https://knews.kathimerini.com.cy/en/news/fuel-tax-to-be-reduced-by-7-cents-per-liter
Cyprus Finance Minister Constantinos Petrides announced on Thursday a reduction in fuel tax following a Cabinet meeting, at the Presidential Palace....
https://knews.kathimerini.com.cy/en/news/petrides-cyprus-banks-are-safe-from-exposure-to-russia
The economic sanctions imposed against Russia following the invasion of Ukraine are not affecting Cyprus to a large extent as the island’s banking system has no exposure to Russia...
https://knews.kathimerini.com.cy/en/news/petrides-cyprus-has-not-objected-to-any-eu-sanctions-including-cutting-russia-off-swift
The Minister of Finance, Constantinos Petrides stated that reports concerning Cyprus' objection to imposing a ban on Russia from the SWIFT international payment system were false....
https://knews.kathimerini.com.cy/en/news/cabinet-expected-to-approve-implementation-of-test-to-stay-protocol-for-national-guard
The protocol for the introduction of the `test to stay` measure in the National Guard is expected to be submitted to the Council of Ministers today for approval....
https://knews.kathimerini.com.cy/en/news/modernization-of-eac-and-an-increase-of-independent-energy-providers-says-president-anastasiades
Cyprus President Nicos Anastasiades said on Thursday that the government will provide all necessary tools to allow the Electricity Authority of Cyprus (EAC) to modernize its operation, as well as to encourage even more independent energy providers to operate in the Cypriot market....
https://knews.kathimerini.com.cy/en/business/cyprus-economy-grew-by-5-7-in-2021-according-to-eurostat
The continued high rate of growth in the fourth quarter of 2021 confirms the resilience and dynamism showed by the Cypriot economy and the soundness of our policies, boosting expectations for further growth in 2022, Finance Minister Constantinos Petrides said on Tuesday....
https://knews.kathimerini.com.cy/en/business/reflections-on-20-years-of-the-euro
Twenty years ago on Saturday, around 300 million Europeans held a brand-new currency in their hands, the euro....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/vat-reduction
Finance Minister Constantinos Petrides said on Thursday that the Government has notified the EU’s VAT Committee over its intention to reduce VAT on household electricity bills from 19% to 9%...
https://knews.kathimerini.com.cy/en/news/cyprus-frets-‘pandoramonium-overshadowing-good-work
The Cypriot finance ministry says a European Parliament resolution on Pandora Papers and subsequent criticism by local opposition is overshadowing the amount of good work that has been done on the island against illegal activities, as some parties are calling on the president to step down...
https://knews.kathimerini.com.cy/en/news/digital-agenda-2021-ends-with-a-bang
The second and final day of Digital Agenda Cyprus was more impressive with speakers bringing together ideas, predictions and discussions about the future of technology and what to expect during the post-pandemic era....
https://knews.kathimerini.com.cy/en/news/cypriot-minister-picks-tax-battle-on-twitter
Cypriot Finance Minister Constantinos Petrides lashed out at critics this weekend, saying his country was in favor of setting a global minimum tax for corporations despite not having signed on the dotted line...
https://knews.kathimerini.com.cy/en/news/increasing-the-efficiency-of-the-tax-department
The increase of the efficiency of the Tax Department, both for the collection of taxes and for the service of the public is of the utmost importance...
https://knews.kathimerini.com.cy/en/news/cyprus-wants-clean-slate-in-naturalizations
The government in the Republic of Cyprus has laid out a new blueprint for naturalizations of foreign investors and skilled immigrants, pointing to a departure from the country’s disgraced golden passport scheme while respecting the EU position on citizenship criteria...
https://knews.kathimerini.com.cy/en/news/2022-budget
The Ministry of Finance is working hard to complete the proposed budget of 2022 for submission to the Council of Ministers....
https://knews.kathimerini.com.cy/en/news/cyprus-awaits-rrp-endorsement-during-ursula-visit
European Commission President Ursula von der Leyen flies to Cyprus Wednesday on a two day visit to deliver notes on the government’s recovery and resilience plan submitted two months ago...
https://knews.kathimerini.com.cy/en/news/yiolitis-walks-away-with-‘clear-conscience
Cypriot President Nicos Anastasiades had no further comment but to thank outgoing Justice Minister Emily Yiolitis, who resigned Thursday following a barrage of bad publicity implicating her as the 'weakest link' in the administration ahead of an upcoming Cabinet reshuffle...
https://knews.kathimerini.com.cy/en/news/cyprus-ready-for-dialogue-on-global-tax
A decision by the Group of Seven to impose a global minimum tax rate does not seem to directly affect Cyprus, its Finance Minister Constantinos Petrides said on Monday...
https://knews.kathimerini.com.cy/en/news/g7-agree-on-plan-targeting-tax-heavens
The G7 reached a landmark deal on Saturday to pursue higher global tax rates on multinational businesses but the measures need broader support including an EU resolution, with retractors including Cyprus where Amazon recently registered a company...
https://knews.kathimerini.com.cy/en/news/cyprus-opposes-global-minimum-corporate-tax
Cypriot Finance Minister Constantinos Petrides says Cyprus opposes both Biden’s proposal for a minimum corporate tax and a recently reached deal by MEPs on improved transparency for tax reporting...
https://knews.kathimerini.com.cy/en/news/cyprus-unveils-ambitious-stimulus-plan
Cypriot President Nicos Anastasiades has called on the new parliament after elections as well as industry leaders to support an ambitious €4.4 billion economic stimulus plan, saying it will lead the country into a new era...
https://knews.kathimerini.com.cy/en/news/minister-warns-house-over-crucial-eu-money
Cypriot Finance Minister Constantinos Petrides is calling on Parliament to approve structural reforms that come as a condition to the disbursement of over €1 billion from the EU’s Recovery and Resilience Fund...
https://knews.kathimerini.com.cy/en/news/third-lockdown-brings-new-support-schemes-totaling-€120m
New support measures to the tune of €120 million to address the effects Cyprus’ third total lockdown on employees and companies were announced by the Finance and Labour Ministers on Wednesday....
https://knews.kathimerini.com.cy/en/news/decisions-on-hold-as-palace-summons-experts
The President’s Cabinet failed to reach a decision on pandemic measures following intense debate on Thursday afternoon, with reports saying an announcement was pushed back a day to give health experts time to visit the Palace for more consultations...
https://knews.kathimerini.com.cy/en/news/jiu-jitsu-director-says-cyprus-losing-out
The director and producers of martial arts movie Jiu Jitsu sought audience with Cyprus’ finance minister this week over delayed cash rebate payments, with reports saying the film makers are also ticked off by an unflattering audit report on the country’s Olivewood scheme...
https://knews.kathimerini.com.cy/en/news/cypriot-cabinet-gets-astrazeneca-‘group-shot
Members of the President’s Cabinet got the AstraZeneca shot in front of cameras on Thursday, in a publicity stunt aimed at boosting confidence among members of the public...
https://knews.kathimerini.com.cy/en/news/cabinet-approves-€250m-supplementary-pandemic-budget
The Cabinet on Wednesday approved a supplementary budget of €250 million to cover needs arising from the handling of the pandemic. ...
https://knews.kathimerini.com.cy/en/news/govt-meets-extension-of-restrictions-with-new-support-measures
Cyprus Ministers of Finance, Constantinos Petrides and Labour, Welfare and Social Insurance, Zeta Emilianidou announced Friday an economic support package to the tune of €70 million for businesses and employees in an attempt to counterbalance the extension of restriction measures....
https://knews.kathimerini.com.cy/en/news/cyprus-far-more-cautious-in-next-step
The Cypriot government is moving ahead with further relaxation of measures against the pandemic, with the announcement coming two days after a Cabinet decision that was delayed due to high hospitalization rates but also reports that not all ministers were on the same page...
https://knews.kathimerini.com.cy/en/news/vaccinations-the-main-economic-tool-in-managing-covid-crisis
Vaccinations have turned into the main economic tool for the management of the coronavirus crisis and the prospects for recovery, Minister of Finance Constantinos Petrides said, stating that he foresees a strong recovery in 2021 ranging from 3.5% to 4.5% of GDP, depending on the development of the pandemic....
