Search

31. Cyprus foreign minister in Washington

Cyprus Minister of Foreign Affairs Nikos Christodoulides is on a working visit to Washington, where he will also meet with Secretary of State Mike Pompeo on Monday...

32. Minister says Cyprus turned page on passports

Cyprus’s finance minister acknowledged on Tuesday that some mistakes were made in offering citizenship for investment after disclosures about beneficiaries triggered uproar on the Mediterranean island...

33. Cyprus to start process for early repayment of IMF loan, Finance Minister announces

Finance Minister Harris Georgiades announced on Tuesday that an official process will be launched for the early and full repayment of an IMF loan, following the repayment of a loan from Russia....

34. Government to introduce Green Tax Reform by 2021

Minister of Finance Harris Georgiades said on Thursday that the government would introduce in 2021 a “Green Tax Reform”. Georgiades was speaking to the press on the sidelines of the 20th Global Conference on Environmental Taxation which took place in Limassol...

35. Cyprus to fully repay IMF loan in 2020

According to figures from the 2020 budget presented by Finance Minister Haris Georgiades to the Cabinet, Cyprus will repay the IMF loan early resulting in government debt reduction to 91.1% of GDP ...

36. Cabinet approves surplus 2020 budget

The Cabinet approved on Wednesday the budget for 2020, which foresees a surplus in state finances, while a significant increase in spending is planned due to the implementation of the General Healthcare System ...

37. Estia scheme kicks in for eligible borrowers

The Estia plan aimed at boosting borrowers’ ability to repay their defaulted loans went into effect on Monday, as the Cypriot government embarks on a scheme to subsidize repayments of restructured loans...

38. Finance minister pleased with Waters’ visit

Finance Minister Harris Georgiades says a visit by a US delegation affirms that Cyprus is on the right track in combating money laundering, following a statement by California Congresswoman Maxine Waters who said “Cyprus is up to the challenge....

39. Waters’ summer mission reaches Cyprus

California Congresswoman Maxine Waters is on summer recess trip to Europe with a US special delegation on a mission meeting with officials in Switzerland and Cyprus...

40. US congresswoman on a money trail to Cyprus

A US Congress delegation is set to visit Cyprus to hold meetings on financial matters, led by Chairwoman Maxine Waters who vowed earlier this year to conduct oversight hearings into financial dealings of the US president...

41. Business leaders reject proposal for corporate tax rate increase

We will not proceed with the increase in the corporate tax rate said Finance Minister Haris Georgiades, shortly after business leaders rejected his proposal ...

42. Government in talks with businesses to raise corporate tax rate

Finance Minister Haris Georgiades confirmed reports that the government plans to increase the corporate tax rate from 12.5% to 15%...

43. Foreclosure legislation unconstitutional

The latest piece of legislation on foreclosures which was approved last Friday is unconstitutional...

44. Cyprus considers raising corporate tax rate to 15%

The idea of ​​raising the Cyprus corporate tax rate from 12.5% ​​to 15% has been discussed at a meeting between Finance Minister Haris Georgiades and business executives...

45. Lifeline as Parliament accepts President's referral

The House of Representatives has heeded warnings voting to accept the President's referral of legislation that would have made it difficult for banks to recover mortgaged non-performing exposures...

46. Foreclosures: Parliament rejects President's referral

The House of Representatives today rejected a presidential referral regarding a number of foreclosure legislation amendments. ...

47. Foreclosure legislation deemed unconstitutional

Finance Minister Haris Georgiades said on Tuesday that "a legislative framework must be effective, it must not change frequently, in order to create a trustworthy framework that will enable us to manage this last remaining problem of non-performing loans.'' ...

48. Moody's warns foreclosure laws increase risk for banks

Cyprus’ new foreclosure framework hampers banks efforts to reduce NPLs said credit rating agency Moody's in an announcement on Thursday....

49. Cyprus parliament suspends foreclosures

The House of Representatives voted in its last plenary before summer recess an amendment to the foreclosure law that foresees a freeze in foreclosures and suspension for loans eligible for the ESTIA loan relief plan...

50. Cyprus aims to be among the first to regulate blockchain technology

Distributed Ledger Technology (DLT) and more specifically, Blockchain, can offer endless possibilities in many different fields, according to speakers addressing the Cyprus Blockchain Summit, on Wednesday, in Nicosia. Finance Minister Harris Georgiades said that Cyprus aim to be among the first countries to regulate aspects of DLT. The creation of the regulatory framework should be flexible, so that it will promote innovation and provide legal certainty and protection for both consumers and investors, House President Demetris Syllouris noted from his part...

51. Fiscal Council: Implement reforms and maintain surpluses

52. Bank culture should change Central Bank Governor says

53. DBRS reaffirms Cyprus’s rating

54. US Treasury official: Cyprus has made huge progress in combating money laundering

55. Two worlds on a collision course

When Nicos Anastasiades was campaigning in 2013 for the presidency in the Republic of Cyprus under the banner “leadership in times of crisis” many people bought into the idea that the leader on the right would recognize the gravity of the situation and had a plan ready to get the country out of a tight spot...

56. US Assistant Secretary for terrorist financing to visit Cyprus

57. Cyprus to repay Russian loan early

58. Financial stability a priority says new Central Banker

59. President Anastasiades: Political cost preferable to letting go of Finance Minister

60. Finance Minister: To avoid trouble, don't defy economic logic