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1831. Scope rates Cyprus with BBB-

Scope Ratings affirmed last week the Republic of Cyprus’ BBB- long-term issuer and senior unsecured local- and foreign-currency ratings, along with a short-term issuer rating of S-2 in both local and foreign currency, noting that all outlooks are stable...

1832. 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 ...

1833. 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%...

1834. 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...

1835. Perseids peak this weekend

Stargazing enthusiasts can expect to see around a dozen Perseids per hour this weekend, which is the peak of the summer meteor shower...

1836. Exceeding expectations

In the eight months of its operation, Nicosia Mall has surpassed expectations. Following the triumphant opening in November 2018 and the resounding welcome by consumers, the capital’s newest shopping mall has been steadily and assuredly pulling in crowds and converting them into devoted customers. The outstanding traffic as well as the levels of satisfaction and observed visitor loyalty, which are examined on a quarterly basis through surveys, are a testament that a thoughtfully planned retail destination and a customer centric approach can yield success. Most importantly, the data available foretells a bright future ahead...

1837. Trump hits China with more tariffs, sharply escalating trade dispute

U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply escalating a bruising trade war between the world’s largest economies and jolting financial markets. ...

1838. Unemployment in Cyprus drops to 6.5%

The euro area seasonally-adjusted unemployment rate was 7.5% in June 2019, down from 7.6% in May 2019 and from 8.2% in June 2018. This is the lowest rate recorded in the euro area since July 2008. The EU28 unemployment rate was 6.3% in June 2019, stable compared with May 2019 and down from 6.8% in June 2018. This remains the lowest rate recorded in the EU28 since the start of the EU monthly unemployment series in January 2000. These figures are published by Eurostat, the statistical office of the European Union ...

1839. Cyprus Tax Webcast, July 2019

1840. 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.'' ...

1841. US removes Turkey from F-35 program after Russian missile purchase

The United States said on Wednesday that it was removing Turkey from the F-35 fighter jet programme, a move long threatened and expected after Ankara began accepting delivery of an advanced Russian missile defence system last week. ...

1842. Golden Dawn voters, women and Mitsotakis

Some foreign journalists have in recent days made two negative observations regarding New Democracy’s victory in the July 7 snap election and the makeup of the new cabinet...

1843. GCC awarded by Hewlett Packard Enterprise Southern Europe

Hewlett Packard Enterprise Southern Europe named GCC as “Top Solutions Provider Partner of the Year” for Greece and Cyprus markets ...

1844. Chinese Ambassador to Cyprus: No one stands to win in a trade war

1845. Die-hard eurosceptic or opportunist?

1846. Electricity prices to rise 5% in June

1847. Undiplomatic behavior

1848. Cyprus 'one of the success stories of ESM'

1849. Cypriots go to the polls

Polls opened on Sunday morning in the Republic of Cyprus where 72 candidates are competing for one of six seats at the European parliament...

1850. CBC ready to examine ambiguities in AML laws

1851. Greek PM unveils tax, pension relief measures ahead of elections

Greece’s lefist Prime Minister Alexis Tsipras on Tuesday unveiled additional tax and pension “relief measures,” weeks before a European Parliament election....

1852. Cyprus raises 1.25 billion euros to repay Russian loan early

1853. Interview with Vincent Tourette

1854. Cyprus to repay Russian loan early

1855. President reiterates commitment to high economic growth

1856. Economic ties indispensable FM tells business forum in Beirut

1857. An economy in transition

1858. Erdogan pays electoral price for Turkey's tumbling economy

1859. EP approves a new law banning single-use plastic items

1860. Parallel House on Kea earns two young architects Domes award

Located in a wild, inhospitable and isolated corner of the Cycladic island of Kea, the Parallel House took the prize for Best First Work by a Young Architect at this year’s Domes Greek Architecture Awards earlier this month. Katerina Kourkoula and Hannes Livers Gutberlet of the firm En Route designed a residence along the contours of the natural landscape, parallel to the island’s southeastern coast, looking out toward the nearby island of Kythnos....