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451. 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)...

452. 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...

453. Locals stage protest on Lara beach

A protest in favour of local exploitation of Lara beach was held on Sunday in response to activists and state officials who recently reiterated that illegal human activity on turtle nesting sites will not be tolerated...

454. 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%...

455. Anastasiades responds to Akinci’s hydrocarbons proposal

In a letter to UN Secretary General Antonio Guterres President Anastasiades responded to a proposal by Turkish Cypriot leader Mustafa Akinci regarding the co-management of natural gas affairs. ...

456. Talent shortages costing European private businesses €414 billion each year

European private businesses’ biggest challenge is the increasingly growing skills shortage that is preventing them from hiring the right talent for growth. A PwC survey across 31 European countries shines a spotlight on a wider, ongoing issue across the region. PwC estimates that the skills shortage is costing the region €414 billion annually in lost revenues - just from private businesses. That’s around 2.6%of European GDP and is more than the combined annual GDP of Greece and Portugal. ...

457. Britain says Iran attempted to block its oil tanker

Three Iranian vessels tried to block the passage of a British ship through the Strait of Hormuz but withdrew after warnings from a British warship, the British government said on Thursday. ...

458. Deutsche Bank axes 18,000 jobs

459. GCC awarded by Hewlett Packard Enterprise Southern Europe

Hewlett Packard Enterprise Southern Europe named GCC as “Top Solutions Provider Partner of the Year” for Greece and Cyprus markets ...

460. Facebook to launch cryptocurrency called Libra

461.  Aphrodite revenue sharing at 57.1% - 42.9%

462. Cyprus strikes deal with Noble, Shell and Delek

463. Eurobank posts €10 million first quarter profit

464. Nuvei to buy in cash Cyprus based fintech firm SafeCharge for $889 million

465. BOC leadership change will not disrupt momentum Ackermann says

466. Revenue from ship management climbs

467. Tourism Minister says Brexit extension to affect holiday prices

468. IMF warns of 'increasing headwinds to sustained growth'

469. Kenyan tycoon with Cypriot passport files lawsuit

A Kenyan business tycoon who also holds a Cypriot passport is suing authorities in his native country alleging he is being prosecuted unfairly for not disclosing his dual citizenship...

470. Fitch Upgrades Hellenic Bank

471. Cyprus, Israel discuss deal for Aphrodite gas field

472. Female duo allegedly robbed community fund

Two women have been arrested in Limassol after €120,000 went missing at a local community over the course of five years...

473. Checking of Greeks cash abroad begins

The tax administration now has data concerning Greeks with deposits, dividends, shares and real estate abroad over the last couple of years, in the context of the automatic exchange of information....

474. Cyprus aims to maintain the same number of tourists as in 2018

475. Cyprus establishes energy investment fund

476. Man busted in illicit tobacco trade

A man in Limassol has been arrested on charges of illicit tobacco trade, when cops discovered close to a thousand packets of cigarettes in his van...

477. US charges Huawei with bank fraud, theft of trade secrets

478. Apple cuts sales forecast as China sales weaken

479. True to Kathimerini’s history and legacy

480. New Cyprus Tourism Minister sworn in