Cyprus Business Now: taxes, FDI, retail, Demetra, Ermes, Keve, inflation

Cyprus is moving ahead with plans to establish a national mechanism for screening foreign direct investment (FDI), with the revised bill gaining broad support in a meeting by the House finance committee.

The legislation aligns Cyprus with European practices by tightening controls on investments of strategic importance, while aiming to keep the country attractive to reliable investors.

A Finance Ministry representative said key changes include defining what constitutes a strategic