NEWS

Citizenship criteria amended for foreign investors

The Cyprus Cabinet has moved to amend five provisions for granting citizenship to foreign investors in light of a recent European Commission report. Finance Minister, Harris Georgiades, stated that the new amendments to the provisions...

Cyprus, Egypt sign deal paving way for gas pipeline

Cyprus and Egypt signed an agreement today creating the legal framework for energy companies to go ahead with their own commercial talks on the transport of natural gas from Cyprus to Egypt via an undersea...

Cyprus and India sign convention on avoidance of double taxation

Cyprus and India have signed a convention on the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, the Finance Ministry has announced. Once the agreement enters into...

Cyprus and Latvia have signed a treaty for the avoidance of double taxation on income.

The treaty was signed in Brussels by the Minister of Finance Harris Georgiades on behalf of the Republic of Cyprus, and the Minister of Economics Dana Reizniece-Ozola on behalf of the Republic of Latvia. The...

EU decides to abrogate deficit procedure for Cyprus

The European Commission has decided to abrogate the excessive deficit procedure for Cyprus, one year ahead of the actual deadline. Specifically the Commission recommends to the Council to close the Excessive Deficit Procedure (EDP) for...

Cyprus gas discovery a key factor in EU energy objectives, says European Commission

The European Commission is examining the impact of possible Cypriot gas reserves in the offshore area between Cyprus and Israel, in order to diversify the energy mix used by the EU and break off the...

Limassol port contracts signed

Three contracts on the privatisation of Limassol port services were signed on Monday 25 April at the Presidential Palace, by which the container terminal is now under the management of the Eurogate/Interorient/East Med Holdings joint...

Registration of new companies up by 38%

Applications for the registration of new companies in Cyprus accelerated by 38% year on year in February, figures released by the Companies Registrar show. Applications reached 1,104 last month compared with 798 in February 2015....

Cyprus concludes bailout programme

Cyprus will conclude its bailout programme successfully at the end of this month and is able to fund itself after three years of financial aid and reforms, the chairman of the eurozone finance ministers said...

New round of exploration licensing inside Cyprus’ EEZ

The Cyprus cabinet has given the green light for the opening of the third hydrocarbon exploration licensing round inside Cyprus’ Exclusive Economic Zone (EEZ). Energy Minister Giorgos Lakkotrypis was authorized to table before the cabinet,...
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