored countries for users of cryptocurrency, plans to tighten its anti-money laundering measures to meet international standards and prevent the misuse of digital money.

LATEST

Cyprus Hails Moody’s Two-Notch Credit Rating Upgrade Bringing the Country into Investment Grade

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 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.

Greece’s Basic Value Added Tax 24%, But Cyprus Extends 0% Rate

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 - 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.

On Condition, EU OK’s Cyprus Fuel Transport With Turkish-Occupied Side

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 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.

Eni Chief Executive Says Plan for Pipeline to Move Gas to Cyprus ‘Part of Our Discussion’

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 — 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.

On Cyprus, Counterfeit 10-Euro Banknotes Still Showing Up

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 - 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.

American, British Sanctions on Russians Hit Cyprus Economy Hard

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 - 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.

Law Firms in Cyprus Enable Asset Concealment for Wealthy Russians Amid Sanction Controversy

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 - 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.

Cyprus behind on Freezing Russian Assets, EU Official Says

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 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.

COVID Pandemic Set Aside, Cyprus Airways Sees Big Spike in Passengers

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 - 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.

Cypriots Banks Freeze Accounts of Rich Russians Sanctioned by US, UK

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.

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.

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