CYPRUS & GREECE HIGHLIGHTS

Proposal Lowers Company Review Threshold to €400,000

Cyprus’ parliamentary commerce committee is moving closer to approving a reduction in the turnover threshold that determines whether companies can undergo a simple financial statement review rather than a full audit, settling on €400,000. This represents a significant narrowing from the €900,000 level originally proposed by Disy. The matter returned to the committee on Tuesday after the taxation department, the Central Bank of Cyprus (CBC) and the Association of Cyprus Ba

CYPRUS & GREECE HIGHLIGHTS

48 minutes ago2 min read

Proposal Lowers Company Review Threshold to €400,000

Cyprus’ parliamentary commerce committee is moving closer to approving a reduction in the turnover threshold that determines whether companies can undergo a simple financial statement review rather than a full audit, settling on €400,000. This represents a significant narrowing from the €900,000 level originally proposed by Disy. The matter returned to the committee on Tuesday after the taxation department, the Central Bank of Cyprus (CBC) and the Association of Cyprus Ba

Eurobank Highlights Investment Strategy Priorities in Pension Planning

The 16th Pension Forum in Nicosia placed the spotlight on the major challenges confronting Cyprus’ pension system, while also exploring fresh perspectives arising in an environment undergoing rapid transformation, according to the event overview. The forum, titled ‘Making better decisions – New perspectives for the pension’, took place with the support of Eurobank. During the discussions, speakers emphasised that the demand for strategic flexibility and specialised expert

Cyprus Secures Fresh Affirmations of Credit Strength from Moody’s and Fitch

The Republic of Cyprus registered a double vote of confidence in the resilience of its economy this week, as both Moody’s and Fitch upheld the country’s investment-grade standing—while Fitch went a step further by shifting Cyprus’ outlook to “positive.” In a written statement, Finance Minister Makis Keravnos emphasized that these decisions reflect “the international houses' confidence in the government's fiscal performance and prudent economic policy.” In his official announc

S&P Revises Cyprus’ Outlook to Positive as External Position Strengthens

S&P Global Ratings shifted its outlook for the Cypriot economy to “positive” from “stable” late on Friday, pointing to a faster-than-anticipated improvement in the country’s external debt metrics. The agency confirmed the Republic of Cyprus’ credit score at “A-/A-2” for both long-term and short-term obligations, in domestic and foreign currency. According to S&P, the upgraded outlook reflects its expectation that Cyprus’ external position will exceed current forecasts ove

Cyprus Among EU Countries with Lowest Share of Jobs and Output from Foreign-Controlled Firms, Eurostat Reports

Cyprus ranked among the European Union member states where foreign-controlled companies accounted for the smallest share of employment and economic output in 2023, according to data published by Eurostat on Wednesday. Despite the significant overall impact of foreign-controlled enterprises across the EU, their presence in Cyprus remains comparatively limited. Based on figures that include both employees and self-employed individuals, foreign-controlled enterprises in Cyprus r

NBA President Highlights Player Safety and Fight Against Illegal Gambling at SiGMA Central Europe Summit

Strengthening player safety through an effective fight against the illegal gambling market and building public trust were emphasized as key priorities by the President of the National Betting Authority (NBA), Panagiotis Trisokkas, who represented the Authority at the SiGMA Central Europe Summit held in Rome from November 4 to 6. The SiGMA Central Europe Summit, one of the leading international gatherings in the gaming sector, brought together thousands of professionals, regul

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