Cyprus and the EU

Latest business news about Cyprus and the European Union.

Advertisement

Cyprus expects troika bailout talks next week — 17 October 2012, 18:12 CET

Eurozone member Cyprus said Wednesday the troika of international lenders was expected on the island next week to discuss the terms of a bailout to save Greece-exposed banks and the economy.

EU clears aid for Cyprus bank — 13 September 2012, 15:49 CET

The European Commission has cleared, on a temporary basis, a bailout worth 1.8 billion euros for Cyprus Popular Bank, the second largest in the country.

Cyprus still waiting for EUR 5bn Moscow loan — 04 September 2012, 12:52 CET

Finance Minister Vassos Shiarly said on Tuesday that Cyprus is keeping up efforts to secure a five billion euro loan from Russia for its ailing economy but that no decision has yet been taken.

Bank of Cyprus posts EUR 134m H1 post-tax loss — 31 August 2012, 00:11 CET

The Bank of Cyprus, the island's largest lender, said on Thursday it posted post-tax losses of 134 million euros in the first six months because of provisions for bad loans and a Greek debt write-off.

EU ready to evacuate nationals from Syria if necessary — 24 July 2012, 10:40 CET

The European Union is ready to evacuate its nationals from Syria via Cyprus if necessary and is watching the situation closely, EU officials said on Monday.

Nicosia, a capital straddling two cultures — 28 June 2012, 11:13 CET

"A few steps take you from one culture to another," said Vedia Izzet, a Turkish Cypriot, speaking of her daily trips between the Cypriot capital's Turkish-controlled north and Greek Cypriot south.

Cyprus: facts and figures — 27 June 2012, 03:57 CET

Herewith a few facts and figures about the eastern Mediterranean island of Cyprus, which takes over the six-month presidency of the European Union on July 1.

Cyprus central bank supports EU bailout bid — 26 June 2012, 10:27 CET

Cyprus's central bank said Tuesday it backed the government's move to request a bailout from the EU as it would protect its Greek-exposed banking sector from further contagion.

Cyprus eyes alternatives to EU bailout — 13 June 2012, 13:42 CET

Cyprus could opt for a foreign loan instead of an EU bailout to deal with its crisis-hit economy if the terms are favourable, the island's central bank governor said on Wednesday.

Access to finance — 29 May 2012, 00:42 CET

A guide on the financial support available to businesses in Cyprus.

Cyprus: country overview — 30 May 2012, 01:19 CET

The area of the Republic of Cyprus under government control has a market economy dominated by the service sector, which accounts for nearly four-fifths of GDP. Tourism, financial services, and real estate are the most important sectors.

Doing business in Cyprus: Sustainability — 05 April 2012, 00:07 CET

This guide summarizes sustainability standards in Cyprus.

Doing business in Cyprus: Environmental rules — 03 April 2012, 12:43 CET

Since joining the European Union, the foundation of the environmental policies of Cyprus has been reviewed and the state now promotes sustainable development and environmental protection.

Doing business in Cyprus: Staff welfare — 03 April 2012, 12:27 CET

According to Cypriot legislation, banning all forms of discrimination with regard to employment and gender equality in terms of employees' rights and obligations in the workplace is guaranteed through relevant acts, both in employment and in vocational education.

Representation of the European Commission in Cyprus — 28 May 2012, 00:06 CET

This website provides information and contacts of the European Commission representation in Cyprus.

Starting a business in Cyprus — 29 May 2012, 00:37 CET

An overview of the process of starting a new business in Cyprus and the documents required.

Cyprus Investment Climate 2009 — 17 October 2009, 23:09 CET

Cyprus, a full member of the European Union since 1 May, 2004, has a liberal climate for investments. The sectors of niche tourism, energy, shipping, desalination and water management services offer excellent potential for inward investment. At the same time, the Government of Cyprus offers incentives in the field of research and technology.

Cyprus and the euro — 03 February 2008, 23:56 CET

Cyprus joined the European Union in 2004 and adopted the euro on 1 January 2008.

Convergence Reports 2007 - Cyprus — 16 May 2007, 13:28 CET

On 16 May 2007, the European Commission concluded that Cyprus has achieved a high degree of sustainable economic convergence with the other Member States and that it fulfils the necessary conditions to adopt the euro. On the basis of its Convergence Report, the Commission is proposing to the Council that Cyprus adopts the euro on 1 January 2008. The final decision will be taken by EU finance ministers in July, after consultation of the European Parliament, and following a discussion by the Heads of State or Government at their summit in June. In its Convergence Report, the Commission assesses whether Cyprus has achieved a high degree of sustainable convergence, measured against the criteria set out in Article 121(1) regarding the government budgetary position, price stability, exchange rate stability and convergence of long-term interest rates. Compatibility of the legal framework with the Treaty is also examined.

Cyprus country profile — 29 May 2012, 00:49 CET

Cyprus is the largest island in the eastern Mediterranean, and is situated south of Turkey. Cyprus joined the European Union on 1 May 2004.

Cyprus Business Guide — 05 August 2006, 15:08 CET

Whether you are looking for new markets or just wish to keep up-dated, the annual Cyprus Business Guide is your affordable, comprehensive reference tool.

Doing Business in Cyprus (Ernst & Young) — 05 August 2006, 14:12 CET

2006 edition of Ernst & Young's full text publication "provides the busy executive a quick overview of the investment climate, taxation, forms of business organization, business and accounting practices, as well as other aspects pertaining to initiating and developing business in Cyprus". (pdf)

Cyprus Tax Facts 2012 (Deloitte) — 28 May 2012, 00:31 CET

This year’s edition of Cyprus Tax Facts 2012 is completely revised and updated, including the latest legislative amendments enacted by Parliament in December 2011. The pages of this guide provide a depository of tax data, facts and figures relevant to the day to day tax obligations of taxpayers as well as a useful reference in tax planning.