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
IMF: Cyprus economic recovery gradually decelerating but remains strong 'A window of opportunity for structural reforms is opening and should be vigorously pursued' Newsroom 04/06/2019 | BUSINESS
French CNP buys BOC stake in Cyprus subsidiary for $97.5 million CNP Assurances raises CNP Cyprus Insurance Holdings stake to 100% Newsroom 04/06/2019 | BUSINESS
Eurobank Cyprus selects TEMENOS for its digital transformation Eurobank to redefine its operational model Newsroom 03/06/2019 | BUSINESS
JPMorgan coming to Cyprus The US investment bank is expected to be the third USD correspondent bank Newsroom 03/06/2019 | BUSINESS
Cyprus Tax Webcast May 2019 Cyprus Tax Webcast, May 2019 brought to you by the Deloitte Tax Team 31/05/2019 | BUSINESS
Nuvei to buy in cash Cyprus based fintech firm SafeCharge for $889 million The deal will create a company with a revenue of approx. $300 million and a transaction volume of approx. $30 billion Newsroom 28/05/2019 | BUSINESS
DBRS reaffirms Cyprus’s rating NPE challenges remain but growth continues to be strong Newsroom / CNA 20/05/2019 | BUSINESS
CBC ready to examine ambiguities in AML laws Herodotou said Cypriot banks take more time to carry out due diligence checks compared with their EU peers Source: CNA 17/05/2019 | BUSINESS
EU regulators fine five banks 1.07 billion euros for forex rigging Barclays, Citigroup, JPMorgan, MUFG and Royal Bank of Scotland fined by EU Source: Reuters 16/05/2019 | BUSINESS
Cyprus and Kazakhstan sign double taxation avoidance agreement The treaty is based on the OECD’s Model Convention for the Avoidance of Double Taxation on Income and on Capital Newsroom / CNA 16/05/2019 | BUSINESS
