Cyprus and Bahrain have signed a number of agreements during President Nicos Anastasiades’ visit to Bahrain.

Read more: Cyprus and Bahrain sign a series of Bilateral Agreements →

On February 25 th 2015, the President of the Republic of Cyprus, Mr. Nicos Anastasiades, and the President of the Russian Federation, Mr. Vladimir Putin, met and signed a Joint Action Program for the years 2015-2017.

This document relates to several different areas of cooperation between the two countries, mutually beneficial for both countries. A number of other agreements were signed including the Memorandum of Understanding for cooperation in the fields of research and technology between the Ministry of Finance of Cyprus and the Ministry of Education and Sciences of Russia, The Protocol of the 8th Cyprus-Russia Intergovernmental Committee for Economic Cooperation between the Ministries of Defense and an agreement on military cooperation signed by the Ministers of Foreign Affairs of the two countries.

Furthermore, the two countries signed agreements for cooperation in the fight against the illegal movement of narcotic drugs, combating terrorism and a Program of Cooperation in the field of Sciences, Education and Culture for the period 2015-2018. Lastly, Memoranda of Understanding were also signed between the Cyprus Investment Promotion Agency and the corresponding Russian organisation and a Memorandum of Understanding between the Central Bank of Russia and the Cyprus Securities and Exchange Commission.

This is a welcomed development which is expected to further strengthen the close political and financial ties between the two countries.

The Minister of Energy of Cyprus Mr. Lakkotrypis and the Minister of Petroleum and Mineral Resources of Egypt Mr. Ismail signed on the 16th of February a Memorandum of Understanding for the exploitation of oil and gas.

Read more: Cyprus and Egypt sign Memorandum of Understanding for Oil and Gas →

Cyprus and Russia have agreed to sign a new protocol on economic co-operation.

Read more: Cyprus and Russia to sign new co-operation protocol →

The office of the Financial Ombudsman began today to process complaints from borrowers against financial institutions. Complaints can be submitted against financial institutions such as banks, investment firms and insurance companies.

Read more: Financial Ombudsman in Cyprus →

Within 2014, the sale of properties in Cyprus has increased for the first time since 2010. Moreover, a rise in the number of sales has also been observed within January 2015 and sales are expected to continue to increase.

Read more: Increase in the Sale of Properties in Cyprus →

Cyprus Investment Promotion Agency (CIPA) has announced that direct investments in Cyprus since March 2013 have exceeded €3 Billion.

Read more: Foreign Investments in Cyprus since March 2013 exceeds 3 Billion Euros →

Lawyersincyprus.com, a leading Cypriot legal directory, recently included an interview of our firm's managing partner Alex Danos.

Read more: Alex Danos interview on the Cyprus program for Citizenship by Investment →

Cyprus has double tax treaties with more than 50 countries. During 2014 Cyprus has signed double tax treaties with Switzerland and Guernsey.

Read more: Double Tax Treaty between Cyprus and Iceland →

The European Commission report of November 2014 says that the recession in Cyprus in 2014 has been milder than expected.

Read more: European Commission Report on Cyprus Economy →

The USA Ambassador to Cyprus John M. Koenig and the Minister of Finance Harris Georgiades signed on the 2nd of December an Agreement on the improvement of the International Tax Compliance for the implementation of the Foreign Account Tax Compliance Act (FATCA).

Read more: Cyprus and the USA sign FATCA Agreement →

We saw last month both Standard & Poor and Fitch Ratings upgrading Cyprus credit rating.

Read more: Moody's upgrades Cyprus government bonds →

More positive news for the economy of the country following the news that leading rating agencies Fitch and Standard & Poor raised Cyprus's credit rating.

Read more: Cyprus Banks passed stress test →

Two leading ratings agencies, Standard & Poor and Fitch Ratings, have both raised Cyprus's ratings.

Read more: Cyprus credit rating raised →

The Chinese Embassy in Cyprus organised a gala on the 24th of September to celebrate the National Day of the People's Republic of China.

Read more: Gala at the Chinese Embassy →

After months of debates the Cyprus parliament passed on the 6th of September the controversial foreclosures law.

Read more: Parliament passes foreclosures law →

Positive news from the Companies Registrar in regards to the registration of new companies.

Read more: Increase of number of new Companies Incorporated →

Fitch Ratings has upgraded Hellenic Bank's long-term Issuer Default Ratings (IDR) to 'CCC' from 'RD' and Bank of Cyprus's long-term IDR to 'CC' from 'RD'. Both banks also had their short-term IDR upgraded to 'C' from 'RD'.

Read more: Bank of Cyprus and Hellenic Bank upgraded by Fitch →

Cyprus is officially back to the markets after more than three years of exclusion and only around a year after the country's bailout.

Read more: Cyprus returns to the markets →

Despite the difficult financial crisis Cyprus is going through, all signs suggest that Cyprus is still a major International Business Centre and remains a very attractive place to do business.

Read more: Cyprus still a major International Business Centre →

Bank of Cyprus reported on Friday the 30th of May 2014 its first profits in seven quarters.

Read more: Bank of Cyprus reports first-quarter profits →

A new double tax agreement between Cyprus and Spain was signed on 14 February 2013 and has entered into force on 28 May 2014.

Read more: New Double Tax Agreement Between Cyprus and Spain →

Danos & Associates have participated in the Official Gala of the first Nicosia Space Week.

Read more: Official Gala of the first Nicosia Space Week →

The Council of Ministers approved on 19.03.2014 new criteria for non-EU investors who wish to obtain Cypriot Citizenship through Naturalisation by Exception. These new relaxed conditions aim to attract more foreign investors to Cyprus.

Read more: New Criteria for Cyprus Citizenship through Investment →

Medical negligence cases are not as common in Cyprus as in other jurisdictions such as the UK and the USA. Cypriot Courts are often not willing to award claimants high amounts of compensation. Danos & Associates has settled last month a large claim of medical negligence for over 150.000 Euros as compensation for the claimant who has suffered serious physical injuries such as loss of vision and kidney failure due to a wrong diagnosis.

Read more: Danos & Associates settles large medical negligence claim →

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