Search

1. Cyprus plans €10,000 cash limit to fight money laundering

According to Kathimerini's Pavlos Neophytou, the Cyprus government is considering a new law to cap cash transactions at €10,000 for buying goods and services, aiming to crack down on money laundering. ...

2. Authorities stumped on declared cash

The question of the whereabouts of over 90 million euros in cash allegedly spent by travelers arriving in Cyprus through Larnaca and Paphos airports in the last 15 months remains unanswered by competent state authorities....

3. Anticipated 20% surge in orange prices

Consumers are set to face a 20% surge in the price of oranges on supermarket shelves in the near future....

4. Houthi strikes send prices soaring in global trade

In recent weeks, the developments in the Red Sea, with the Houthi attacks on commercial ships and their impact on global trade, have dominated the discussions of suppliers with their partners....

5. Tax Department: €70 million in taxes refunded - €200 million to be collected

An intensive effort by the Tax Department in recent months has resulted in a refund of over €70 million in excess taxes, with an additional €200 million expected to be collected, according to Tax Inspector Sotiris Markides. He emphasized that the Department aims to clear all outstanding Company and Individual Returns by the end of 2023....

6. The upcoming presidential elections and the tragedy of Cyprus

Any serious student of Cypriot history would have to admit that we have missed a number of opportunities for a viable solution to our problem over the decades, ...

7. Cyprus helps uncover VAT carousel fraud

Cypriot authorities swung into action after an investigation of fraudulent activity in Portugal was expanded through the European Public Prosecutor’s Office, with several companies on the island reportedly linked to a scheme that cost Lisbon tens of millions in tax revenue...

8. 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....

9. Cypriot MP reveals secret blacklist in state media

A House representative in the Republic of Cyprus says she had to deal with blacklists when she worked in state media, saying during a budget session on Thursday that she felt compelled to respond to colleagues who defended a move to keep political satire out of public television...

10. Tseriou Avenue revamp plans picking up speed

11. Critics pounce on Ayia Napa verdict

The British teen who was found guilty of lying to Ayia Napa police about being raped is determined to take the case to the Supreme Court while the verdict has fueled even more debate in Cyprus and around the world...

12. Local teen dies in moped crash

A male teenager was killed in a road accident on Wednesday when his moped collided head on with an oncoming vehicle in Limassol...

13. UN envoy likely to meet President on Sunday

14. Cypriot justice fails to deliver

Former Attorney General Alecos Markides says the judicial system in the Republic of Cyprus has not adapted to the demands of the modern state, pointing out a number of failures from inexperienced judges to a lack of check and balances. ...