30 July 2017

The Cypriot authorities started the summer of 2017 by signing two new double taxation treaties: with Luxembourg and Barbados. Both treaties are based on the principles of the OECD frame convention.

30 June 2017

The leaders of Russia and Germany met last month in Sochi to discuss the situation in Syria, compliance with the Minsk agreement and the preparations for the G20 summit. Germany remains Russia’s major economic partner, with the trade turnover in 2017 up by more than 40%, as the Russian President Putin observed after his meeting with the German Chancellor Angela Merkel.

30 May 2017

At the spring press conference in Beijing, the official Chinese representative, Wang Guoqing, observed that given the current weak recovery of the global economy, the growth of the Chinese economy in 2016 was 6.7%.

27 April 2017

The European Commission plans to bill Westminster with 50 billion pounds Sterling (some USD 62 billion), and the UK will be able to leave the EU once the account is settled, the EC President Jean-Claude Juncker affirms.

24 March 2017

The threshold for real estate investment in Cyprus with rights to obtain the county’s citizenship was recently reduced to EUR 2 million. This might significantly increase the demand for properties on the island.

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