Top bankers warn of risk of 2017 exodus from Britain
Top bankers warned they could start moving staff abroad as early as next year if there is no clarity on whether Britain will retain access to the European single market when it leaves the EU.
CYPRUS: 2017 state budget approved by Cabinet
The government has drafted a state budget for 2017 that sees a 1.1% increase in revenues, and a 2.3% increase in spending, resulting in a fiscal balance of 0.6% of GDP, bigger than the 0.3% targeted for this year.
Tax treaty signed with Jersey
On 11 July 2016, Cyprus signed a tax treaty with Jersey, a Crown dependency of the United Kingdom, which was published in the Official Cyprus Government Gazette on 5 August 2016.
