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Category: Economy

Special economic support measures announced by the Cyprus Government due to the coronavirus.

Mar 18, 2020
Updated: 18/03/2020 This is  summary of the financial measures anounced by the government last Sunday 15/03/2020. Special Leave Granting of “Special Leave” to parents working in the private sector for...

Cyprus has made ‘enormous progress’ on money-laundering clampdown.

Apr 24, 2019
US Department of Treasury Assistant Secretary for Terrorist Financing Marshall Billingslea on Friday praised Cyprus’ “enormous progress” on issues relating to anti-money laundering (AML). Billingslea who is visiting Cyprus, met...

Shell companies and the 60 days tax residency scheme.

Nov 16, 2018
The Minister of Finance has stated recently that the model where Cyprus encouraged the opening of bank accounts of companies, that had just deposits at the banks, with no physical...

Cyprus back on track. S&P raises Cyprus credit rating to BBB.

Sep 21, 2018
On Friday 14/09/2018 Standard & Poor’s Global Ratings raised its long- and short-term foreign and local currency sovereign credit ratings on Cyprus to ‘BBB-/A-3’ from ‘BB+/B’ with a stable outlook....