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Cyprus increased by one percent standard VAT rate
13.01.2014

Cyprus increased by one percent standard VAT rate

Cyprus on Monday takes effect order of the Ministry of Finance to increase by 1% (up 19%) the standard rate of value added tax (VAT), which applies to 80% of goods and services in the country. Reported by the Cypriot news.

MEPs: Three mistakes should not be repeated
12.01.2014

MEPs: Three mistakes should not be repeated

Representatives of the European Parliament who are currently in Cyprus, said that the decision on assistance "victims" of the eurozone countries should be based on a democratic basis to past mistakes Troika of international lenders will not be repeated.

Cyprus real estate market collapsed in the year 2013 40%
11.01.2014

Cyprus real estate market collapsed in the year 2013 40%

The property market in Cyprus last year fell to the lowest levels in the period from 2000 year.

Slot for sale
10.01.2014

Slot for sale

In support of barely making ends meet Cyprus Airways, the ministers gave permission for the sale of one of the two night slots (time available for flight airline) allocated to the national air carrier of Cyprus in London's Heathrow Airport. Otherwise, the CA is facing bankruptcy.

Small and medium-sized enterprises to help rebuild the economy
09.01.2014

Small and medium-sized enterprises to help rebuild the economy

Cyprus Finance Minister Harris Georgiades said that the island's economic recovery will not happen at the expense of two or three spectacular moves.

Cyprus loses the status of tax havens because of changes in taxation
06.01.2014

Cyprus loses the status of tax havens because of changes in taxation

Cyprus since the beginning of the year 2014 lose the status of "tax havens" due to a number of changes in the taxation of the income of residents of Cyprus, the source of which is located in Ukraine.

Cyprus economy stayed afloat
05.01.2014

Cyprus economy stayed afloat

Economic crisis in the euro zone expanded its geography. 2013 spring, it was clear that after Greece serious financial problems arose in Cyprus.

Ten important economic measures
01.01.2014

Ten important economic measures

Ten measures to replenish the state budget in the amount of 270 million. Euros shall perform in 2014 by the Cypriot government.

In December, recorded an improvement of the economic climate
31.12.2014

In December, recorded an improvement of the economic climate

In December 2013 year recorded improvement in the economic climate.

The IMF has forecast
29.12.2013

The IMF has forecast

Actions Cyprus solution of the debt problem could affect the development of the industry over the next decade.

VAT increase from January 13 2014 years
28.12.2013

VAT increase from January 13 2014 years

VAT office announced that the VAT increase to 19% with 18% from January 13 2014 year.

Bank became the owner of a Cypriot company 24.ru
26.12.2013

Bank became the owner of a Cypriot company 24.ru

Almost 99% of shares of "points" were sold Privera Holdings Ltd.

Restrictions on banking operations will be lifted in March 2014 years
24.12.2013

Restrictions on banking operations will be lifted in March 2014 years

Yesterday, 23 November, the President of Cyprus Nikos Anastasiadis made a statement that in March 2014 year with all banking transactions will be lifted all restrictions.

Cyprus - not a "tax haven"
24.12.2013

Cyprus - not a "tax haven"

Russia will not return to Cyprus from the "black list" of offshore companies, compiled by the Ministry of Finance.

Cypriot investors turned to the European Court because
22.12.2013

Cypriot investors turned to the European Court because of the "haircut" deposits

More 50 depositors and shareholders of Cypriot banks appealed to the European Court in Luxembourg with a lawsuit against the European Union.

Cyprus Parliament approved the budget for the year 2014
20.12.2013

Cyprus Parliament approved the budget for the year 2014

Parliament of the Republic of Cyprus approved by a majority vote on Thursday evening 2014 budget year.

Credits for 16 million euros from the Bank of Cyprus
19.12.2013

Credits for 16 million euros from the Bank of Cyprus

As part of the new lending program JEREMIE Bank of Cyprus (BoC) intends to issue up to 16 million small and medium-sized businesses.

Anti-crisis aid
19.12.2013

Anti-crisis aid

New measures aimed at addressing the problems faced by small and medium-sized businesses, the unemployed and socially vulnerable groups, were announced by President Nikos Anastasiadis.

European stabilization fund approved enumeration Cyprus tranche 100 million €
19.12.2013

European stabilization fund approved enumeration Cyprus tranche 100 million €

The Board of Directors of the European Stability Mechanism (ESM) approved the transfer of the third tranche of aid in 100 million euros Cyprus. This is stated in a statement released eurozone stabilization fund.

Ambassador: Cyprus economy rescued Russian tourists
17.12.2013

Ambassador: Cyprus economy rescued Russian tourists

Ambassador of Cyprus in Moscow Georgios Kasoulides thanked the Russian tourists, who, according to him, literally saved the economy of the island nation.

Cyprus will not sell gold
16.12.2013

Cyprus will not sell gold

Cyprus has no plans to sell their gold reserves to refinance existing debt in the amount of 10 billion euros.

Cyprus Mail urges Cyprus to bring order for Russian business
16.12.2013

Cyprus Mail urges Cyprus to bring order for Russian business

Vladimir Putin in his annual address to the Federal Assembly, said that against Russian companies that are registered abroad and do not pay taxes to the Russian treasury will take tough measures. This is not a joke bothered partners Russia, Cyprus, the newspaper Cyprus Mail.

Fear of another "haircut" deposits
15.12.2013

Fear of another "haircut" deposits

According to the head of the Union of Banks, Marios Clerides, about 800 million euros Cypriots keep at home or in bank vaults as still do not trust local banks and fear another "haircut" deposits.

Sechin: Cyprus, Russia and not lost on the withdrawal of assets
13.12.2013

Sechin: Cyprus, Russia and not lost on the withdrawal of assets

Cyprus, and not lost on the withdrawal of Russian assets. This opinion was expressed by correspondents. Itar-Tass, "Rosneft" Igor Sechin.

Ernst & Young: The Cyprus economy come out of recession until 2017 year
13.12.2013

Ernst & Young: The Cyprus economy come out of recession until 2017 year

Cypriot economy overcome recession has not previously 2017 year. With such a forecast made auditing company Ernst & Young, rejecting the more optimistic assessment of the "troika" of international lenders.

Cyprus send 340 million euros to fight record unemployment
12.12.2013

Cyprus send 340 million euros to fight record unemployment

Cyprus President Nikos Anastasiadis announced a package of measures, which would help the country to cope with record unemployment. The following year figure may exceed the level of 19%, reports Associated Press.

Outflow of capital from banks in Cyprus stopped, the situation stabilizes
12.12.2013

Outflow of capital from banks in Cyprus stopped, the situation stabilizes

Capital outflows from the banking system in Cyprus stopped, said Finance Minister Haris Georgiadis.

Foreign experts will investigate the banking crisis
12.12.2013

Foreign experts will investigate the banking crisis

Criminal investigation into the causes and circumstances of the banking crisis in Cyprus, which brought the country to the brink of default, is in full swing, but now it is impossible to say when it will be completed.

Ministry of Finance: the Russians can not hope for a speedy return of their deposits
12.12.2013

Ministry of Finance: the Russians can not hope for a speedy return of their deposits

Compensation funds for Russian citizens affected by the crisis in the economy of Cyprus and lost their deposits in the banks of the republic can not be created in the near future, said Finance Minister Haris Georgiadis.

Cyprus is doing everything possible to avoid blacklist offshore RF
11.12.2013

Cyprus is doing everything possible to avoid blacklist offshore RF

The Cyprus government is doing everything possible to avoid falling into the "black list" of offshore Russian Ministry of Finance, told reporters Cyprus Finance Minister Haris Georgiadis.

Harris Georgiades in Moscow
11.12.2013

Harris Georgiades in Moscow

Cyprus Finance Minister Harris Georgiades speaking at the summit, "The Cyprus economy is on the road to recovery" in Moscow said that the Government of Cyprus will not raise any taxes.

Central Bank of Cyprus said the danger of using virtual currency Bitcoin
10.12.2013

Central Bank of Cyprus said the danger of using virtual currency Bitcoin

Cypriot authorities with greater caution to the initiative of the University of Nicosia start taking tuition in virtual currency Bitcoin.

Cyprus until the end of the year will receive a tranche of financial aid to 100 million euros
10.12.2013

Cyprus until the end of the year will receive a tranche of financial aid to 100 million euros

Eurogroup approved the allocation of Cyprus third one tranche 100 million euros. The announcement was made after the completion of the discussion in Brussels, the finance ministers of the euro zone Cyprus perform the terms of the credit assistance.

Revenue from tourism rose 16%
10.12.2013

Revenue from tourism rose 16%

Director General of the Cyprus Tourism Organization Marios Hannides reported that in October recorded an increase in tourism revenues for 16,6%, adding that this is a very encouraging development.

Reduced economic growth in the third quarter of the year in Cyprus 2013
08.12.2013

Reduced economic growth in the third quarter of the year in Cyprus 2013

Eurostat published data showing that the second estimate for the third quarter 2013 year showed that growth in Cyprus decreased.

No foreign banks has not withdrawn from Cyprus because of the decision of the
08.12.2013

No foreign banks did not leave Cyprus because of the decision of the "haircut"

None of the foreign banks operating in Cyprus, did not leave the island as a result of the crisis caused by the March decision to "haircut" deposits.

Deflation is fixed in Cyprus already 8 consecutive month
07.12.2013

Deflation is fixed in Cyprus already 8 consecutive month

The inflation rate in November fell to 2013 -2,1% compared with -1,6% in October and year 2013 1,2% in November 2012 year.

Bank of Cyprus has denied the statement of the Central Bank about closing accounts 100
06.12.2013

Bank of Cyprus has denied the statement of the Central Bank about closing accounts 100

Bank of Cyprus Group has denied the statement of the Central Bank of Cyprus Panicos Demetriades that British authorities Banking Supervision closed about 100 accounts at the Bank of Cyprus in the UK on suspicion of involvement in money laundering schemes.

The Cyprus government has approved a roadmap privatization
06.12.2013

The Cyprus government has approved a roadmap privatization

Privatization of state-owned enterprises in Cyprus will start in about two years, when the country's economy is expected to yield from recession. This was announced by government spokesman Christ Stiliandis after a cabinet meeting, which endorsed the road map for privatization.

UK closed about 100 accounts at the Bank of Cyprus
05.12.2013

UK closed about 100 accounts at the Bank of Cyprus

British authorities Banking Supervision closed several dozen accounts at the Bank of Cyprus in the UK. This was announced on Tuesday the head of the Central Bank of the Republic of Cyprus Panicos Demetriades.

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