https://knews.kathimerini.com.cy/en/business/eu-implements-new-vat-transparency-rules-targeting-e-commerce-fraud
The EU’s new transparency rules against Value-Added Tax (VAT) fraud have come into effect starting on January 1st, the European Commission has announced....
https://knews.kathimerini.com.cy/en/news/halloumi-exports-drop-by-10-amid-ongoing-dairy-industry-crisis
With a request to lift the decree 332/2023 of October 20th, for an increase in the percentage of goat-sheep milk to 19%, the cheesemakers are going to the Presidential Palace......
https://knews.kathimerini.com.cy/en/news/are-seasonal-sellers-really-hot-or-cold
Stephanos Koursaris, the Secretary-General of the Pancyprian Organization of Craftsmen, Professionals, and Shopkeepers (POVEK), spoke on 'SPOR FM 95.0' and the show 'DIASPORA NEWS' about the movement of markets during the holidays and the discounts.
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https://knews.kathimerini.com.cy/en/business/cyprus-grapples-with-lingering-private-debt-woes
In Cyprus, the European Commission consistently highlights the significant economic challenge of private debt through regular post-program or post-memorandum reports....
https://knews.kathimerini.com.cy/en/news/new-details-emerge-in-menendez-s-qatari-bribery-allegations
In a complex legal saga, U.S. Senator Bob Menendez finds himself ensnared in deeper troubles as fresh allegations unfold....
https://knews.kathimerini.com.cy/en/news/deputy-pm-and-mp-deny-explosive-bribery-claims
In a shocking turn of events, a bribery scandal has erupted in the Turkish Cypriot government, implicating the deputy prime minister and a board member of the development bank....
https://knews.kathimerini.com.cy/en/news/cyprus-makes-the-cut-in-new-tax-friendly-nations-list
In a recent announcement, the Ministry of Finance shed light on the revised list of countries enjoying preferential tax status under the Independent Authority for Public Revenue of the Hellenic Republic (IAEA)....
https://knews.kathimerini.com.cy/en/news/t-c-leader-faces-bribery-scandal-involving-former-turkish-vp
Reports and a leaked audio document are causing a stir in the Turkish Cypriot community, suggesting that Fuat Oktay, former Turkish vice-president handling the Cyprus file for Ankara, received a $50 million bribe from the late...
https://knews.kathimerini.com.cy/en/life/the-best-christmas-window-displays-unveiled
The Limassol Municipality has unveiled the winners of its annual Christmas window decoration competition, spotlighting businesses located within the city's boundaries....
https://knews.kathimerini.com.cy/en/business/as-2023-ends-banks-and-unions-lock-horns-on-pay-structures
The banks and bank employees' unions are at odds over labor issues and the signing of new collective agreements. As we approach the end of 2023, no significant progress has been made in renewing collective agreements during the outgoing year....
https://knews.kathimerini.com.cy/en/news/us-ambassador-discusses-cyprus-and-russian-influence-in-exclusive-interview
In an exclusive interview with Kathimerini, the U.S. Ambassador to Cyprus weighs in on whether the island nation's ties to Russian influence are changing. ...
https://knews.kathimerini.com.cy/en/news/pwc-cyprus-hosts-informative-cesop-event-on-new-vat-reporting-obligation
PwC Cyprus successfully organized a pivotal event entitled ''A New Reporting Obligation on VAT'' at its state-of-the-art experience centre on Monday, 18 December 2023....
https://knews.kathimerini.com.cy/en/business/cyprus-and-china-strengthen-ties-with-new-export-agreements
In a recent meeting between Cyprus's Minister of Agriculture, Rural Development, and Environment, Petros Xenophontos, and China's Ambassador to Cyprus, Liu Yantao, the two nations solidified plans to sign two new Cooperation Protocols....
https://knews.kathimerini.com.cy/en/news/navigating-the-festive-frenzy
The government is grappling with significant challenges in managing and addressing the housing needs of its building stock....
https://knews.kathimerini.com.cy/en/news/americans-return-home-in-surprise-venezuela-swap
In a significant diplomatic development, Americans, previously considered wrongfully detained in Venezuela, have touched down at a U.S. military base in San Antonio, Texas. ...
https://knews.kathimerini.com.cy/en/business/cyprus-linked-to-magnitsky-case-through-luxury-hotel-investment
The international organization OCCRP, specializing in organized crime and corruption, has once again implicated Cyprus in investment cases related to the luxury hotel Cap St Georges in Peyia. The connection ties back to the infamous Magnitsky case, a high-profile tax fraud scandal in Russia....
https://knews.kathimerini.com.cy/en/news/divisions-in-cyprus-amplify-fact-checking-challenges
Cyprus, an ethnically divided island in the Mediterranean, is like any other nation: It’s been hit by a wave of misinformation, and residents are trying to keep up....
https://knews.kathimerini.com.cy/en/business/pwc-cyprus-recognized-for-leading-the-way-in-gender-equality
PwC Cyprus was honored with the renewal of the ''Gender Equality Employer'' Certification at a ceremony held by the Ministry of Labour and Social Insurance on December 15, 2023....
https://knews.kathimerini.com.cy/en/business/stellantis-group-shifts-gears-in-cyprus-hands-dealerships-to-cic-automasters
In a significant development for Stellantis Group's car dealerships in Cyprus, the renowned global car manufacturer is set to transfer operations to CIC Automasters Group. ...
https://knews.kathimerini.com.cy/en/business/businesses-to-cut-greenhouse-gas-targets-by-10
Businesses revise climate targets as reality of long-term sustainability transformation hits. Sustainability progress plateaus as short-term pressures and external forces hit CSO agenda....
https://knews.kathimerini.com.cy/en/business/us-led-naval-coalition-forms-to-protect-red-sea-shipping-routes
In response to a surge in attacks by Iran-backed Houthi rebels on commercial shipping, the United States, along with more than half a dozen allies, has launched Operation Prosperity Guardian, a reinforced naval task force in the Red Sea, according to a report in the Financial Times....
https://knews.kathimerini.com.cy/en/news/cbc-warns-of-non-performing-loan-surge-amid-economic-challenges
The Central Bank of Cyprus (CBC) issued a warning on Monday, cautioning about the potential influx of non-performing loans (NPLs) driven by high-interest rates and inflation, which are impacting households' disposable income and businesses' profitability....
https://knews.kathimerini.com.cy/en/news/cyprus-and-the-porn-industry-high-tech-hub-exposed
For many years, the Republic of Cyprus, due to its art visa law, served as a hub for white flesh trafficking....
https://knews.kathimerini.com.cy/en/business/workforce-crisis-grips-cyprus-as-12-000-job-vacancies-surge
In the hotel, catering, and retail sectors, an estimated 12 thousand personnel needs have prompted relevant professional associations to jointly appeal to the Ministry of Labour, seeking simplified procedures for hiring staff from third countries....
https://knews.kathimerini.com.cy/en/news/joseph-borghese-receives-academico-honorario-title-from-mexico
Joseph Borghese has been honored as the first Cypriot to receive the esteemed 'Académico Honorario' (Honorary Academic) title from Mexico. ...
https://knews.kathimerini.com.cy/en/news/themis-themistocles-signals-potential-2024-interest-rate-cut
In their ''Year Ahead 2024'' forecast, analysts at Swiss financial giant UBS anticipate a slowdown in the strength of the US economy throughout 2023. ...
https://knews.kathimerini.com.cy/en/business/greek-retailer-kotsovolos-fined-€2-million-for-misleading-discounts
The Minister of Development, Kostas Skrekas, has levied a 2 million euro fine on the company "Dixons South-East Europe Commercial and Industrial Company of Electrical, Information Technology,...
https://knews.kathimerini.com.cy/en/news/one-to-three-star-hotels-dominate-greece-s-accommodations
Three in four Greek hotels belong in lower categories of one to three stars, representing 50% of the country’s total capacity in terms of rooms, according to data from the Institute of Tourism Research and Forecasts (ITEP) of the Hellenic Chamber of Hotels....
https://knews.kathimerini.com.cy/en/news/non-performing-loans-take-a-€95m-dive
As of the end of September 2023, the total Non-Performing Loans (NPLs) in the banking system of Cyprus further decreased to €2.02 billion compared to €2.08 billion at the end of August.
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https://knews.kathimerini.com.cy/en/news/chinese-elite-move-billions-abroad-in-economic-shift
In a remarkable shift this year, affluent Chinese have moved hundreds of billions of dollars out of the country, capitalizing on the end of COVID precautions that had tightly sealed China's borders for nearly three years....
