Bank holidays, the official non-working public holidays in Cyprus, as announced by the government of Cyprus for the current year.
Currently the reference rates are usually updated by 15:00 CET on every working day, except on TARGET closing days. They are based on a regular daily concertation procedure between central banks across Europe and worldwide, which normally takes place at 14:15 CET.
* From As of 1 July 2016 the reference rates will be updated at around 16:00 CET.
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Central Bank of Cyprus is the central bank of the Republic of Cyprus, located in Nicosia. It was established in 1963. Its current governor is Chrystalla Georghadji. The bank issued Cypriot pound banknotes and coins prior to 2008, when Cyprus adopted the euro.
The Cyprus Securities and Exchange Commission (CySEC) is the independent public supervisory Authority responsible for the supervision of the investment services market and transactions in transferable securities carried out in the Republic of Cyprus.
CySEC was established in accordance with section 5 of the Securities and Exchange Commission (Establishment and Responsibilities) Law of 2001 as a public legal entity. The operation of CySec is governed by the Laws regulating the Structure, Responsibilities, Powers, Organization of the Cyprus Securities and Exchange Commission and Other Related Matters (N73(I)/1009).
The Cyprus Chamber of Commerce and Industry is a private corporate body functioning under special law and is financially independent, free of any influence by the state. The Chamber is funded by its members’ subscription fees and through income generated from a number of services it provides.
The Ministry of Labour, Welfare and Social Insurance acts as a stable, effective and trusted aid of the citizen, providing utmost respect and targeted support to the economically and socially vulnerable groups, in order to find a satisfactory solution to problems faced.
The Ministry of Finance aims at contributing to the creation of a robust, effective and accommodating State and through conditions of economic growth to promote social justice by improving the standards of living for all citizens.Tax Department
The Ministry of Foreign Affairs in the Republic of Cyprus is responsible for relations with other states and for the implementation of foreign policy.
Cyprus has developed a wide network of Double Tax agreements with more tnan 60 countries; ensuring that the same income is not taxed in more than one country.
Moreover, Cyprus is in the stage of negotiating the conclusion or awaiting ratification of Double Taxation Agreements with several other countries.