As of Monday 6 April, Cyprus is lifting all capital restrictions that were imposed on the island two years ago. “The full lifting of capital controls marks the full restoration of confidence in our banking...
Cyprus and Bahrain signed a number of agreements on 9 March, during an official visit to the Kingdom by Cyprus President Nicos Anastasiades. These include an agreement on double taxation avoidance, which is based on...
Central Bank of Cyprus Governor Chrystalla Georghadji has expressed optimism that 2015 will signal the start for economic recovery and a return to growth. She was addressing, on Monday 1 December, the Parliamentary Committee on...
The Cyprus general government accounts achieved a surplus of €274.9 million for the period of January – October 2014. According to figures released by the Ministry of Finance on Monday 1 December, the overall surplus...
Cyprus and the USA signed on Tuesday 2 December an intergovernmental agreement for the implementation of the US Foreign Account Tax Compliance Act (FATCA), in what has been described as a step further in boosting...
Cyprus looks ready to strike a lucrative energy deal with neighbouring Egypt to pump natural gas straight to the LNG plant at Damietta, close to Cairo. According to media reports, Nicosia and Cairo appear to...
Cyprus has signed a multilateral agreement on the reciprocal exchange of information relating to financial accounts for tax purposes. According to an official announcement, the agreement was reached during a meeting in Berlin of the...
Three Cypriot banks completed with a capital surplus the European Central Bank’s comprehensive assessment, whereas one bank completed the exercise with a manageable shortfall. The ECB and EBA comprehensive assessment revealed capital shortfalls for Bank...
The results of the Comprehensive Assessment for Cypriot banks by ECB and EBA, published on Sunday, confirm the final stabilization of and restoration of confidence in the financial system of Cyprus, as well as the...
EU finance ministers have taken a major step towards ending banking secrecy, agreeing to the automatic exchange of account information. The 28 finance ministers meeting in Luxembourg on 14 October approved a directive requiring banks...
