Nicosia

35.1667
33.35
Nicosia District

Nicosia to expand list with 0% VAT

Almost two weeks after the zeroing of the tax rate on seven products (bread, eggs, milk, baby diapers, baby food, feminine hygiene products, and adult diapers) in Cyprus, the island's ministries of Finance and of Commerce are in discussions regarding the next list of products that will have a low or reduced tax rate.

Chevron goes ahead with Cyprus drilling

Chevron has reportedly started drilling a key appraisal well offshore Cyprus, a development mired in geopolitical controversy over the ethnically split island as well as neighbor relations.

According to Upstream, Chevron has started drilling a key appraisal well on its 4.5-trillion-cubic foot Aphrodite gas discovery, aimed at boosting certainty over a planned $3.6 billion project.

Cup Final is news to Cyprus

Casting doubt on an announcement last week by the Greek soccer federation (EPO) that the Greek Cup Final will take place at the GSP Stadium in Nicosia on May 20, the spokesman for the Cyprus Police said it has not received any formal notification of such an arrangement.

Cyprus raises 1 bln euros from its first sustainable bond

Cyprus launched its first sustainable bond on Tuesday as governments took advantage of high demand for such assets following weeks of wild swings in bond markets.

Nicosia raised 1 billion euros from its first sustainable bond, the country's debt office said, becoming the latest European government to enter the market.

Greece to support Cyprus’ re-election bid for IMO Council

Greece will support Cyprus's candidacy for re-election to the Council of the International Maritime Organization (IMO) for the 2024-2025 term, diplomatic sources said on Saturday. 

Foreign Minister Nikos Dendias informed Cypriot Foreign Minister Constantinos Kombos about this decision of the Greek government during their bilateral meeting in Nicosia on Friday.

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