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News

Possibility of a tram system in Nicosia

14.11.2014

The Ministry of Transport is taking into consideration the idea of constructing a tram system in Nicosia.

The construction of Cyprus` first casino resort will be done through an international public tender procedure

11.11.2014

According to the Ministry of Energy, Commerce, Industry and Tourism of the Republic of Cyprus, the potential investor for the construction of a casino will be announced by the end of the summer 2015.

Aegean and Ryanair are competing for the acquisition of Cyprus Airways

08.11.2014

A well known Greek airline company Aegean Airlines and the European market leader of aviation services Ryanair are the two main pretenders for the acquisition of Cyprus Airways. According to Cyprus media, by the end of the tender process, the government has received a total of nine acquisition proposals. Although, only Aegean and Ryanair have requested the business plans.

The outcome of the trial drilling will be known in the nearest future

07.11.2014

According to the Ministry of Energy in Cyprus, the results of the trial drilling will be out soon. According to the Minister of Energy George Lakkotrypis, from the results it will be possible to construct a clear picture of how the natural recourses could be used in the future.

Tax Break for early payment of IPT

04.11.2014

The Cyprus International Financial Services Association has highlighted that those paying the Government their immovable property tax dues before October 31, 2014, ahead of the November 30, 2014, deadline, will receive a 15% discount, TaxNews reports.

Cyprus was ranked 64th with regard to the ease of doing business

03.11.2014

According to the recently published The Doing Business Report, which is annually elaborated by the World Bank Group, Cyprus was ranked 64th on the ease of doing business out of 189 countries that were compared in the ranking. The original report can be found on the website of The Doing Business Org.

The number of foreigners in the new Board of Directors of Bank of Cyprus will prevail

01.11.2014

Today, the board of directors of Bank of Cyprus includes 13 people, including five representatives of the Russian Federation.

Drop in fuel prices

20.10.2014

Star Oil manager Giorgos Petrou said recently that mostly all fuel companies of Cyprus will be lowering fuel prices due to the global drop in oil prices.

EBRD is about to invest € 800 million in the economy of Cyprus

11.10.2014

European Bank for Reconstruction and Development (EBRD) has declared its will to invest about € 800 million in the economy of Cyprus, mainly in the sectors of energy and tourism, as well as the privatization of parastatals and some other large projects that are valued at € 10 million each.

The official opening of Minthis Hills

23.09.2014

September 17 the official opening Minthis Hills, the project company Pafilia Property Developers

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