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70 COMPANIES TO BID FOR CYPRUS OFFSHORE GAS FIELDS

Apr 2, 2012
On Dec. 28, Texan company Noble Energy, Inc. announced the discovery of 3 trillion to 8 trillion cubic feet of natural gas in Block 12 of the Exclusive Economic Zone (EEZ)...

THE NEW INTERNATIONAL TRUST LAW – NEW SOLID INVESTMENT OPPORTUNITIES IN CYPRUS

Mar 28, 2012
After much debate the House of Representatives finally voted into law the new Cyprus International Trust Law. The bill  that was enacted on the 9th of March 2012 aims to...

RUSSIAN INVESTORS EXPECTED TO FLOCK TO CYPRUS INVESTMENTS

Feb 29, 2012
On February 15, 2012, Cyprus and Russia further strengthened their longstanding economic cooperation when Russia’s State Duma Sergey Naryshkin ratified the amending Protocol to the Cyprus-Russia Double Tax Treaty of...

NEW CYPRUS DRILLING ROUND FOR OIL AND GAS LICENSING

Feb 16, 2012
A new oil and gas licencing round organised by the Republic of Cyprus. Further drilling blogs in the eastern Mediterranean will contribute to energy security in southern Europe. The new...

NOBLE ENERGY ANNOUNCES SIGNIFICANT NATURAL GAS RESERVES OFFSHORE CYPRUS

Jan 4, 2012
On December 28th Noble Energy, Inc. made an official announcement of a natural gas discovery at the Cyprus Block 12 of the Aphrodite Gas Field, offshore Cyprus. Results from the...

CYPRUS TO BECOME THE RICHEST COUNTRY IN EUROPE

Nov 10, 2011
Ten years ago when I was applying to grad schools with my Cyprus diploma, there were couple of occasions when, to my shock, I was asked where Cyprus was. Since...

AMENDMENTS TO TAX LAWS

Aug 9, 2011
On 26 August 2011 the House of Representatives of Cyprus voted a number of amending laws which were presented by the Government as a first package of austerity measures toward the increase...

MASSIVE EXPLOSION IN CYPRUS

Jul 27, 2011
A massive explosion caused by 98 containers of gunpowder took place last Monday morning, 11/07/11 at the Evangelos Florakis base in Limassol, Cyprus. It was the worst peacetime military accident that resulted in...

NEW TAX MEASURES 2011

Jul 19, 2011
On 14 December 2010, the Cyprus Parliament, in an effort to combat tax evasion and tax avoidance has passed a number of changes in the tax legislation. We hereby summarise...