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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The Parliamentary Committee on Energy, Trade, Industry and Tourism of the Cyprus House of Representatives decided on 8 October 2024 to delete all fines imposed for failing to submit the
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On 25 September 2024, The Department of the Registrar of Companies and Intellectual Property announced that all companies established or registered under the Companies Law, Cap. 113, all European Public
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The European Central Bank (ECB) has reduced interest rates for the second time since June. The deposit rate, which is the ECB’s primary tool, was lowered from 3.75% to 3.5%,
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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 16 July 2024, the Department of the Registrar of Companies and Intellectual Property announced that in cases of change of officers/partners in a company/cooperative, the responsibility to carry out
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On the 9th of July 2024, Eurostat (the statistical office of the European Union) published its findings regarding house sales in the EU. According to Eurostat data, house sales were
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Cyprus is considering easing residency rules for high-income earners. The new proposed bill foresees a minimum of EUR 250, 000 investment in residential property and EUR 40, 000 income from
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On February 7, 2024, following the meeting of the Council of Ministers of Cyprus, the Minister of Finance Mr. Makis Keravnos announced that the Council of Ministers approved the revision
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On February 21, 2024, despite previous opposition from the Ministry of Finance, the Cyprus Cabinet decided to abolish the annual company levy of €350 imposed on Cyprus companies. The Ministry
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