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61. Deloitte’s Tax Facts 2024

62. Cyprus redefines sustainability with new renewable energy grants in housing

In an exclusive announcement, the Ministry of Energy, Trade, and Industry is reaching out to stakeholders for their input on the innovative ''Grant Scheme for Renewable Energy and Energy Saving in Housing 2024-2025.''...

63. Cabinet approves free preschool for 4-year-olds

The Council of Ministers today greenlit the expansion of free pre-primary education for 4-year-olds, announced Education Minister Athina Michaelidou following the conclusion of the Cabinet meeting....

64. Europe tightens rules on short-term rentals for sustainable tourism

The noose has tightened for short-term rentals within European territory, i.e. ''Airbnb'' and other well-known platforms. The aim of the new three rules from the European institutions is to promote more sustainable tourism,...

65. Denmark's Queen Margrethe II to relinquish throne on Jan. 14

In a surprising New Year's Eve announcement, Queen Margrethe II of Denmark revealed her decision to step down from the throne on January 14, 2024. ...

66. 2024 budget gets green light – Inside scoop on state wage proposals

The 2024 budget was passed into law relatively comfortably, with a total of 37 MPs voting for it, while 19 were opposed. ...

67. Cyprus expands diplomatic footprint, bolsters migration management efforts

President Nicos Christodoulides, leading the Council of Ministers at the Presidential Palace, announced significant developments in Cyprus' foreign policy and measures taken to address migration challenges....

68. Preventive pediatrics expansion: Center takes on eight more diseases

''The CPP has been carrying out a project on behalf of the State for 35 years and covers the needs of the entire population of the country free of charge on a voluntary basis'', says Fotini Tsiridou, the president of the Association of Friends of the Center of Preventive Pediatrics ''Amerikos Argyriou'' and councillor of DISY, to ''K''....

69. Government joins elite with third plea for €152.3M

Acting Permanent Secretary of DG Growth at the Finance Ministry, Andreas Zachariades, said on Thursday that as of Friday, Cyprus will be among the first ten EU member states that have submitted the third payment request from the Recovery and Resilience Mechanism of the EU....

70. Parliament approves measures for NPLs and foreclosures framework

Cyprus' Finance Ministry has expressed satisfaction with the parliament's approval of laws integral to the comprehensive package for managing Non-Performing Loans (NPLs) and the foreclosure framework....

71. How Cyprus and Chevron found common ground

The resolution of the dispute between the Republic of Cyprus and Chevron Cyprus Limited, the operator of the Aphrodite field, appears largely satisfactory to both parties....

72. Crisis averted as Cyprus and Chevron reach compromise

The resolution of the dispute between the Republic of Cyprus and Chevron Cyprus Limited, the manager of the Aphrodite field, can be seen as a compromise satisfying both parties. ...

73. Government employment hits record high

In ongoing discussions about new hires and the 2024 budget in Parliament, the focus is on the remarkable increase in government employment, surpassing levels from 2012....

74. Critical battle looms as Parliament debates foreclosure legislation

Background consultations are in progress to prepare amendments to the legislative package on divestments, set for submission to the Parliament Plenary on Friday for a vote....

75. Foreclosure showdown escalates with parliament vote

The Greek government is set to present legislation in Parliament this Friday addressing borrower protection in relation to foreclosures....

76. Ecologists take on cat poisoning and feed container destruction

George Perdikis, the newly elected President of the Ecologist Movement, engaged in discussions with the Provincial Police Director on Monday, November 27, to address issues related to the management of complaints regarding cat feeding....

77. DAC6 revisited through the prism of DAC8

The Directive on Administration Cooperation (''DAC'') has been amended multiple times since 2011 to allow for the automatic exchange of information across multiple fields of taxation....

78. Police intel goes solo against organized crime

In a significant move, the Police Intelligence Service in Cyprus gains independence, breaking ties with the YKAN to focus on a broader spectrum of organized crime, including hooligans. ...

79. Can Aphrodite field consortium seal the deal?

In a recent update on the Aphrodite field development, the Ministry of Energy has granted a seven-day extension until November 27 for the consortium to finalize an agreement with the government on the field's development plan....

80. DIPA to slash red light ticket costs

For what is provided in the bill submitted before the Transport Committee of the House of Representatives to adjust the prices of fines from the fixed cameras, spoke to 'K,' the MP of DIPA, Marinos Mousiuttas....

81. Mandatory insurance for doctors to ensure accountability

In a move to address recent legal developments, the Democratic Rally (DISY) party in Cyprus has proposed a law requiring doctors to sign contracts with insurance companies and obtain licenses from the Pancyprian Medical Association....

82. Ministries unite to transform halloumi industry

There is a need for order, mainly regarding the conduct of inspections but also other issues related to the production and distribution of halloumi cheese, the Ministry of Commerce and the Ministry of Agriculture are trying, with George Papanastasiou and Petros Xenofontos agreeing that the management of all issues concerning the product, should be transferred to one and only ministry. And this was deemed necessary, since halloumi is now a protected designation of origin....

83. Russian depositor triumphs over Laiki bank's 2013 haircut

The Legal Service, on behalf of the Republic of Cyprus and the Central Bank of Cyprus (CBC), will appeal the decision of the Limassol District Court, which awarded compensation to a depositor of the former Laiki Bank for the 2013 deposit haircut, according to CNA....

84. Cyprus' certifiers clash over their official stamp

Tensions are escalating between the Ministry of Interior and certifying officials in the Republic of Cyprus, as a dispute erupts over uncontrolled certifications, misuse of the nation's coat of arms seal, alleged forgeries, undeclared income, and certifying officials who stand accused of rejecting complaints lodged against them....

85. Cabinet amends minimum guaranteed income and social benefits laws

The Council of Ministers in Cyprus has recently approved an amendment to the Minimum Guaranteed Income and Social Benefits Laws, signaling a significant change in the country's approach to residency requirements. ...

86. Government unveils €77 million housing policy to tackle housing crisis

Interior Minister Konstantinos Ioannou introduced the government's new housing policy. In his opening statement, Mr. Ioannou outlined a comprehensive plan involving multiple levels of actions and measures, which allocates €77 million over a five-year period for the implementation of specific initiatives....

87.  EU/UK nationals now registering at Citizens' Service Centers

In a unanimous decision by the Plenary Assembly, an amendment has been approved, granting Union citizens and certain United Kingdom nationals, along with their family members, the right to move and reside freely in the Republic of Law. ...

88. Righas Imports at the Cyprus Cocktail Festival 2023

The 4th Cyprus Cocktail Festival, part of the Digital Agenda Cyprus Summit, is delighted to announce the participation of Righas Imports with sugar cane straws in the festival. This event is scheduled to take place on October 17, 2023, at the Municipal Garden of Nicosia, starting at 19:00....

89. Supreme court rejects President's referendum on Turkish Cypriot properties

In a significant ruling, the Supreme Constitutional Court, in its new composition, rejected the President's third referendum on the amendment law passed by the Parliament concerning Turkish Cypriot properties and the powers of the 'Guardian.'...

90. Revolutionizing the management of multi-owner buildings in Cyprus

The proposed legislative changes, tabled in the parliament yesterday, seek to modify and enhance the existing framework for the management of common buildings....