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Media Centre

Cypriot business community sighs with relief following third Greek bailout  3  ON AUGUST 21, 2015ECONOMY By Alexandros Achilleos The ratification of the new cash-for-reforms agreement between Greece and its international creditors in recent days has brought…

Crunch Cyta meeting at the Palace

  • Monday, 24 August 2015 12:08
Crunch Cyta meeting at the Palace incyprus incyprus — 24/08/2015 PRESIDENTIAL_PALACE President Nicos Anastasiades is set for crunch meeting on Monday with union representatives of Cyprus Telecommunications Authority (Cyta) as the semi-governmental organisation draws nearer towards…

Property tax back to 1980 prices again

  • Wednesday, 05 August 2015 12:32
      Property taxes will once again be calculated at last year’s rate as the government decides to “play it safe” and postpone new legislation at the last minute. Authorities decided to push back on…
Cyprus is on track to exit its economic adjustment programme sooner than 2016, European Central Bank (ECB) President Mario Draghi has projected, adding, however, that there is no room for complacency.
The Central Bank of Cyprus said on Monday that its governing council decided to lower the ceiling on its base interest rate by one percentage point, urging the island’s commercial banks to follow suit by cutting…