Cyprus news

Comment: A New Strategic Role for Cyprus
The island of Cyprus has for centuries been the cat’s paw of foreign powers, including the United States.

Duma passes double-tax treaty. Cyprus off Russia black list
Russia is about to remove Cyprus from its "black list" of targeted tax havens, after the Duma passed a law this week to ratify the Protocol to the Double Tax treaty between the two countries.

Nicosia dreaming of a white weekend
NICOSIA’s skyline during the weekend could resemble that of its twin city Bucharest in Romania, as snowfall is expected in the capital on Saturday.

Cyprus hopes for 400,000 Russian tourists in 2012
SEVEN new airports from the Russian Federation will be offering flights to Cyprus this year, the Cyprus Tourism Organisation (CTO) said yesterday.

Paphos opens first multi level entertainment centre
PAPHOS has opened its doors on the island’s first multi-level entertainment centre, Planet Adventure, with a price tag of around 24 million Eur.

Jobs scheme gets off the ground
EMPLOYERS and unions were yesterday presented with the government’s 8 million Eur scheme for 2012, aimed at helping young people and the long-term unemployed get back to work.

Cyprus - UK hospitals sign memorandum of cooperation
The pediatric clinic of the Archbishop Makarios III Hospital in Nicosia and King’s College Hospital in London have signed a memorandum of cooperation in the sectors of liver and gastrointestinal diseases.

Cyprus Asprokremmos Dam spills for the first time since 2004
On January 27, 2012 the residents of Paphos had a lot to celebrate as the Asprokremmos Dam overflowed for the first time since 2004. Asprokremmos is the second largest dam in Cyprus and it is located 16 km to the east of Paphos. It is built at an altitude of approximately 100 m above sea level.

Increased rainfall brings with it larger number of flamingos
BIRDS have flocked here in dramatic numbers this winter with heavy rainfall turning the island’s wetlands into great spots for wildlife, the Game Fund said yesterday.

More reservoirs poised to overflow
WITH more bad weather on the way various municipalities around the island are making preparations for more reservoirs to overflow.

Financial crisis in Cyprus is being successfully tackled, says Ministry
Finance Minister Kikis Kazamias today said the government is successfully tackling the financial crisis facing the Cypriot economy.

Russia Backs Cyprus In Peace Talks
The Government of the Republic of Cyprus expresses its appreciation for the clear positions of principles on the Cyprus issue expressed once again by the Russian Federation, in the light of the outcome of the recent meeting in New York.

Heavy snowfall shuts down Troodos roads
ALL roads to the Troodos mountain are closed for all vehicles due to heavy snowfall, police announced this morning.

Asprokremmos dam overflows for first time in seven years
CONTINUING rainfall caused the Asprokremmos dam, the second largest on the island, to overflow yesterday.

EU congratulates Cyprus on measures
European Commissioner for Economic and Monetary Affairs Olli Rehn and President of the European Central Bank Mario Draghi have congratulated Cyprus on the tough decisions and the austerity measures it has adopted to achieve fiscal consolidation.

Huge momentum in business between Cyprus and Israel
The huge momentum in the business relations between Cyprus and Israel emerged from a business forum held in Israel on the occasion of Cyprus Minister of Commerce Industry and Tourism Praxoula Antoniadou visit to Jerusalem.

Cyprus to pursue energy issues in line with international law
Τhe discovery of energy reserves in Cyprus’ Exclusive Economic Zone is both a promising feature but also holds great risks and must be managed carefully and with wisdom, Minister of Foreign Affairs Erato Kozakou Marcoullis said, adding that energy can serve the reunification of Cyprus.

Bank of Cyprus loans "go green"
THOSE who were looking for an incentive to switch to more environmentally friendly solutions or just need a loan may be pleased to learn that the Bank of Cyprus (BoC) yesterday announced three separate loan schemes to encourage "green" investments.

Cyprus 40th in Report
CYPRUS was ranked 40th worldwide in the World Bank’s annual DoingBusinessReport.

Strike to hit 5000 passengers
THIRTY-five flights and 5,000 people will be affected today by a four-hour air traffic controller (ATC) strike after last-ditch efforts failed to avert it.

Ryanair: 14 new flights from Paphos
In April, the Irish company Ryanair will link Paphos with 14 European destinations, creating in the first phase of 600,000 seats available to and from Cyprus. Simultaneously Paphos will be the 50th base of Ryanair, where two planes will be stationed throughout the year.

Postal services go online
CYPRUS Post yesterday launched its first portal, which consumers can use to rent PO Boxes, purchase stamps and settle bills.

One fifth of registered companies have paid new levy
JUST OVER 38,000 companies scrambled to pay the new EUR 350 corporate levy by Monday’s midnight deadline, boosting state coffers by EUR 19 million, according to Registrar of Companies Spyros Kokkinos.

Cyprus sets out positions to EU
NICOSIA - Agriculture Ministry permanent secretary Aigli Pantelaki on Wednesday briefed EU ambassadors in Nicosia about Cyprus’s positions on the new Common Agricultural Policy 2014-2020, asking them to confer to their ministries the "particularities" of Cyprus agriculture.

Christmas Gas bonanza? Cyprus drilling results expected this week
NOBLE ENERGY is expected to publish the preliminary results from its exploratory well at Block 12 in Cyprus’ Exclusive Economic Zone by Friday, according to Israeli business website Globes yesterday.

Paying taxes online
THE INLAND Revenue Department (IRD) is slowly but surely taking Cyprus’ tax collection into the 21st century with the launch of a "radical" online payment service for unpaid taxes.

Cyprus - not so corrupt but transparency an issue
CYPRUS ranked 30th among 183 countries and territories in perceived levels of corruption in the public sector according to the annual Corruption Perceptions Index (CPI) published yesterday.

Green light for second licensing round
THE CABINET yesterday decided to launch the second licensing round for offshore oil and gas exploration, authorising the trade and industry minister to prepare the ground for the official announcement.

First estimate of our gas wealth
US-BASED Noble Energy yesterday said its Cyprus gas prospect, where exploratory drilling is now underway, holds estimated gross resources of 3 to 9 trillion cubic feet (tcf) of gas.

New Duty Fee, Annual levy by The registrar of Companies in Cyprus
On Friday 26 August, the Cyprus Parliament voted the first package of austerity measures in the form of tax amendments in order to improve Government finances and reduce the budget deficit.

Clinton: All Cyprus to benefit from hydrocarbon exploration
State Department recognizes the right of the Republic of Cyprus to explore for natural resources in its exclusive economic zone, including with the assistance of US companies...

Brussels ’positive’ about Cyprus EU Presidency
THE EUROPEAN Commission is optimistic about Cyprus’ prospects for the July EU council presidency...

Cabinet looks to shore up banks in a crisis
THE CABINET yesterday approved legislation to aid banks in the event of a crisis and to create a financial stability fund.

Government under fire for natural gas policies
MEMBERS OF parliament yesterday took pot shots at the government for its alleged undermining of the public interest regarding its policies on the exploration and exploitation of natural gas.

Sovereign wealth fund to manage oil and gas riches
CYPRUS has not even confirmed the existence of natural gas off its shores, but it is already thinking about setting up a sovereign wealth fund to manage the riches it hopes will come its way.

DISY: Christofias on a one-way street
MAIN opposition leader DISY’s Nicos Anastassiades yesterday said President Demetris Christofias had no choice but to step down or call an early election if he wanted confidence restored in his leadership.

Cyprus Airways axes flights to Manchester
CYPRUS AIRWAYS (CY) has axed flights to Manchester, scheduling the last Larnaca-Manchester flight for the end of the month and leaving customers scrambling for new flights.

Mari probe: President is blamed for blast
PRESIDENT Demetris Christofias yesterday rejected the findings of civilian probe which holds him "personally and institutionally responsible" for the blast at Mari naval base that killed 13 people.

Cyprus stunt vanaf 2012 met inkomstenbelasting
Cyprus zal vanaf het jaar 2012 zeer aantrekkelijk worden voor managers en ondernemers met hoge salarisinkomsten. In tegenstelling tot landen die voornemens zijn om grote salarisbonussen extra zwaar te belasten, kunnen managers op Cyprus rekenen met een fors lagere heffing voor topinkomens.

The hunt is on for gas wealth
EXPLORATORY drilling for oil and gas has begun in Cyprus’ Exclusive Economic Zone (EEZ), the Energy Service director Solon Kassinis said yesterday, launching a new dawn of energy exploration and a possible regional crisis.

Cyprus to block Turkey-EU energy talks in gas row
CYPRUS vowed yesterday to keep Turkey’s entry talks on hold as long as Ankara challenges the island’s rights to launch offshore gas drilling, in an escalating row among east Mediterranean neighbors over hydrocarbon reserves.

Spokesman said deal is close
CYPRUS IS very close to striking a €2.5 billion loan deal with Russia, government spokesman Stephanos Stephanou said yesterday.

Cyprus is not a PIIG
These past few days some concerns have been voiced regarding the financial situation of Cyprus and her government. Critics raise fears regarding the size of government debt and Cyprus economic ties with Greece.

Nothing will stop drilling
ALTHOUGH the government is taking Turkey’s reaction to its upcoming plans for natural gas exploration off its southern coast very seriously, nothing will deter its plans to begin drilling, the Foreign Minister said yesterday.

Cyprus events after summer 2011
Cyprus events after summer 2011

VPRO Goudzoekers gaat op Cyprus belasting besparen
Dit keer ging Goudzoekers belasting ontwijken. Wat grote bedrijven kunnen, kunnen wij ook. Veel grote bedrijven betalen weinig tot geen belasting middels allerlei buitenlandse constructies...

Is saving tax something for you?
April 28, Wezep, the Netherlands. Targeted at entrepreneurs that are willing to look overseas to lower their tax bill

Opening Cyprus Office
The dutch - Cypriot Chamber of Commerce has opened an office in Limassol, Cyprus

The Dutch B.V. In Glance (Globalserve International Network)
The Dutch B.V. In Glance (Globalserve International Network)

On payment of excise duties and VAT
Goods in free circulation in the EU move from one member state to another without payment of further Customs import duty. To be exempt from paying further import duty in Cyprus, proof of Community status...

News Archive
News Archive