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601. Attracting investments, relations with Turkey: A new chapter?

On a diplomatic level, the main event was Mitsotakis’ meeting with Turkish President Recep Tayyip Erdogan. The two leaders discussed all the major issues. Aside from the chronic Cyprus dispute, where the situation has become even more complicated following the discovery of gas deposits, one of the most pressing issues at the moment is migration. ...

602. Moody's changes Cyprus outlook to positive

Rating agency Moody’s changed the outlook for the Cypriot economy to positive from stable, citing the reduction of the sovereign exposure to event risks stemming from the banking sector and the improving fiscal strength beating previous expectations...

603. 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 ...

604. Greek corporations rush to issue bonds amid record low yields

The easing of Greek state bond yields to record lows has opened the way to international markets for major Greek corporations too, as they can now take the opportunity to reduce their cost of borrowing. ...

605. Overtaxation led to tax evasion

Losses incurred by the state coffers due to tax evasion in 2014-17 were greater than the value-added tax revenue increase as a result of consecutive tax hikes, according to a European Commission report on the so-called VAT deficit (the difference between the expected VAT revenues and actual collections)...

606. Greek PM in charm offensive aiming to ease primary surplus targets

Prime Minister Kyriakos Mitsotakis is planning a series of trips abroad toward the end of this month and next, hoping to convince Greece’s creditors of the recently elected government’s commitment to reforms and to lay the groundwork for reducing demanding primary surplus targets agreed under the country’s post-bailout agreement....

607. 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%...

608. 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...

609. Non-performing loans decline to €10.14 billion

Non-performing loans as defined by the European Banking Authority declined to €10.14 billion in March 2019, marking a reduction of €151 million compared to previous month. ...

610. S&P affirms Bank Of Cyprus ratings

Standard & Poor’s affirmed on Tuesday their `B+/B` long- and short-term issuer credit ratings on Bank of Cyprus Public Co. Ltd. (BoC), noting that the outlook is stable...

611. Greece approves cut on property tax, eases arrears payment

The Greek parliament approved an across-the-board reduction of a deeply unpopular property tax on Tuesday, fulfilling an election pledge of new prime minister Kyriakos Mitsotakis....

612. Cyprus Tax Webcast, July 2019

613. Two new recycling and composting programmes in Limassol

Limassol Municipality is going ahead with the implementation of two new recycling and composting programmes aiming to properly manage waste by reducing, reusing and recycling it. ...

614. Coral Bay trial ends with sentence

The man who ran down Charlie Birch in Coral Bay last year has been sentenced to 2.5 years, following a protracted legal battle that had charges reduced twice in the course of the trial...

615. Nicosia wants tougher measures against Turkey

The sanctions that were discussed on Thursday by national envoys of European Union member-states against Turkey over its illegal drilling activities off Cyprus do not, reportedly, go far enough for Nicosia, which wants tougher measures. ...

616. Nicosia bypass closer to the start line

The long-awaited Nicosia bypass on the perimeter of the capital is a step closer to the start line, with reports saying a tender could be announced as early as next week...

617. Coral Bay defendant admits lesser charges

The Coral Bay trial resumed Tuesday following a number of procedural delays, with the prosecution introducing three lesser charges against the defendant while the court formally suspended prosecution on two previous counts, manslaughter and premeditated murder...

618. Eurogroup rules out any talk of primary surplus target reduction for Greece

Discussion on Greece was brief at Monday’s Eurogroup, but the council of eurozone finance minsters sent a clear message to Athens that creditors are ready to cooperate with the new government while warning that the handouts announced in May by the previous administration are putting growth and fiscal targets at risk...

619. When necessity becomes history

620. Fiscal Council: Implement reforms and maintain surpluses

621. Bank culture should change Central Bank Governor says

622.  Aphrodite revenue sharing at 57.1% - 42.9%

623. IMF: Cyprus economic recovery gradually decelerating but remains strong

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

625. DBRS reaffirms Cyprus’s rating

626. Bank of Cyprus posts profit amid CEO departure

627. Revenue from ship management climbs

628. Anti-money laundering efforts beginning to be recognized abroad, Central Bank Governor says

629. Greece to send note verbale to Germany over war reparations

Greece will soon send a so-called note verbale to Germany, repeating a long-held demand for war reparations for the crimes committed by Nazi Germany in World War II, Prime Minister Alexis Tsipras told parliament on Wednesday, during a debate on a relevant report presented by a House committee....

630. Minister tries to close loophole on hunting dogs

The government is scrambling to amend recent legislation to require hunters to obtain specific permits for their dogs on the condition they have a microchip...