Morningstar DBRS recently upgraded Cyprus’ long-term credit rating to positive, citing budget surpluses of 2.7% of GDP in 2022 and 3.1% in 2023, following pandemic deficits. In accordance with the
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Cyprus has outperformed its EU peers in managing public debt, achieving a significant reduction in its gross government debt-to-GDP ratio. By the end of the second quarter of 2024, Cyprus’
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According to the European Union’s Statistics Service (Eurostat) data published recently, Cyprus recorded the third-highest annual growth rate in the EU for the second quarter of 2024. Based on seasonally
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On 17 January 2023, the Tax Department of Cyprus announced the replacement of the TAXISnet platform and other smaller tax platforms with the new unified tax management system “Tax For
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Cyprus has been ranked 18 in the Greenfield Foreign Direct Investment (FDI) index of the FDI Intelligence for 2021, which is a 50 places positive jump compared to the year
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According to the recent reports, following the decision of the Central Bank of Lebanon, the Lebanese banks will be closing their branches in Cyprus. Lebanon is going through a severe
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Η απόλυση μη εμβολιασμένων εργαζομένων στην Κύπρο είναι ένα ερώτημα το οποίο απασχολεί τόσο τους εργοδότες όσο και τους εργοδοτούμενους. Η απάντηση στο ερώτημα αυτό δίδεται μέσα από την ανάγνωση
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On the 16th October 2021, Cyprus and Egypt signed a memorandum of understanding (MOU) on electricity interconnection. The MOU will facilitate the construction of the €2.5 billion EuroAfrica Interconnector and
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Recently, the Deputy Minister of Research, Innovation and Digital Policy, Kyriakos Kokkinos announced that Cyprus will proceed implementing a tele-service to serve its citizens. Tele-service means serving citizens via telephone,
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The Moody’s credit rating agency has recently upgraded the Cyprus’ long term credit rating to Ba1 stable outlook. Moody’s cited that “the key drivers for the rating action to upgrade
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