The Cyprus Parliament voted against two non-government bills on borrowers’ rights on Thursday, which the government and the Central Bank had warned could threaten the stability of the financial...
Finance Minister Makis Keravnos will present to legislators on Monday a government package of seven proposals to address the issue of foreclosures.The package was submitted on Thursday in a bid to...
10/07/2023
The challenges that Cyprus is faced with as regards EU’s “Fit for 55” targets were outlined during an event at the House of Representatives on Friday.President of the House Annita Demetriou and the...
23/06/2023
The government has submitted to the Parliament a supplementary budget amounting to €361 million with an impact of 0.85% of GDP on the government coffers.This is second supplementary budget submitted...
23/06/2023
The plenary session of the Cyprus Parliament passed on Thursday almost unanimously a law allowing for the imposition of a reduced VAT rate of 5% on the first 130 sqm of a primary residence, including...
09/06/2023
Cyprus House of Representatives and the Control Unit of the Economic Governance and the Economic and Monetary Union (EGOV) of the European Parliament are co-organizing a seminar, on June 8 and 9,...
07/06/2023
Today, the European Commission decided to send a reasoned opinion to Cyprus for its failure to properly apply EU VAT rules for dwellings purchased or constructed in Cyprus.According to a statement,...
01/06/2023
EU Justice Commissioner Didier Reynders, said Friday that the judicial system of Cyprus faces challenges concerning the efficiency of justice and reducing the length of the procedures. He was...
08/05/2023
Ships flying the Cypriot flag are faced with a second Turkish embargo, Deputy Minister of Shipping Marina Hadjimanolis stressed on Wednesday, noting that there is not only an embargo on docking in...
31/03/2023
Cyprus Minister of Finance Makis Keravnos has called on banks to go ahead with loan restructurings, maintain low lending rates and bank charges and to increase deposit rates on the backdrop of...
27/03/2023