NEWS

Cyprus and Bahrain sign double taxation agreement

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...

2015 will signal the start for economic recovery

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

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 (FATCA)

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 and Egypt work towards major energy deal

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 signs agreement on exchange of information for tax purposes

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 of four Cypriot banks pass EU stress test

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...

Stress tests confirm economy’s positive outlook

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 ministers end banking secrecy

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...

Company registration statistics

Almost 8,000 new companies were registered in Cyprus in the first three quarters of 2014, according to figures released by the Cyprus Registrar of Companies. Statistical records posted on the Registrar’s official website show that...
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