Daily Archives: October 9, 2019

ENERGY: Italy slams Turkey’s incursion into Cyprus EEZ, offers support

Italy Prime Minister Giuseppe Conte has condemned Turkey’s violation of Cyprus’ sovereign rights and international law, voicing Rome’s full solidarity inside the EU.

This was conveyed in a telephone conversation Conte had Wednesday with Cypriot President Nicos Anastasiades.

Government spokesman …

EU budget 2021-2027: Time to decide

Ahead of the European Council meeting on 17 and 18 October, the European Commission calls on EU Heads of State or Government to provide political guidance and new impetus to the negotiations in order to reach an agreement on a

CYPRUS: Saloon car sales rise 4.5% in September amid gloomy outlook

Cyprus sales of saloon cars in September increased 4.5% from the year before but for the first nine months of 2019 registration are down 8.1%.

September is only the third time this year that sales have been positive reaching 3,311 …

Trade deficit drops in July

Cyprus’ trade deficit dropped slightly in July to Euros 486.4 mn from Euros 499.6 mn in the same month last year.

The Statistical Service announced on Wednesday that in July 2019 total imports fell to Euros 733,9 mn compared with …

Total registrations of motor vehicles down by 6.1% in the first nine months

Total registrations of motor vehicles decreased by 6.1% to 35.499 in January-September 2019, from 37.817 vehicles in the same period of 2018, the Statistical Service said on Wednesday.

Passenger saloon cars decreased to 28.761, from 31.292 in January-September 2018, a …

Cyprus and Egypt sign updated Treaty for the avoidance of double taxation

Cyprus and Egypt signed on Tuesday an updated Agreement for the Elimination of Double Taxation with Respect to Taxes on Income and the Prevention of Fiscal Evasion and Avoidance, incorporating the OECD model convetion.

The agreement was signed in Cairo, …