MARKET TRENDS

EBRD revises Cyprus’s growth forecast to 3.2%

“However, the legacies of the crisis, such as high public and private sector debt and a large overhang of non-performing loans (NPLs), remain important downside risks,” said the lender which has a [...]

BY Elena Economou
|
May 11 2018

Contractor corruption watchdog unable to carry out duties

The government has failed to properly support a committee it had set up to review cases of contractors suspected of bribery or misconduct forcing its chairman to resign, MPs said on Wednesday. During [...]

MARKET TRENDS
|
BY Elena Economou
|
May 10 2018

Cyprus and Egypt close to signing gas deal, says minister

Cyprus and Egypt are close to signing an agreement for connecting the Aphrodite gas field to the North African country, Energy minister Giorgos Lakkotrypis said on Monday. Lakkotrypis, who was in Cai [...]

MARKET TRENDS
|
BY Elena Economou
|
May 08 2018

A Glimpse Into The Future - What Happens When There Are No More Bitcoin To Mine?

ANALYSIS Bitcoin’s blockchain protocol makes mining more difficult as more miners join the pool, and the Bitcoin reward for mining a block also halves every 210,000 blocks. As it stands, miners rec [...]

MARKET TRENDS
|
BY Elena Economou
|
May 07 2018

Land lease fees to be scrapped

Fees on lease or rent of land will be scrapped by the land registration office, after a majority vote in parliament on Friday. Specifically, two bills on VAT were voted into law, both hailing from rul [...]

MARKET TRENDS
|
BY Elena Economou
|
May 05 2018

Property transactions up 29% in April

The highest increase was reported in Famagusta district where the number of transactions rose an annual 79 per cent last month to 52, the department said.

MARKET TRENDS
|
BY Elena Economou
|
May 03 2018

Tax department looking to tax Airbnb rentals

Tax authorities are now eyeing short-term property rentals such as Airbnb which, due to loopholes in the law, are not subject to tax. The matter was raised on Monday at the House finance committee, wh [...]

MARKET TRENDS
|
BY Elena Economou
|
May 02 2018

Frequent flyer points, travel or cash back rewards, which one is best for you

There are a number of rewards credit cards out there, and each seems to offer the user something different. Some offer points rewards that you can spend in their online store or trade in for discounts [...]

MARKET TRENDS
|
BY Elena Economou
|
May 01 2018

Tax break for young couples buying land for first home

The government has submitted to parliament a draft bill indirectly exempting from payment of 19 per cent VAT young couples who buy land for the purpose of building a primary residence. The issue is re [...]

MARKET TRENDS
|
BY Elena Economou
|
Apr 30 2018

Kalogirou: Cyprus an ideal destination for startups and tech companies

Cyprus comprises a safe, liable and competitive destination for startups and tech companies aiming for a global outreach, and is fully implementing relevant European legislation, Demetra Kalogirou, t [...]