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1501. Finance minister warns of VAT consequences

With the deadlines long expired and the saga of amending the Value Added Tax Law to apply the reduced rate of 5% to specific residential square meters dragging on, Finance Minister Makis Keravnos sounds the alarm, emphasizing the palpable risk of Cyprus being taken to the European Court and fined....

1502. 380 CYTA employees on the brink of departure

In an effort to further reduce operational expenses and renew its workforce, Cyta has implemented another voluntary employee exit plan, targeting individuals who meet specific conditions....

1503. Billiard forfeit over flag sparks debate

A Greek Cypriot billiard player took to social media this week to express his frustration over a decision to forfeit a game against a Turkish Cypriot athlete, sparking debate on social media over sports and politics...

1504. FinMin underlines the importance of disciplined policy

The contact circle with the banks has not been completed, and there will be a new one to adopt measures that will provide relief to borrowers regarding the increased interest rates....

1505. Wasted potential: Cyprus grapples with renewable energy storage challenges

The Parliamentary Trade Committee of the House of Representatives examined the issue of the absence of renewable electricity storage systems, which leads to the rejection of significant power generation. ...

1506. IMF says Cyprus untouched by war fallout

The economy of Cyprus is expected to slow to around 2.5% in 2023, reflecting an erosion in household incomes, tighter financial conditions, and delayed impacts from sanctions against Russia, International Monetary Fund forecasts, after the conclusion of the Article IV consultation with Cyprus...

1507. TechIsland and Mercer Join Forces to Revolutionize Tech Industry Compensation in Cyprus

A new era for the booming Tech Industry...

1508. New plan to safeguard vulnerable groups' homes nears approval

The Director of the Press Office of the President of the Republic, Victor Papadopoulos, announced that a new plan to safeguard the first homes of vulnerable groups in Cyprus is on the horizon. ...

1509. Cabinet approves tax deductions for businesses and extends tax payment deadline

The Cabinet approved several important measures on Wednesday, including a bill on tax rebates for businesses for energy upgrades, an extension of the tax payment deadline, and a suspension of the obligation to file tax returns for individuals with a taxable income below €19,500....

1510. The self-sabotage of a President in less than 100 days

Nicos Anastasiades, undeniably one of the prominent political figures in the region, has faced criticism after many years in the Presidency, which, in some cases, rightly exceeded the boundaries of political deconstruction. ...

1511. Cyprus committed to bearing cost of sanctions on Russia

Cyprus said on Thursday it was committed to upholding European Union sanctions on Russia over its invasion of Ukraine and urged the bloc to support sectors, such as shipping, that have felt the impact of EU decisions...

1512. The theatrical hypocrisy of passing the e-kalathi bill

In early March, during the Commerce Committee meeting, the first one attended by the current Minister of Energy, the committee chairman, along with all the members, to be fair, urgently requested the government to submit a bill....

1513. EY: 4th Women Fit for Business Program Successfully Completed

1514. Canada and Saudi Arabia restore diplomatic ties after 6 years

Canada and Saudi Arabia have agreed to restore full diplomatic ties and appoint new ambassadors, both countries said on Wednesday, bringing to a close a 2018 dispute that damaged relations and trade....

1515. Real estate: A closer look at prices and rental trends

With the chapter on imposing a reduced VAT rate of 5% on primary residences as a social policy measure finally moving towards resolution, an unresolved issue that has been lingering in the real estate market for years is being addressed....

1516. Terkenlis confectionery chain shuts down in Cyprus

After operating in Cyprus for four years, the Terkenlis confectionery chain has made the decision to close its doors. Over the past two weeks, the company has ceased operations and deactivated its social media presence....

1517. Cyprus Cancer Research Institute: Scientific bridge between Europe and Cyprus

An important project for science and humanity was inaugurated on Monday, May 22, at the University of Cyprus campus, the "Nicola David – Pinedo Building" of the Cyprus Cancer Research Institute (CCRI), made possible thanks to the donation of Georgios and Kaiti David in memory of their daughter Nikola, who passed away in 2016 due to cancer....

1518. Limassol hosts desalination conference

'Desalination for the Environment, Clean Water and Energy conference and exhibition' begins Tuesday in Limassol with the participation of more than 300 delegates from around the world and 30 exhibitors...

1519. Cyprus favors sanctions while taking jabs at Turkey

Cypriot Foreign Minister Constantinos Kombos has accused Turkey of shunning Europe’s sanctions against Russia, while also expressing his own country’s support for a 'proper implementation' of measures amid reports that Athens cried foul over Kiev’s proposal to blacklist Greek companies...

1520. In search of an energy strategy

After President Christodoulides' visit to Israel and his meeting with Netanyahu, two key issues have emerged regarding Nicosia's energy strategy:...

1521. President holds talks with EU commissioners on Cyprus problem and migration

The Cyprus problem, the migration issue and current European developments were discussed on Monday at the meeting between the President of the Republic of Cyprus, Nikos Christodoulides and the Vice-President of the European Commission responsible for the Promotion of the European Way of Life, Margaritis Schinas, at the Presidential Palace....

1522. UNFICYP responds to allegations of farmland transfer in UN buffer zone

The UN peacekeeping force in Cyprus (UNFICYP) has rejected allegations related to Greek Cypriot farmland inside the UN buffer zone in the Denia area as "false and misleading", its spokesperson, Aleem Siddique, has said....

1523. Kyriakides: 'Our goal now, medicines for all'

"I have always envisioned a European Health Union, where the European Union would be intimately connected to every citizen regarding health matters....

1524. Restoring a wounded reputation

Last March, a publication by the Financial Times revealed the move of three shareholders of PWC Cyprus to resign from the audit firm and establish the company Kiteserve. ...

1525. FBI agents set up shop in Cyprus

The Federal Bureau of Investigation is reportedly setting up shop in the Republic of Cyprus, with the move taking place as US-Cypriot cooperation has been expanding on multiple levels...

1526. Nicosia begs to differ with ENI boss on EastMed

The Cypriot government says it does not share views on EastMed gas made by ENI boss Claudio Descalzi, who told Italian lawmakers an eastern Mediterranean gas project cannot go forward without Turkey, with Nicosia begging to differ and pointing to other companies willing to take the risk...

1527. Christodoulides: 'I am not here to cover for anyone'

"I am not here to cover for anyone," President Nicos Christodoulides emphasized during discussions on the new sanctions lists from the UK and the US....

1528. Nicosia reminds Europe of unresolved Cyprus issue

President of the Republic Nikos Christodoulides has stressed the need for the member states of the Council of Europe to not forget that the Cyprus problem remains unresolved adding that the current status quo cannot be accepted...

1529. Controversial appointments continue: Latest allegations spark public outcry

The reactions regarding the appointments of the Christodoulides government are intensifying day by day, forcing them to take measures in order to address any lingering concerns that may provoke public sentiment....

1530. Cyprus banks' strict adherence to sanctions worries legitimate entities

Banks have become cautious regarding sanctions imposed by the USA, EU, and UK, and they are not willing to take any risk in serving individuals or entities in Cyprus who are subject to sanctions....