Singapore – A Singapore University of Technology and Design study predicted that the Covid-19 virus will be eradicated in Cyprus in the second half of May. In a study published on 28 April, the University predicted the lifecycle of the Coronavirus pandemic in many countries, including Cyprus. According to the findings, the pandemic peaked in Cyprus on...Read More
Nicosia – The Cyprus government declared yesterday a state of emergency due to the coronavirus (Covid-19) pandemic and essentially locked down the country. In a press conference following day-long meetings at the Presidential Palace, Cyprus President, Nicos Anastasiades, stressed the times are critical and that the island is experiencing a state of emergency. “What is needed, and...Read More
Havana – Cyprus secured a respectable second place in the finals of the 3rd Habanos World Challenge cigar competition that took place in Havana, Cuba, late last month. The Cyprus national team, made up of the Head of Accounting of Chelco Management Services Ltd, Rodia Constantinou and smoking partner, Babis Kaidalidis, came in as runner...Read More
Nicosia – The number of unemployed persons in the 4th quarter of 2019 amounted to 6,3% of the labour force or 28.481 persons, according to data released by the Cyprus Statistical Service late last month. This compares favourably to an unemployment rate of 7,6%, or 33.383 in the corresponding quarter of 2018. For the whole...Read More
Brussels – British overseas territory the Cayman Islands has been placed on an EU tax-haven blacklist, along with Palau, Panama, and the Seychelles. The latest decision made by the EU Finance Ministers on Tuesday, 18 February 2020, follows the UK’s departure last month from the European Union. The Ministers said it was listed because investment...Read More
New York – Cyprus ranked in as the 36th most expensive nation to live in, according to a recent survey by New York-based CEOWORLD Magazine. Switzerland has emerged as the most expensive nation to live in, followed by Norway and Iceland according to the CEOWORLD 2020 report, which was based on a range of living...Read More
Nicosia – Total deposits in Cyprus reached €48.6 billion in November 2019, while outstanding loans €34.2 billion, the Central Bank of Cyprus announced last week. Specifically, according to the official data, total deposits in November 2019 recorded a net drop of €84.1 million, compared to a net decrease of €158.3 million in October 2019. In...Read More
Nicosia – Total Assets Under Management (AUM) for the third quarter of 2019 in Cyprus reached €7.7 bln, recording a 12% increase compared to the second quarter of 2019, according to a quarterly bulletin recently issued by the Cyprus Securities and Exchange Commission (CySEC). The bulletin provides the key findings regarding the Collective Investment Schemes...Read More
The Founding Members of the Cyprus VAT Association (CYVA). Nicosia – The Cyprus VAT Association (CYVA) was recently established with the aim of providing a unified and independent voice to all professionals and businesses in Cyprus on Value Added Tax (VAT) matters. According to the Association’s Articles of Association, its main objectives are to promote...Read More
Limassol – Renowned Maltese VAT expert, Matthew Zampa, joins forces with the Chelco International VAT Academy in Cyprus to deliver a unique seminar on the Value Added Tax (VAT) treatment of cryptocurrencies. Titled “Digital Assets: Decrypting VAT,” the first-of-its-kind seminar will be held in Limassol in the morning of Thursday, 14 November 2019 and is...Read More
