15 January 2015

A New Artificial Divers reef for Cyprus

An artificial reef to be constructed by Larnaca Tourism Development and Promotion Company in the town`s coastal areas will take the form of a famous historic battle.



According to sources, the plans, which are being prepared in cooperation with an expert, will be submitted soon to the agriculture ministry to request funding from the European Maritime and Fisheries Fund (EMFF).
So far three areas are being eyed for the project: Pyla – Oroklini area, the Kastella area and the area in front of Larnaca airport.
The main criteria for selecting the site will be based on various parameters such as accessibility, water purity and cost, which is estimated to be high since the creation of an artificial reef does not involve only the sinking of an old wreck.
The project should aim to upgrade diving tourism, the company said.
Larnaca already has one of the most famous diving wrecks in the world, the Zenobia, which attracts divers from all over the globe.
Cyprus has many diving sites , see link ; Diving in Cyprus

Simila Cyprus : Cyprus banks implement international tax agreement...

Simila Cyprus : Cyprus banks implement international tax agreement...: Cyprus banks implement international tax agreement Cypriot banks are taking steps to comply with the Foreign Account Tax Compliance ...

Cyprus banks implement international tax agreement



Cypriot banks are taking steps to comply with the Foreign Account Tax Compliance Act (FATCA), signed by Cyprus and the US in December, the Bank Association said on Wednesday.
FATCA aims to combat tax evasion by US tax residents using foreign accounts.
The agreement improves international tax compliance, and has been ratified by parliament. (CNA)

13 January 2015

Simila Cyprus : Ryanair plans to continue with its plans to expand...

Simila Cyprus : Ryanair plans to continue with its plans to expand...: Ryanair  plans to continue with its plans to expand in  Cyprus  even though the national airline for which it was bidding has been grounde...

Ryanair plans to continue with its plans to expand in Cyprus even though the national airline for which it was bidding has been grounded. The Irish airline was shortlisted as a possible bidder for Cyprus Airways in November, but the flag carrier has been closed down because it could not comply with an European Commission demand that it repay €65 million in illegal state aid to its government.

According to Ryanair’s chief marketing officer, Kenny Jacobs, the Irish company plans to press ahead with plans to apply to the Cypriot government for an airline operator’s certificate (AOC), which would open up new markets in the region such as Israel, Turkey and possibly parts of the Middle East.

6 January 2015

Today is Epiphany/Theophany Day, which is a very important Christian feast day in Cyprus. At the ceremony, a cross is thrown into the sea and local men race to be the first retrieve it for good luck.




4 January 2015