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1. Finance Minister coordinates with EU Trio on 2025 Presidency

Minister of Finance Makis Keravnos met in Luxembourg with his counterparts from Poland and Denmark regarding the preparation of the Cypriot......

2. Makis Keravnos voices concerns over geopolitical developments

The global supply chain disruption and its economic impact on Europe and the world have raised concerns among Europeans....

3. Keravnos attends Brussels ECOFIN meeting

Minister of Finance Makis Keravnos is in Brussels to take part on Monday in the meetings of the Eurogroup and the EU Finance Ministers Council (ECOFIN)....

4. Finance Ministry undergoes administration overhaul

5. DAC6 revisited through the prism of DAC8

The Directive on Administration Cooperation (''DAC'') has been amended multiple times since 2011 to allow for the automatic exchange of information across multiple fields of taxation....

6. Cyprus and Croatia forge tax treaty for business growth

The Republic of Cyprus and the Republic of Croatia have inked a significant Agreement for the Elimination of Double Taxation during the ECOFIN meeting in Luxembourg. ...

7. CBC governor joins EU leaders in Frankfurt

The Governor of the Central Bank of Cyprus (CBC), Constantinos Herodotou, is in Frankfurt, Germany, to participate in the meeting of the Governing Council of the European Central Bank (ECB)....

8. Temporary VAT reduction on essentials estimated at €14.5 million

In the upcoming days, most likely early next week, a clearer picture is expected to emerge regarding the government's course of action on the reduced Value Added Tax (VAT) rate for fuel and electricity....

9. The 2023 Budget in the vortex of the elections

The government of President Anastasiades has just submitted its final budget, for 2023. DISY will undoubtedly support the budget, but it will be interesting to see what position it will take if and when the polls are confirmed....

10. Energy poverty: The nightmare that everyone is attempting to alleviate

"Energy poverty is a major social issue with a direct impact on health that affects approximately 54 million Europeans. High energy prices, low incomes, and damp, unhealthy homes with poor insulation all contribute to higher rates of energy poverty," according to a statement published on the website of the European Committee of Regions on June 2019....

11. Finance Minister concerned over rising energy and grain prices

Finance Minister Constantinos Petrides said today that he is concerned about the rising prices of grain and energy and the possibility of 'stagflation', but excluded the possibility of the Cypriot economy slipping into recession....

12. Cyprus to proceed with a tax reform in 2022

Cyprus will proceed with a tax reform next year, including the increase of corporate income tax and the introduction of green taxation with a view to achieving its environmental targets, Finance Minister Constantinos Petrides has said....