TRANSPORT A new air connection between Larnaca and Brussels is set to boost Cyprus’s accessibility as the country prepares to assume the Presidency of the Council of the European Union in January 2026. Strategic link to Brussels: Aegean cleared for takeoff Dorita Yiannakou The Department of Civil Aviation and Aegean Airlines are expected to sign a contract in the coming days to establish direct flights between Larnaca and Brussels (Zaventem Airport). READ MORE
Lebanese drinks giant Kassatly building plant in Ypsonas The mega plant in Ypsonas, Limassol, should be fully operational by the end of 2023 and will create over 100 local jobs 21/12/2022 | BUSINESS
Elon Musk to step down as Twitter CEO His move comes after he ran a poll on Sunday asking Twitter users whether or not he should step down 21/12/2022 | BUSINESS
Wolt drivers to meet at Ministry of Labor to resolve issue Wednesday morning's initial attempt to solve the issue will include a meeting with relevant parties t the Labor Disputes ... Maria Eracleous 20/12/2022 | BUSINESS
Cyprus to impose minimum 15% tax on multinational corporations The move comes after EU member states reached an agreement on the minimum taxation component at the EU level Source: CNA 19/12/2022 | BUSINESS
What did Cypriot consumers purchase in 2022? High hotel and airline turnover during the holidays, but a discernible decline in fast food and kiosk sales Maria Eracleous 19/12/2022 | BUSINESS
Cyprus Airways flights up 406% in November compared to last year The airline operated a total of 239 flights, 406% increase over Nov ’21, and carried a total of 29,820 passengers, a1260% ... Source: CNA 19/12/2022 | BUSINESS
Calculating tax revenue for the passport program is challenging There are various types of taxes involved, and depending on the type, the applicant or another person may be responsible ... Panayiotis Rougalas 16/12/2022 | BUSINESS
ECB raises interest rates by 0.5% The ECB has now increased interest rates at each of its past four meetings by a total of 2.5 percentage points 15/12/2022 | BUSINESS
