25 September 2015 The rating agency S&P’s announced on Friday 25, September 2015 that following the removal of capital controls and taking into account the strong budgetary performance of the Republic, it is upgrading the long term rating of Cyprus from B+ to BB- . The rating is assigned a positive outlook implying that within […]
Continue Reading04 August 2015, The Cypriot Finance Minister Harris Georgiades and the Iranian deputy finance minister Ali Asgari signed a double taxation avoidance treaty between Cyprus and Iran on Tuesday 04 August 2015. The agreement is expected to strengthen the investment links between two countries both of which are located at strategic geographic places. Once further details […]
Continue Reading03 August 2015, On Monday 03 August 2015, the Finance Ministry has sucessfully issued €100 mio of 13 week Treasury Bills. According to an anouncement made by the Public Debt Management Office, a total amount of €143,7 mio tenders were submitted with an average yield of 2.13%. Out of these tenders a total amount of €100 mio nominal […]
Continue Reading01 July 2015, President Nicos Anastasiades announced his Government’s tax reform plans during the 54th annual meeting of the Institute of Certified Public Accountants. The tax reform plans which will benefit both individuals and corporate groups aim to attract more investors in Cyprus by further modernizing the taxation framework of Cyprus and increasing the country’s […]
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