TOURISM Nine countries ease travel advisories while officials weigh new support for struggling hotels. Photo credit: booking.com Cyprus tourism slumps as British demand drops and bookings fall 60% Dorita Yiannakou The main source of tourism for Cyprus is weakening this year. British travelers, who make up the country’s largest tourism market, are showing hesitation and caution because of geopolitical instability in the Eastern Mediterranean. READ MORE
German giant acquires Foody Cypriot startup promises to "scale up" following non-hostile takeover by Germany's Delivery Hero Newsroom 05/09/2019 | BUSINESS
Touch the Sun and immerse in the Sea Mediterranean style living by Leptos Coral Bay Resort Newsroom 02/09/2019 | BUSINESS
Scope rates Cyprus with BBB- German-based ratings agency Scope affirms Cyprus’ credit rating of BBB- with stable outlook Source: CNA 26/08/2019 | BUSINESS
Moody’s expects deleveraging to resume but warns over small economy and high level of debt Cyprus' credit challenges stem from its small and relatively undiversified economy, as well as high levels of government, ... Source: CNA 08/08/2019 | BUSINESS
EY: The sale of the three subsidiaries of Cyprus Popular Bank has been completed The sale of IBG, AEDAK and LFF was agreed at EUR73.5m Newsroom 07/08/2019 | BUSINESS
Business leaders reject proposal for corporate tax rate increase CCCI President Christodoulos Agastiniotis said that such proposals should be seriously studied Newsroom 07/08/2019 | BUSINESS
Government in talks with businesses to raise corporate tax rate CCCI, OEB, ICPAC in talks with government to reach a mutually beneficial formula Newsroom 07/08/2019 | BUSINESS
Cyprus considers raising corporate tax rate to 15% Discussions are underway to raise the rate from 12.5% to 15% Newsroom 06/08/2019 | BUSINESS
Exceeding expectations Nicosia Mall is winning its place as a retail landmark Newsroom 05/08/2019 | BUSINESS
Britain's LSE seals $27 billion Refinitiv deal to create data giant The Refinitiv deal will turn LSE into a major distributor as well as creator of financial market data, positioning it as ... Source: Reuters 01/08/2019 | BUSINESS
