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1231. Government owed €16.2m from ineligible first time home buyers

More than 270 people who benefited from the reduced rate of 5% VAT for first-time home buyers, have been found to be ineligible, following checks carried out throughout Cyprus by the Tax Department, and should be charged 19% VAT, totaling €16.2 million announced on Wednesday the Minister of Finance, Constantinos Petrides, after the Council of Ministers. He also announced on-site checks on other categories of taxpayers and types of taxes....

1232. When the ink dries, this will be the new archaeological museum

1233. Fuel price cuts have begun

Following a month of price volatility, the Cypriot market should see a reduction in the cost of motor and heating fuels in the coming days....

1234. Lawyers in Cyprus oppose backlog regulations

Lawyers in the Republic Cyprus are planning a demonstration against regulations aimed at expediting backlogged court cases, amid efforts by the state to speed up one of the world’s slowest administration of justice...

1235. Russians in Cyprus kept at bay in archbishop election

Russians in Cyprus will not be part of the Orthodox plebiscite during a highly contested archbishopric election next month, following a decision by a Holy Synod quorum on Monday that ruled there was no time for foreigners to register to vote...

1236. Candidates continue their quest for votes as elections draw near

The pre-election campaign of the candidates for February's 2023 Presidential elections continued over the weekend with meetings and contacts in cities and communities on the island and abroad....

1237. The effects of Global warming on banks and insurance companies

One of the last print editions of the Economist had the title ‘Say goodbye to 1.5° C’ which refers to the goal of limiting the increase in the average temperature of the planet to 1.5 degrees Celsius...

1238. Duma passes law prohibiting LGBT propaganda

Russian lawmakers on Thursday gave their final approval to a bill that significantly expands restrictions on activities seen as promoting gay rights in the country, another step in a years-long crackdown on the country's embattled LGBTQ community....

1239. Small number of banks meeting new loan demand

The net demand for loans from businesses in Cyprus decreased in the third quarter of 2022, and banks anticipate a similar decline in the net demand for loans from businesses and households in all loan categories in the fourth quarter of 2022 compared to the third quarter. ...

1240. 14 billion euros of loans on ice due to the suspension of foreclosure sales

In Cyprus, credit purchasing companies manage over 80,000 loans totaling €20 billion....

1241. Turkey says S-400 ready for use if needed

Turkish Defense Minister Hulusi Akar says his country’s Russian-made surface-to-air missile batteries are ready for action and will be used if the country is threatened...

1242. 32nd Auction Sale by Psatharis

Once again, the Psatharis Auction House has collected a rich group of artworks that will be presented at the Kleopatra Hotel from November 28th to 30th as part of the 32nd auction. The collection includes over 130 works by Cypriot and Greek artists and a remarkable selection of maps of Cyprus....

1243. Indonesia quake: 252 dead including many children

Many children were killed in an earthquake in Indonesia when their schools collapsed, officials said on Tuesday, as rescuers raced to reach people trapped in rubble in a devastated town on Java island....

1244. Supreme Court in Cyprus overturns rape convictions

Two young males who were convicted on rape charges after having sex with a drunk high school student in a hotel room were acquitted last week when the Supreme Court found the girl’s testimony was weak and the defendants did not receive a fair trial...

1245. Children's House: 1,565 children screened for sexual abuse

Children's House received referrals for 1,565 children to be investigated for sexual abuse from its inception in September 2017 until October 2022, according to a press release issued by Hope For Children Organization on Friday in honor of today's European Day for the Protection of Children Against Sexual Exploitation and Abuse....

1246. 'The suspension of foreclosure sales is tragic for the country'

Bank of Cyprus CEO Panicos Nicolaou described Cyprus's decision to extend the suspension of divestments as "tragic."...

1247. US-Cyprus army cooperation bill heads to the House

A bill that paves the way for further military cooperation between Cyprus and the Unites States reached the House this week, following months of media hype about the island’s intent to help Ukraine with Russian-made missiles, but the specific agreement explicitly excludes weapons systems...

1248. What do Cypriots buy on Black Friday?

Only eight more days until the much-anticipated Black Friday shopping day, and ads for discounted goods continue to pound the public. Every year, many people look forward to this day in order to find the best deals on products they need....

1249. Bird activists in Cyprus stand ground after video incident

The Committee Against Bird Slaughter in Cyprus says organized hunters were misleading the public over an incident last week, saying an activist caught on video and accused of harassing them was in fact waiting for authorities after having called in an illegal activity...

1250. ECB: Banks in Italy, Portugal, Greece, Cyprus could see highest rise in NPLs

Banks in Italy, Portugal, Greece and Cyprus could suffer some of the biggest increases in non-performing loans while France, Ireland and Luxembourg could be among the best performers, the European Central Bank said in a fresh study on Tuesday....

1251. Amazon announces immediate layoffs of 10,000 workers

Amazon plans to lay off approximately 10,000 employees from administrative and other positions in its technology departments....

1252. 50 products specified in Cyprus' 'Household Basket'

The Consumer Protection Service will present its initial proposal for the Household Basket in Cyprus to the stakeholders - the Hypermarkets Association, the Retailers Association, the OEB, and the CEB - at 12 noon on Wednesday. ...

1253. Menendez reassures Cypriots no fighter jets for Erdogan

US Senator Bob Menendez has renewed his commitment to stop F-16 fighter sales to Turkey, calling instead on everyone to make sure that all Turkish soldiers leave Cyprus down to the last one...

1254. Investors lost $1 billion on FTX, prompting calls for industry regulation

The turmoil in the cryptocurrency world continues unabated following the bankruptcy of the FTX platform, which landed its founder, Sam Bankman-Freid, bankrupt almost overnight. ...

1255. CIA Chief in Ankara, warns against the use of nukes

U.S. Central Intelligence Agency Director William Burns is in Ankara to speak with his Russian intelligence counterpart to convey a message on the consequences of any use of nuclear weapons by Russia, a White House official said on Monday....

1256. Katie Clerides campaigns for Averof Neophytou, calls for DISY unity

Messages in favor of unity in the ruling Democratic Rally (DISY) party on the occasion of a memorial service of its founder and former President of the Republic Glafcos Clerides and the visit of independent candidate Nikos Christodoulides to the occupied Maronite villages were the main developments in the election campaign during the weekend....

1257. President defers foreclosure mess to attorney general

Cypriot President Nicos Anastasiades has refused to veto legislation that suspends foreclosures yet again until February 2023, essentially calling on the attorney general to examine the constitutionality of the bill as the issue on the presidential election campaign trail continues to heat up...

1258. Finance Minister calls for the repeal of foreclosure suspension

The Ministry of Finance proposes delaying the law on divestiture suspension. ...

1259. Slower economic growth expected towards end of year

The Cypriot economy is expected to slow down towards the end of 2022 after growing steadily during the first half of the year, according to the chapter on Cyprus from the European Commission’s Autumn 2022 Economic Forecast which was presented on Friday by Commissioner for the Economy Paolo Gentiloni....

1260. Republicans move towards a majority in the House

Republicans edged closer on Thursday to securing a majority in the U.S. House of Representatives while control of the Senate hinged on a few tight races, two days after Democrats staved off an anticipated "red wave" of Republican gains in midterm elections....