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    Cyprus at the Crossroads
    • Jan 30

    Cyprus at the Crossroads

    Philip Ammerman | 29 January 2021 In January 2021, Cyprus finds itself once again at a crossroads. The end of the Citizenship by Invest...
    Cyprus lifts travel ban on 56 countries
    • Jan 17

    Cyprus lifts travel ban on 56 countries

    The Cypriot government has updated its protocol for travel and tourism in December 2020. It comes into effect as of 1 February 2021 and i...
    Cyprus completes 5G spectrum tender
    • Dec 16, 2020

    Cyprus completes 5G spectrum tender

    The government of Cyprus has successfully tendered four licenses for 5G spectrum rights. This marks the beginning of the 5G era in Cyprus...
    European Commission disburses € 14 billion under SURE to nine Member States
    • Nov 16, 2020

    European Commission disburses € 14 billion under SURE to nine Member States

    The European Commission has disbursed € 14 bln to nine EU countries in the second installment of financial support. As part of today's di...
    European Commission forecasts 6.1% decrease in Cyprus GDP in 2020
    • Nov 5, 2020

    European Commission forecasts 6.1% decrease in Cyprus GDP in 2020

    According to the European Commission, economic activity in Cyprus contracted sharply in the first half of the year, due to Covid-19 crisi...
    Cyprus records deficit of € 800 mln in Q2 2020
    • Oct 22, 2020

    Cyprus records deficit of € 800 mln in Q2 2020

    According to the Cyprus Statistical Service (Cystat), Cyprus recorded a deficit of € 800 mln in the period April - June 2020, compared to...
    Cyprus tourism revenue falls by 88.5% in January – July 2020
    • Sep 28, 2020

    Cyprus tourism revenue falls by 88.5% in January – July 2020

    According to the Statistical Service of Cyprus, revenues from tourism in Cyprus fell by by € 1.26 bln (88.5%) during the first seven mont...
    DBRS Morningstar outlines COVID-19 Economic Risks to Tourism in Cyprus
    • Sep 15, 2020

    DBRS Morningstar outlines COVID-19 Economic Risks to Tourism in Cyprus

    DBRS Morningstar has released a report on the economic vulnerabilities faced by the southern European countries most exposed to tourism a...
    Cyprus and Russia agree to change Double Tax Treaty
    • Aug 9, 2020

    Cyprus and Russia agree to change Double Tax Treaty

    Financial relations between Russia and Cyprus have been uncertain since March due to Russia’s move to amend the Double Tax Treaty between...
    First Indications of the Second Wave
    • Aug 3, 2020

    First Indications of the Second Wave

    The onset of tourism and the relaxation of social distancing show that a Second Wave of COVID-19 infections is starting.
    € 2.7 bln in EU Support allocated to Cyprus
    • Jul 30, 2020

    € 2.7 bln in EU Support allocated to Cyprus

    Cyprus will receive € 2.7 billion from the EU Pandemic Recovery Fund and the 7-Year regular EU budget. The recovery fund allocation is
    Stockwatch Update on the Cyprus Citizenship by Investment Programme
    • Jul 30, 2020

    Stockwatch Update on the Cyprus Citizenship by Investment Programme

    The Citizenship by Investment Programme has seen a slowdown in applications in 2020 due to the COVID crisis. This is preventing potential in
    Louis Group sells 5 Greek hotels to Blackstone
    • Sep 24, 2019

    Louis Group sells 5 Greek hotels to Blackstone

    On Friday, 20 September, the Louis Hotels Group of Cyprus announced the sale of five Greek hotels to the Blackstone Group. The total valu...
    Airbnb Global Bookings reach $ 100 billion in 2018
    • Jul 8, 2019

    Airbnb Global Bookings reach $ 100 billion in 2018

    Airbnb, the online accommodation platform, announced that the total value of reservations in 2018 reached $ 100 billion in 30 countries. ...
    Nuvei buys Cyprus fintech firm SafeCharge
    • Jun 20, 2019

    Nuvei buys Cyprus fintech firm SafeCharge

    The Canadian payments services provider Nuvei has announced its merger with Cyprus-based SafeCharge International Group Ltd. The total de...
    Chinese investors to build three towers at former LOEL factory in Limassol
    • Jun 14, 2019

    Chinese investors to build three towers at former LOEL factory in Limassol

    Chinese investors are planning to construct three 35-storey residential towers in the Karnagio area in Limassol. The mixed-use developmen...
    Limassol Casino awards development contract to J&P Avax – Terna for $600 million resort investment
    • Jun 14, 2019

    Limassol Casino awards development contract to J&P Avax – Terna for $600 million resort investment

    On April 2nd, the City of Dreams Casino Resort announced the award of the construction contract for the Limassol Casino to the J&P Avax –...
    Rise in Cyprus property sales ahead of changes in Investor Citizenship Programme
    • Jun 10, 2019

    Rise in Cyprus property sales ahead of changes in Investor Citizenship Programme

    New, stricter, passport criteria have been in effect for Cyprus’ Citizenship by Investment scheme since 15 May 2019. As a result, the Cyp...
    Cypriot government makes agreement with Noble over ‘Aphrodite’ gas
    • Jun 6, 2019

    Cypriot government makes agreement with Noble over ‘Aphrodite’ gas

    The Cypriot government is expected to make a net revenue of €7.9 billion from its agreement with Noble Energy and its partners for the Ap...
    ExxonMobil finds Cyprus’ largest gas discovery to date
    • May 31, 2019

    ExxonMobil finds Cyprus’ largest gas discovery to date

    ExxonMobil has found natural gas at the Glaucus 1-well in plot 10 of Cyprus’ Exclusive Economic Zone. Authorities have said that this is ...
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