On the basis of the results of the Passengers Survey conducted by the Cyprus Statistical Service, tourist arrivals reached 482,132 in July 2016 compared to 414,527 in July 2015, recording…

Cyprus’ tourist product can contribute up to 30% of GDP by 2030, creating an additional 70,000 jobs, according to a government-sponsored report by Spanish company THR-Innovative Advisors, In-Cyprus reports. The…

The number of applications for new company registrations rose in July to the pre-crisis levels (of March 2013), following an upward trend for the 11th consecutive month. According to data…

The ports of Cyprus can significantly to economic growth and to the decrease of the unemployment rate, Transport Minister Marios Demetriades said after visiting Saipem’s Castoro Sei pipelayer platform, anchored…

The number of real properties bought by non-Cypriots rose an annual 12 per cent in the first seven months of the year to 876, which is almost one quarter of…

India’s cabinet approved the renegotiated double tax avoidance treaty with Cyprus, the South-Asian country’s finance ministry said. “Cabinet approves signing a Revised Double Taxation Avoidance Agreement between the Republic of…

The sale of luxury apartments in the Ayia Napa marina has begun, with the first buyers being from abroad. There is great interest in the project, with lawyers and potential…

Cyprus and Jersey signed a treaty for the avoidance of double taxation on income based on the model convention for the avoidance of double taxation of the Organisation of Economic…

Parliament has approved a proposal that the property tax for 2016 will be at 25% of the taxable payable amount calculated based on the applicable rates and the price of…

Mortgage rates in June dropped to their lowest level since 2007, according to the Central Bank of Cyprus. The interest rate on mortgages fell to 2.99%, from 3.09% in the…