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2251. Dangerous mosquito hitches plane ride to Cyprus

Cypriot authorities have been alarmed over an invasive mosquito that could potentially spread a virus, with experts saying the pesky pest most likely reached the island by plane...

2252. Majority of tourists visiting Cyprus are no longer Russian

In June 2021 at the 43rd conference of the Pancyprian Hoteliers Association, it may have been the first time it was officially made clear that the markets of Russia and Britain will no longer be a one-way street for the Cypriot tourism industry....

2253. Permits granted for 7,000 highly skilled workers from 3rd countries

The policy of granting tax incentives to foreign technology companies is yielding results, Invest Cyprus Investment Promotion Agency Chairman Evgenios Evgeniou said, stressing that 7,000 work permits have been approved this year for highly skilled individuals who chose to work in Cyprus....

2254. Cypriot businesses face serious issues, but still expect to turn a profit

What are the main problems for Cypriot businesses (table) ...

2255. September Newsletter of K. Treppides & Co Ltd: European Securities and Markets Authority

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

2256. 'Vision 2035': The long-term strategy for the Cypriot economy

"Cyprus should be one of the best places in the world to live, work and be active" is the vision on the basis of which the Cyprus Economy and Competitiveness Council presented the new Long-Term Strategy for the sustainable development of the Cypriot economy to the Parliamentary Committee on Financial and Budgetary Affairs, on Monday....

2257. Cyprus exceeded its 2022 targets for registration of electric vehicles

Cyprus has exceeded its targets for 2022 in the registration of electric vehicles, Minister of Transport, Communications and Works Yiannis Karousos said on Monday, saying that we have actually reached 144% of the target....

2258. SBA judge slams criminal justice system in Cyprus

A resident judge on the British Bases in Cyprus, who recently denied a removal request for two suspects in connection with an ongoing fake cocaine investigation, took the time in his remarks to issue a far-reaching indictment against the maladies of the Greek Cypriot criminal justice system...

2259. ECOMMBX celebrates its 5th birthday with its new partner CITI

On 22 September, ECOMMBX, a progressive Electronic Money Institution in Cyprus, celebrated its 5th year in business. ...

2260. ECOMMBX opens new horizons enabled by its new banking agreement with Citi

ECOMMBX, a progressive Electronic Money Institution based in Nicosia, proudly announces that it has concluded a correspondent banking agreement with Citi, the world’s most global bank. This new collaboration delivers a range of benefits for both ECOMMBX as well as Cyprus, as a jurisdiction....

2261. Reduced excise tax on fuel extended until mid-January

The Cyprus government extended the reduced excise duties on fuel until 15 January 2023 on Friday, in a bid to alleviate the effects of soaring inflation fuelled by the war in Ukraine, with the Finance Minister calling on Households and businesses to save energy as fiscal measures cannot tackle the problem of price hikes in its entirety....

2262. Cyprus highly innovative compared to other EU countries

Cyprus has achieved the biggest improvement in the field of innovation at the European level since 2015, according to the annual report of the European Innovation Scoreboard 2022 of the European Commission....

2263. Direct flights from Larnaca to Heraklion on TUS

For the first time in its history, TUS Airways will start offering direct flights from Larnaca to Heraklion, Crete. The Larnaca - Heraklion route starts on 16 December, with flights twice a week, Monday and Friday, and a fare from just €59 one way....

2264. Third annual Comulis conference highlighted correlative imaging methods

Following the successful COMULIS Conferences in Austria and Sweden, The Cyprus Institute (CyI) hosted the 3rd Annual Conference of the COMULIS COST Action (Correlated Multimodal Imaging in Life Sciences; https://www.comulis.eu),...

2265. Apple, Facebook and NFT's at this year's Digital Agenda summit

The Digital Agenda Summit 2022 will be held on October 17th. This annual event, now in its third year, features renowned speakers from all over the world who will discuss topics ranging from technology, innovation, climate change, politics and current events....

2266. EY Cyprus to present findings of 2nd ΕΥ Attractiveness Survey at Cyprus Attractiveness Forum: Investment Realized on 25 October

EY Cyprus is proud to present the findings of the second edition of the EY Attractiveness Survey Cyprus 2022, during its flagship event, Cyprus Attractiveness Forum: Investment Realized 2022 on 25 October 2022 at Parklane Hotel, Limassol....

2267. Spain gave 'golden visa' to former Mexican president being investigated for corruption

The Spanish authorities have finally confirmed that the former Mexican President Enrique Peña Nieto, who is being investigated by Mexico’s attorney general’s office for alleged money laundering, illicit enrichment, and illegal international transfers, is a legal resident of the country....

2268. Erdogan convenes meeting to discuss sanctions on Russia in possible turnaround

Turkish President Tayyip Erdogan will convene a top-tier economy-focused meeting on Friday at which Russian payment system Mir and possible Western sanctions will be discussed, two sources with information on the matter told Reuters....

2269. Nouris: More foreign companies setting up shop in Cyprus

The adoption of the New Strategy for Attracting Business and Talent has led to an impressive increase in interest from foreign companies to establish their presence in Cyprus, ...

2270. A cat has nine lives. So does the Cyprus property market.

Where is the Cyprus property market heading? I have been asked this question countless times over the past three months, primarily from foreign investors who are trying to appreciate how the rise in inflation, increase in interest rates, and war in Ukraine is affecting local market dynamics....

2271. Gun report adds new twist in Azeri case

The Azeri suspect in a contentious thwarted plot against Israelis in Cyprus has admitted some charges essentially throwing a curve ball at the prosecution, with the defense raising serious questions over murder-for-hire conspiracy and terrorism accusations...

2272. EY Cyprus recognized by International Tax Review as National Transfer Pricing Firm of the Year for the fourth consecutive time

For the fourth consecutive year, EY Cyprus was named Transfer Pricing Firm of the Year by the International Tax Review (ITR) in recognition of the high-quality tax services offered. ...

2273. Self check-in and robots - the future of tourism in Cyprus

2274. Two Turkish banks suspend Russian Mir payments after U.S. sanctions

Turkish lenders Isbank and Denizbank have suspended the use of the Russian payment system Mir, the banks said on Monday, following a U.S. crackdown on those accused of helping Moscow skirt sanctions over the war in Ukraine....

2275. Ayia Napa Marina welcomes the SUPER CRUISE SHIP ''Rhapsody of the Seas''

Ayia Napa Marina has proudly welcomed its first SUPER CRUISE SHIP ''Rhapsody of the Seas'', following the first cruise ship to anchor at the marina on 29 May. ...

2276. Profits of €55.4 million in first half of 2022 for Hellenic Bank

Hellenic Bank reported a profit of EUR 55.4 million for the first half of 2022, compared to a profit of EUR 21 million in the corresponding half of 2021....

2277. FT: The Bank of Cyprus/Lone Star deal is not just about price

Cyprus has attracted a different sort of visitor recently. US buyout group Lone Star has taken an interest in Bank of Cyprus, the island nation’s largest lender....

2278. Tourist arrivals up by 40%, most on holiday

Tourist arrivals increased by 40.2% in August 2022, rising to 451,133 compared to 321,858 in August 2021....

2279. Only PDO halloumi available in the market from today

As of today, inspectors from the Ministry of Agriculture have started inspections in supermarkets and store refrigerators to remove non-PDO branded halloumi products....

2280. Inflation still high but slowed to 9.6% in August

Harmonized inflation rose at a slower pace than in the previous month in August 2022, recording an increase of 9.6%, compared with August last year....