New Cypriot ambassador to Slovak Republic presents his credentials

The government's full press release on the new ambassador to Slovakia follows below in full: The new Ambassador of the Republic of Cyprus to the Slovak Republic Mr Nicos P. Nicolaou, presented on the 21st...

UAE hosts first trilateral meeting with Cyprus and Greece

The United Arab Emirates today hosted the first trilateral meeting with Cyprus and Greece in the presence of H.H. Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and his...

Multinational Exercise “NEMESIS – 2019”

The large scale Multinational Exercise, “NEMESIS”, will be conducted for the sixth consecutive year, on Wednesday the 13th of November 2019. The exercise will take place within the Exclusive Economic Zone of the Republic...

Cypriot government statement on investment program after Jho Low impropriety

The Council of Ministers reaffirmed today the Government’s willingness to strictly adhere to the criteria, terms and conditions that govern the Cyprus Investment Program, as well as the overall carrying out of enhanced due...

The Actual Cost of the General Health System

In the rush of preparations leading up to the implementation of the General Health System (GHS), reasonable questions emerge with regards to the socioeconomic impact of this whole effort. The public’s concerns intensified following...

Increase of Contributions to Social Insurance Fund

Since the beginning of the year, the contribution rate to the Social Insurance Fund was increased by 0.5% for employees, employers, self-employed persons and voluntary insured persons, on the basis of the Social Insurance...

Confusion among businesses about Benefits in Kind

The provision of Benefits in Kind is a practice currently followed by a significant number of businesses across Cyprus, with the aim of both creating an attractive package that appeals to trained and specialised...

Increase in Social Insurance Contributions and Implementation of the National Health Insurance System

The Social Insurance plan and the imminent implementation of the National Health Insurance System (NHIS) are among the most crucial chapters of the state’s Social Policy. As of 1 January 2019, there will be...

Ambiguities and concerns in the implementation of the Explanatory Circular for Benefits in Kind

In line with an international trend that has been gaining ground over recent years, many Cypriot companies are now offering a wide range of Benefits in Kind (use of company and private vehicles, employee stock...
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