Cyprus

Banks of Greece, Cyprus to sign coop memorandum

Greek central banker Yannis Stournaras is to sign a memorandum of cooperation between the Bank of Greece and the Central Bank of Cyprus on Friday.

To this end, Stournaras will visit Cyprus at the invitation of the governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou, accompanied by the deputy governor of the Bank of Greece, Christina Papakonstantinou.

Nicosia gets €90 mln from casino taxes

Cyprus has seen a boost in tax revenue since the summer of 2018 when the temporary casino debuted in Limassol. The trend continues with the current operation of the resort and satellite locations in the provinces. Discussions are under way regarding legislative changes to facilitate the addition of more gaming tables in these satellite establishments.

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