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841. Tax returns from prior years being cleared quickly

The Tax Department is proceeding rapidly with the clearing of the Tax Declarations of companies and individuals from previous years with the aim of having all the declarations cleared by the summer of 2023, Tax Commissioner, Sotiris Markides, told CNA....

842. Cyprus is bursting, like a fat guy out of his leotard

Cyprus’ changing demographics are causing havoc to the real estate market, accentuating socio-economic imbalances and creating polarised communities. A bit dramatic? Let’s see....

843. Exness supports Enalia Physis and its efforts to preserve the Mediterranean Monk Seal habitats

Exness supports the work of Enalia Physis Environmental Research and its efforts to protect the Mediterranean monk seals’ natural habitat in Cyprus. ...

844. Israel clinches deal with Lebanon, Cyprus still at bay

The eastern Mediterranean was on a roll this week after US mediation managed to get broad acceptance for an Israel-Lebanon maritime demarcation deal, but Tel Aviv still faces another challenge only weeks before elections as not everyone is at ease with similar arbitration efforts to resolve a dispute with Cyprus...

845. Coronavirus: Nasal vaccines yielded disappointing results

The initial trial of a nasal vaccine against coronavirus developed by the University of Oxford with funding from the pharmaceutical company AstraZeneca resulted in disappointment. ...

846. October Newsletter of K. Treppides & Co Ltd: Take Action

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....

847. Companies fined for safety violations resulting in the death of a worker

Two companies were fined €19,000 and two people received suspended prison sentences as a result of criminal investigations into health and safety at work violations that resulted in the death of an employee and the endangerment of others at work. ...

848. EU commissioner defends deal on older vaccines

Health commissioner Stella Kyriakides went on Cypriot state radio on Monday calling on EU citizens to get vaccinated with booster shots already made available to member states, a position she defended amid growing social and scientific doubt about a procurement strategy that included cozy texts between pharmaceutical companies and the bloc’s executives...

849. One-Stop-Shop for shipping companies in Cyprus

The plenary of the House of Representatives unanimously passed a law on Thursday that provides for the establishment of a one-stop-shop framework for shipping companies....

850. House scrambles to keep ships under Cyprus flag

The House health committee in the Republic of Cyprus is scrambling to amend healthcare legislation in a race against the clock, following reports that ship owners are trying to take their business elsewhere to avoid having to pay GESY tax...

851. Investigating Russian remittances to Mount Athos

The Money Laundering Authority is investigating suspicious money transfers from abroad to the individual accounts of monks on Mount Athos....

852. Global fintech market resilient in H1’22 - $107.8 billion in investment, according to KPMG’s Pulse of Fintech

Global fintech investment declined from $111.2 billion in H2’21 to $107.8 billion in H1’22, but remained remarkably resilient compared to historical trends given the challenges affecting the broader investment market, including geopolitical uncertainty, growing inflation, and increasing interest rates. ...

853. EU countries approve energy windfall levies, turn to gas price cap

European Union countries agreed on Friday to impose emergency levies on energy firms’ windfall profits and began talks on their next move to tackle Europe’s energy crunch – possibly a bloc-wide gas price cap....

854. Cyprus wants EU exemption from energy cutback

Cyprus is gearing up to request on Friday an exemption from EU measures that would call on member states to reduce their energy demand as well as cap company profits from Russian oil...

855. Finance Minister calls for prudency to safeguard economy

Cypriot Minister of Finance Constantinos Petrides, stressed on Wednesday evening the need to be “even more careful” with the fiscal discipline in the new challenging era, while Central Bank Governor Constantinos Herodotou referred to the risk of new NPLs due to the challenging economic conditions....

856. Permits granted for 7,000 highly skilled workers from 3rd countries

The policy of granting tax incentives to foreign technology companies is yielding results, Invest Cyprus Investment Promotion Agency Chairman Evgenios Evgeniou said, stressing that 7,000 work permits have been approved this year for highly skilled individuals who chose to work in Cyprus....

857. Cypriot businesses face serious issues, but still expect to turn a profit

What are the main problems for Cypriot businesses (table) ...

858. EU flip flops on Russian coal after Cyprus cries foul

The shipping industry in the Republic of Cyprus can breathe a sigh of relief after the European Commission eased sanctions against Russian coal, following objection from Nicosia that saw stricter guidelines as a direct blow to its competitive advantage...

859. Apple, Facebook and NFT's at this year's Digital Agenda summit

The Digital Agenda Summit 2022 will be held on October 17th. This annual event, now in its third year, features renowned speakers from all over the world who will discuss topics ranging from technology, innovation, climate change, politics and current events....

860. Nouris: More foreign companies setting up shop in Cyprus

The adoption of the New Strategy for Attracting Business and Talent has led to an impressive increase in interest from foreign companies to establish their presence in Cyprus, ...

861. A cat has nine lives. So does the Cyprus property market.

Where is the Cyprus property market heading? I have been asked this question countless times over the past three months, primarily from foreign investors who are trying to appreciate how the rise in inflation, increase in interest rates, and war in Ukraine is affecting local market dynamics....

862. 5.8% of the total cultivated area of Cyprus is dedicated to organic products

The EU Organic Day – September 23 – is seen as the ideal opportunity to widely celebrate the organic sector and to evaluate Europe’s progress towards achieving its goal of 25% organic land by 2030....

863. Self check-in and robots - the future of tourism in Cyprus

864. Resolution of dispute with Israel is on track

A note of optimism for a resolution of the Cyprus-Israel dispute over the Aphrodite deposit is being 'extracted' following contacts between the two sides at the level of energy ministers in Nicosia. ...

865. Russia: 'Either we send convicts to fight in Ukraine, or your children'

The head of a notorious Russian mercenary group has defended the idea of sending prisoners to fight in Ukraine's war after the publication of a video showing him recruiting in a prison....

866. Israeli minister in Nicosia as gas bargain heats up

Israeli Energy Minister Karine Elharrar is visiting Cyprus on Monday to talk gas directly with her Cypriot counterpart, after companies tasked by the two governments to negotiate a joint reservoir failed to agree on a buyout deal...

867. Marjan Van Aubel at the Digital Agenda Cyprus Summit

The steering committee of the Digital Agenda Cyprus Summit announces the participation of internationally renowned solar innovation and designer Marjan Van Aubel as a speaker at the conference to be held on 17 October 2022 at the Nicosia Municipal Theatre....

868. State fair site to become innovation zone

The Finance Ministry welcomed a decision by the Council of Ministers on Wednesday to establish an innovation zone and a business zone/exhibition space at the Cyprus International Fair site....

869. EC to force energy companies to share their profits

The European Commission plans to raise more than €140 billion to relieve consumers from soaring energy prices, according to Reuters, by "taking a chunk of the revenue from low-cost electricity producers and forcing fossil fuel companies to share their huge profits. ...

870. Non-PDO halloumi being sold off at deeply discounted prices

Many supermarket chains and stores that sell halloumi are offering deep discounts on singular or bulk sales of the cheese. These are clearly those products that do not fall within the PDO specifications and are not labeled accordingly....