Doing Business in Cyprus 2023
July 2023A recent information and networking event for the Startups4Peace programme was held at the CYENS Excellence Centre, offering Greek Cypriot and Turkish Cypriot individuals the chance to develop their business ideas and gain essential resources to establish their ventures.
Cyprus U.S. FATCA Agreement
January 2015Cyprus and the U.S. signed on December 2, 2014 a IGA, inter government agreement.
The signed IGA, applying the FATCA is aimed to force foreign finance institutes to report money owned by American citizens to the U.S. authorities.
Cyprus Credit Rating Upgrade
November 2013The credit rating agency S&P upgraded on November 29, 2013 Cyprus' sovereign debt rating by one step to B-.
The agency added that its outlook for Cyprus' economy is stable.
Cyprus 1.3% Inflation Rate
April 2013According to a release by the Cyprus statistical office dated April 9, 2013 the inflation rate decreased in March 2013 to 1.3% compared to 1.8% in February 2013 and 3.5% in March 2012.
Cyprus Credit Rating Downgrade
March 2013S&P downgraded on March 21, 2013 Cyprus long term foreign currency credit rating from previous CCC+ down to CCC with a negative outlook.
Cyprus Credit Rating Downgrade
June 2012Fitch credit rating agency downgraded on June 25, 2012 Cyprus credit rating to "junk", from previous BBB to BB+.
By lowering the credit rating to "junk" Fitch joins the other credit rating agencies S& P and Moody's.
Cyprus Inflation February 2012
March 2012The statistical service of Cyprus announced on March 6 2012 that the inflation, HICP, in February amounted to 3.1%, remaining the same as on January 2012 and February 2011.
Cyprus Credit Rating Downgrade
August 2011The Fitch credit rating agency downgraded on August 10 Cyprus's long term currency rating by two notches to BBB with a negative outlook.
The downgrade reflects fears the Cyprus would not be able to raise funds in the free markets to refinance the Cypriot debt.
Cyprus's Huge Gas Reserves Potential
February 2011According to the Cypriot newspaper Fileleftheros the French oil and gas institute Beicip revealed potential huge 12 gas fields in the informal boundaries between Cyprus and Greece, south west of Paphos.
Two ships chartered by Noble Energy are researching the seabed for potential gas and oil fields.
The researched seabed is located close to the newly found Israeli gas reserve, the Liviathan.
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