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
CBD bank fined €715,000 for non-compliance of anti-laundering rules Cyprus Development Bank fined for failure to comply with certain provisions of the Prevention and Suppression of Money Laundering ... Newsroom 22/05/2018 | BUSINESS
Cyprus tightens vetting for investment-for-passport scheme New procedures will be stricter with the number of passports granted capped at 700 a year Source: AP 22/05/2018 | BUSINESS
Cyprus forecasts high GDP growth of 3% plus until 2021 Tourism and shipping are expected to drive the economy forward over the next three years Newsroom 22/05/2018 | BUSINESS
Sir Stelios launches 10th Bi-Communal Awards The objective of Sir Stelios’ philanthropic act is to strengthen the socio-economic ties between the two communities Newsroom 22/05/2018 | BUSINESS
Bill to scrap tourism bureaucracy heading for a vote Undersecretary for Tourism legislation could pass but CTO could also stick around Newsroom 21/05/2018 | BUSINESS
Tsipras says Greece will meet fiscal targets with no fiscal gap in 2018-9 Greece and its foreign creditors agreed that the country will meet its fiscal targets in the coming years Source: Reuters 21/05/2018 | BUSINESS
UK financial sector wants global talent on tap after Brexit Costs for hiring bankers, accountants and lawyers from outside Britain will soar after Britain leaves EU Source: Reuters 21/05/2018 | BUSINESS
Russian 'dirty money' flowing through London damages UK Money hidden in British assets and laundered through financial institutions damages government efforts to be tough with ... Source: Reuters 21/05/2018 | BUSINESS
Cyprus, Malta, Greece want red tape cut to boost shipping They want the European Union to cut bureaucracy holding back growth in the sector Source: AP 18/05/2018 | BUSINESS
Lidl fined €80,000 for false advertising Cyprus fines German popular price-slasher for unfair commercial practices Newsroom 17/05/2018 | BUSINESS
