enru

Category

Новости
London — Fitch Ratings has upgraded Cyprus’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to BB+ from BB with a positive outlook. The rating is just one step before the investment scale. Fitch said the upgrade was the result of the country’s strong cyclical economic recovery and prudent fiscal policy but pointed out that weakness in...
Read More
Limassol — Prof. Dr. Ben J. M. Terra, arguably Europe’s top authority on Value Added Tax (VAT), will join local expert Alexis Tsielepis to present the future of VAT in the European Union (EU) at a high-level seminar in Limassol early next month. Tilted ‘EU VAT: What the Future Holds’, the seminar is organised by the...
Read More
Nicosia — Cyprus and the United Kingdom have renegotiated an all-new Double Tax Treaty (DTT). The new treaty was signed by the two states on 22 March 2018 and was published in the Government Gazette on 2 April 2018. The old tax treaty between Cyprus and the UK has been in existence since 1975. The...
Read More
Nicosia — The Cyprus Cooperative Bank (CCB) is up for sale either in whole or in part. The bank is 77% state-owned and is the leader in the amount of deposits held by Cypriots. It is however weighed down by bad loans accounting for more than half of its loan portfolio. CCB provided access this...
Read More
New York — The positive outlook for the Cypriot banking system reflects Moody`s view that the fast-paced economic expansion will continue, supporting borrowers` repayment capacity, asset values and new lending, Moody`s Investors Service said in a report this week. Moody`s expects nonperforming loans (NPLs) at the three core domestic banks, namely the Bank of Cyprus,...
Read More
Nicosia — Cyprus President, Nicos Anastasiades, was re-elected for a second term in office with 56% of the vote, yesterday. Stavros Malas, who contested the election backed by leftist party, AKEL, trailed behind with 44%. In a speech at the proclamation ceremony at the “Tassos Papadopoulos – Eleftheria” stadium in Nicosia, Anastasiades called for unity...
Read More
Nicosia — The number of applications for the registration of new companies in Cyprus increased for the fourth consecutive year in 2017, according to the Department of the Registrar of Companies and Official Receiver. Specifically, applications rose by 0.93% in 2017, reaching 13,743 compared to 13,616 in 2016. In 2015, the number of applications reached...
Read More
Riyadh — Cyprus and Saudi Arabia have signed an agreement for the avoidance of double taxation with respect to taxes on income and for the prevention of tax evasion. The agreement, which was signed on 3 January 2018 during the official visit of the President of Cyprus to Saudi Arabia, is based on the OECD...
Read More
Limassol — Chelco VAT Ltd proudly announces the appointment of its Senior VAT Consultant, Panayiotis Panayi, to the firm’s Board of Directors as of 1 January 2018. Panayiotis is a seasoned professional with over 10 years of experience in VAT advisory and compliance services. An Associate Chartered Accountant (ACA) and a member of the Institute...
Read More
Limassol – Chelco Management Services Ltd has made Christmas donations to The Dancing Queen Foundation, the Miranda Fund and the Cyprus Association for Children with Cancer (One Dream, One Wish) to help children in Cyprus in need. The donations were presented last week by the company’s Chairman, Costas Tsielepis, to the founder of the Miranda...
Read More
1 4 5 6