ECONOMY Tax audits bring in nearly €30 million as MPs press for tougher checks Newsroom Cyprus’ Tax Department says it pulled in almost €30 million over the past two years after stepping up audits on companies flagged as high-risk, according to testimony before the Parliamentary Audit Committee on Friday. READ MORE
ECB mulls shelving rules tackling eurozone NPLs The guidelines, which were expected by March, had been presented as a key plank of the ECB’s plan Source: Reuters 23/04/2018 | BUSINESS
Legislation in the works to tax Airbnb rentals in Cyprus Proposal solves taxation but traditional tourism stakeholders still see airbnb as unfair competition Newsroom 23/04/2018 | BUSINESS
Buying Greek property makes sense Greek real estate has regained its appeal for investors, both foreign and domestic Kathimerini Greece Newsroom 23/04/2018 | BUSINESS
Cyprus recovery is being recognised by international agencies Fitch is the latest credit agency to upgrade the country's investment outlook Newsroom / CNA 21/04/2018 | BUSINESS
Co-op suffered 'nightmare' bank run Top CCB official says withdrawals totalled 1.9 billion in first three months of the year Newsroom 19/04/2018 | BUSINESS
IMF projects Cyprus GDP growth to exceed 4% in 2018-19 GDP is projected to grow by 4–4¼ percent during 2018-19, underpinned by a pipeline of mainly foreign-funded, large construction ... Newsroom / CNA 18/04/2018 | BUSINESS
CNN video peeks at Cypriot EU passports for Russians Video journal shows how cash and politics shape the citizenship market on the island Newsroom 17/04/2018 | BUSINESS
FinMin: Revenue from NPLs management will repay cost of support to Co-op Harris Georgiades said that pressure on the banking system by the European supervisory authorities is continuous Newsroom / CNA 17/04/2018 | BUSINESS
Netflix programming binge pays off with subscriber surge Blitz of original programs attracted a surprisingly high 7.4 million new customers from January to March Source: Reuters 17/04/2018 | BUSINESS
Cobalt offers new business class fares Travellers between Cyprus and Athens get lower fares and upgraded comfort this summer Newsroom 16/04/2018 | BUSINESS
ECONOMY
