https://knews.kathimerini.com.cy/en/news/cyprus-to-fully-repay-imf-loan-in-2020
According to figures from the 2020 budget presented by Finance Minister Haris Georgiades to the Cabinet, Cyprus will repay the IMF loan early resulting in government debt reduction to 91.1% of GDP
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https://knews.kathimerini.com.cy/en/news/cabinet-approves-surplus-2020-budget
The Cabinet approved on Wednesday the budget for 2020, which foresees a surplus in state finances, while a significant increase in spending is planned due to the implementation of the General Healthcare System
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https://knews.kathimerini.com.cy/en/news/minister-says-migration-‘extremely-challenging
Interior Minister Constantinos Petrides says the numbers of asylum applicants are going up, increasing the social and economic burden on the island...
https://knews.kathimerini.com.cy/en/news/migration-and-geopolitics
The significant increase in the arrival of refugees and migrants recorded on Greece’s Aegean islands over the past few weeks is cause for concern as it indicates that Turkey is seeking to exploit the issue in order to remind the European Union of Ankara’s critical role in containing inflows.
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https://knews.kathimerini.com.cy/en/news/british-airways-flights-to-cyprus-on-hold
British Airways flights to Cyprus are said to be on hold due to one of the airline’s biggest strikes, with more action expected in the future if no deal is reached...
https://knews.kathimerini.com.cy/en/business/overtaxation-led-to-tax-evasion
Losses incurred by the state coffers due to tax evasion in 2014-17 were greater than the value-added tax revenue increase as a result of consecutive tax hikes, according to a European Commission report on the so-called VAT deficit (the difference between the expected VAT revenues and actual collections)...
https://knews.kathimerini.com.cy/en/business/german-giant-acquires-foody
Cypriot startup Foody has been acquired by a German food delivery giant in a friendly takeover reaching dozens of countries all over the world...
https://knews.kathimerini.com.cy/en/news/churchill-s-grandson-to-be-expelled-from-conservative-party
Nicholas Soames, the grandson of Britain’s World War Two leader Winston Churchill, will be expelled from the Conservative Party after voting against Prime Minister Boris Johnson on Brexit...
https://knews.kathimerini.com.cy/en/news/south-hands-over-another-suspect-to-north
Another murder suspect wanted in the north in the murder of a Nicosia businessman has been handed over to Turkish Cypriot authorities, as anti-crime cooperation between the two communities continues...
https://knews.kathimerini.com.cy/en/business/scope-rates-cyprus-with-bbb
Scope Ratings affirmed last week the Republic of Cyprus’ BBB- long-term issuer and senior unsecured local- and foreign-currency ratings, along with a short-term issuer rating of S-2 in both local and foreign currency, noting that all outlooks are stable...
https://knews.kathimerini.com.cy/en/news/one-more-day-of-rain
Afternoon showers and thunderstorms are likely to continue on Tuesday in parts of the island, along with strong winds, while clear weather is in the forecast for the rest of the week...
https://knews.kathimerini.com.cy/en/news/strong-winds-to-slap-coastal-south
Maximum high temperatures are expected to be below 40 on Wednesday and Thursday, as a warm front is on its way out with a chance of showers later in the week...
https://knews.kathimerini.com.cy/en/news/inland-continues-to-bake-in-hot-weather
A heat advisory continues Friday afternoon due to extreme high temperatures in the interior, with maximum inland highs trending upwards and milder temperatures expected along the coast throughout the weekend...
https://knews.kathimerini.com.cy/en/business/business-leaders-reject-proposal-for-corporate-tax-rate-increase
We will not proceed with the increase in the corporate tax rate said Finance Minister Haris Georgiades, shortly after business leaders rejected his proposal
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https://knews.kathimerini.com.cy/en/business/government-in-talks-with-businesses-to-raise-corporate-tax-rate
Finance Minister Haris Georgiades confirmed reports that the government plans to increase the corporate tax rate from 12.5% to 15%...
https://knews.kathimerini.com.cy/en/news/foreclosure-legislation-unconstitutional
The latest piece of legislation on foreclosures which was approved last Friday is unconstitutional...
https://knews.kathimerini.com.cy/en/business/cyprus-considers-raising-corporate-tax-rate-to-15
The idea of raising the Cyprus corporate tax rate from 12.5% to 15% has been discussed at a meeting between Finance Minister Haris Georgiades and business executives...
https://knews.kathimerini.com.cy/en/news/stella-kyriakidou-climate-change-and-gender-equality-a-priority-for-the-eu
There have been many who have questioned the EU because of the economic crisis that has emerged in recent years. Today we are coming out of this crisis and we realize that the EU still has a lot to offer....
https://knews.kathimerini.com.cy/en/news/heat-advisory-but-some-rain-chances
A heat advisory is in effect Sunday afternoon due to extreme high temperatures in the interior, while there are low chances of rain mainly in the mountains...
https://knews.kathimerini.com.cy/en/news/lifeline-as-parliament-accepts-president-s-referral
The House of Representatives has heeded warnings voting to accept the President's referral of legislation that would have made it difficult for banks to recover mortgaged non-performing exposures...
https://knews.kathimerini.com.cy/en/news/trump-hits-china-with-more-tariffs-sharply-escalating-trade-dispute
U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply escalating a bruising trade war between the world’s largest economies and jolting financial markets.
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https://knews.kathimerini.com.cy/en/news/finance-committee-seeks-compromise-on-foreclosures
The House of Representatives Finance Committee meets on Friday to discuss proposals that would normalize the legislative framework on foreclosures...
https://knews.kathimerini.com.cy/en/news/north-and-south-touch-base-on-west-nile
Members on the Bicommunal Technical Committee on Health met Wednesday to discuss the West Nile virus, following one death in the north and a number of cases throughout the island...
https://knews.kathimerini.com.cy/en/news/unemployment-in-cyprus-drops-to-6-5
The euro area seasonally-adjusted unemployment rate was 7.5% in June 2019, down from 7.6% in May 2019 and from 8.2% in June 2018. This is the lowest rate recorded in the euro area since July 2008. The EU28 unemployment rate was 6.3% in June 2019, stable compared with May 2019 and down from 6.8% in June 2018. This remains the lowest rate recorded in the EU28 since the start of the EU monthly unemployment series in January 2000. These figures are published by Eurostat, the statistical office of the European Union
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https://knews.kathimerini.com.cy/en/news/central-banker-mulls-bridging-framework-on-foreclosures
The Central Bank will present recommendations aimed at rectifying the foreclosure framework it was announced on Thursday...
https://knews.kathimerini.com.cy/en/news/halloumi-exports-reached-29-thousand-tons-in-2018
Halloumi exports reached 29,000 tons in 2018, acting permanent secretary of Agriculture Ministry Andreas Louca has said.
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https://knews.kathimerini.com.cy/en/news/three-west-nile-virus-cases-in-the-north
Turkish Cypriot media say authorities in the north have detected three cases of the West Nile virus, while officials in the south are still waiting for tests on one possible case...
https://knews.kathimerini.com.cy/en/business/ikea-branches-out-to-limassol
IKEA is reaching out to Limassol fans and beyond, with a new Planning Studio location now open in the southern town...
https://knews.kathimerini.com.cy/en/news/moodys-warns-foreclosure-laws-increase-risk-for-banks
Cyprus’ new foreclosure framework hampers banks efforts to reduce NPLs said credit rating agency Moody's in an announcement on Thursday....
https://knews.kathimerini.com.cy/en/news/state-department-expresses-‘deep-concerns-over-turkish-drilling-off-cyprus
Washington expressed “deep concerns” over Turkey’s insistence on conducting drilling operations in Cyprus’ offshore maritime zone
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