Cyprus

A convoy of three humanitarian aid ships operated by the NGO Open Arms and bound for the Gaza Strip has departed Cyprus, as permitted by the maritime corridor announced in early March by the European Commission

Green tax will be discussed today; it aims at being fiscally neutral, as in the tax reform being implemented there would be compensatory measures studied by the Centre for Economic Research of the University of Cyprus

Out of some 230.000 registered companies, only 140.000 have updated their records regarding Ultimate Beneficial Owners; the directive issued by the Registrar of Companies sets 31 March as cutoff date and aims at reducing the existence of shell companies

The Cyprus Shipping Chamber condemned the Houthi missile attack on the ship True Confidence, with three crew members dead and at least four others injured; the commercial vessel is managed by a Company registered to a Cyprus address in Limassol

The recent controversy surrounding the removal of a book depicting families with same-sex parents from a nursery school in Cyprus has sparked a debate on the inclusion of LGBTQIA+ rights in the country’s education system

The interior ministry is in the process of examining and evaluating the entire lifeguard system to ensure it is managed more efficiently; the announcement came just a day before the lifeguard’s plan to go on strike

Cyprus property sales fell by 3% in January 2024 compared to the same month last year according to official Land Registry sales statistics

Junior Achievement Cyprus is launching its 5th JA StartUp, fostering business ideas and innovation among university students and providing the practical experience to develop and run their own business; JA StartUp engaged over 20.000 students in Europe

Eighteen public works projects valued at €112 million will get underway across the island this year, according to data from the Department of Public Works

Tourism revenues grew by 25% in 2023 compared to the previous year, potentially marking a new record, according to Deputy Minister of Tourism Kostas Koumis

National flag carrier Cyprus Airways announced the launch of direct flights between Larnaca and Brussels International Airport, in what it describes as a significant move to boost air connectivity between Cyprus and mainland Europe

The government and US Oil&Gas Company Chevron have agreed on the terms for developing the Aphrodite gas field in block 12 of Cyprus’ exclusive economic zone; the government had initially rejected proposed amendments submitted by the company

The government is taking “steady steps” to modernise and strengthen the National Guard, Defence Minister has declared, stressing Cyprus’ defence forces are passing through a “particularly difficult period”