Nikos Christodoulides

A study on the level of chargeable income tax is in progress, as part of the tax reform in Cyprus, President Nikos Christodoulides said on Thursday.

Aid shipments to Gaza are expected to resume soon from Cyprus, officials said on Wednesday, after the project was brought to a halt last week following Israel's killing of seven aid workers.

The Lebanese caretaker prime minister and the Cypriot president are calling on the European Union to provide financial support to help cash-strapped Lebanon stop migrants from reaching European shores.

Career banker Christodoulos Patsalides was appointed governor of the Central Bank of Cyprus on Monday for a five-year term, the island's presidency said.

Patsalides, who will represent Cyprus on the rate-setting Governing Council of the ECB, takes up his duties on April 11, replacing Constantinos Herodotou.

Migration is top of the agenda this week in Cyprus, with President Nikos Christodoulides calling for the EU to step in to help Cyprus deal with a surge in arrivals on its shores. Cyprus is pressing Brussels to designate parts of Syria as safe for returns of migrants, and also to condition EU aid to Lebanon on its preventing migrants from departing.

Cypriot President Nikos Christodoulides will discuss with the head of the European Commission on Sunday an unprecedented surge in arrivals of mainly Syrian refugees this week on the island and he will then visit Lebanon on Monday, officials said.

Cyprus's president has urged an immediate investigation into the killing of seven aid workers in an Israeli airstrike in Gaza, saying the US-based charity they were members of was a "crucial partner" in efforts to get aid to the enclave by sea.

Nicosia has unveiled a set of targeted and broad-ranging measures aimed at alleviating the financial strain on citizens, in response to concerns over price hikes.

The second ship transporting humanitarian aid to Gaza as part of the Amalthea project is likely to depart from Larnaca, Cyprus on Saturday, according to the Cyprus News Agency (CNA).

The United States and Cyprus said Tuesday they're formalizing their collaboration in fighting money laundering, sanctions evasion and other financial crimes with an agreement offering Cypriot law enforcement authorities US expertise.