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Taxes in Cyprus are levied by both the central and local governments. Tax revenue stood at 39.2% of GDP in 2012. [1] The most important revenue sources are the income tax , social security , value-added tax and corporate tax , and are all collected by the central government.
In 1912, it became a public company and changed its name to Bank of Cyprus (BoC). In 1930, BoC incorporated as a limited company and in 1943 if merged with Famagusta Bank and Larnaca Bank (est. 1926). In 1944, BoC acquired the Melissa Bank, Paphos (est. 1924), and the Mortgage Bank of Cyprus was established. In 1945, BoC merged with the Cyprus ...
The Cyprus Securities and Exchange Commission, ( Greek: Επιτροπή Κεφαλαιαγοράς) better known as CySEC, is the financial regulatory agency of Cyprus. As an EU member state, CySEC's financial regulations and operations comply with the European MiFID financial harmonization law. A significant number of overseas retail forex ...
Geert Vanden Wijngaert, APDutch Finance Minister and leader of the eurogroup Jeroen Dijsselbloem says a deal to bail out Cyprus banks with a tax on depositors isn't yet dead, despite a unanimous ...
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In July 2017, Hellenic Bank sold 51% of its Arrears Management Division (2.3bn Euro in Non Performing Exposures and 150mn Euro in property), including its Debt Recovery Unit and Property Management Unit to Czech specialised firm APS Holdings a.s and created a new company in which it is a minority 49% shareholder: APS Debt Servicing Cyprus Ltd ...
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Cyprus [f] ( / ˈsaɪprəs / ⓘ ), officially the Republic of Cyprus, [g] is an island country in the eastern Mediterranean Sea, north of the Sinai Peninsula, south of the Anatolian Peninsula, and west of the Levant. It is geographically a part of West Asia, but its cultural ties and geopolitics are overwhelmingly Southeast European.
Cyprus. Cyprus became a full member of the European Union in 2004. Despite being a divided country, the entire island is EU territory. Turkish Cypriots are eligible for EU citizenship, however EU law is suspended in certain areas. [1] [2] Cyprus has two official languages: Greek and Turkish, but only Greek is an official EU language.
Members and three observers representing Armenian, Latin, and Maronite Cypriots are elected by proportional representation every five years. 30% of seats are allocated to Turkish Cypriots, but these have been vacant since 1964. The House of Representatives of Cyprus is the only legislature in Europe within a fully presidential system .