The downsizing of hotels and tourism enterprises has taken a toll on the quality of services rendered.
CYPRUS
CNP Cyprus, the subsidiary of the French insurance giant CNP Assurances, is finally being transferred to Hellenic Bank for 182 million euros.
Cyprus’ Shipping Deputy Minister Marina Hadjimanolis traveled to Guangzhou, China, to attend the naming ceremony of the newly built cargo ship AAL Limassol.
Everything appears to be proceeding smoothly and insurer CNP Cyprus will soon be under the ownership of Hellenic Bank.
The European Commission has taken action against Greece and Cyprus for their failure to properly implement rules aimed at combating fraud within the EU’s budget.
Cyprus ended 2023 with a fiscal surplus of 918.7 million euros, the country’s Statistical Service (CyStat) said on Monday.
The ongoing debate over multiple pensions for former and current state officials has taken center stage in Cyprus.
The lack of goodwill from the Turkish side does not bode well for the reunification prospects of Cyprus, its Foreign Minister Constantinos Kombos said in an interview with Kathimerini.
The United Nations’ refugee agency said Friday that Cypriot efforts at sea to stop numerous Syrian refugee-laden boats departing Lebanon from reaching the European Union-member island nation mustn’t contravene international human rights laws or put passengers at risk.
The Cypriot Parliament has passed a law enabling beneficiaries to apply for a 5% reduced VAT rate within a year of acquiring a residence.
The European Commission has initiated a two-year project aimed at bolstering private sector development within the Turkish-Cypriot community.
Prime Minister Kyriakos Mitsotakis emphasized the importance of addressing the crisis in the Middle East during his participation in the Special European Council taking place in Brussels from Wednesday to Thursday.
Betting activity revenues in the Republic of Cyprus recorded an upward trend for another quarter.
The Cypriot Ministry of Finance stated on Monday that there are currently no risks to the Cypriot economy from regional developments.
A study on the level of chargeable income tax is in progress, as part of the tax reform in Cyprus, President Nikos Christodoulides said on Thursday.
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