https://knews.kathimerini.com.cy/en/news/cabinet-approves-tax-deductions-for-businesses-and-extends-tax-payment-deadline
The Cabinet approved several important measures on Wednesday, including a bill on tax rebates for businesses for energy upgrades, an extension of the tax payment deadline, and a suspension of the obligation to file tax returns for individuals with a taxable income below €19,500....
https://knews.kathimerini.com.cy/en/news/an-effective-foreclosure-framework-is-important-says-finmin
An effective and functional foreclosure framework is crucial for encouraging borrowers to restructure their debt, due to the high stock of non-performing loans (NPLs), the Cyprus Ministry of Finance said in a press release on Tuesday....
https://knews.kathimerini.com.cy/en/news/menendez-wants-change-from-turkey-before-f-16-approval
A senior US senator who has long opposed the potential sale of F-16 fighter jets to Turkey said on Tuesday he wants Turkish President Tayyip Erdogan to take a 'less belligerent stance toward NATO allies and Turkey’s neighbors before lifting his opposition to the deal...
https://knews.kathimerini.com.cy/en/news/cyprus-sees-decline-in-total-deposits-and-loans
Total deposits in April 2023 recorded a net decrease of €173.3 million, compared with a net increase of €59.8 million in March 2023, the Central Bank of Cyprus said in a press release....
https://knews.kathimerini.com.cy/en/comment/opinion/corruption-on-the-island-of-saints
The millions - some say billions - that we lost as a state due to the corruption of various officials are not enough. Now we will have to pay additional funds to bring in "esteemed legal experts" from abroad - specifically from Great Britain - to assist in the investigations. Clearly, we are rapidly heading back to an era where corruption was limited, somewhere around 1950....
https://knews.kathimerini.com.cy/en/news/unleashing-potential-through-a-revised-recovery-plan
The Directorate General for Growth, in collaboration with all stakeholders, is currently preparing Cyprus' revised Recovery and Resilience Plan....
https://knews.kathimerini.com.cy/en/business/divestments-trigger-a-risk-of-backlash-in-the-recovery-fund
As Cyprus races against time to secure €1.1 billion in grants and loans from the Recovery Fund (NextGenerationEU) by June 2026, a new challenge arises. ...
https://knews.kathimerini.com.cy/en/news/usa-child-labor-seen-as-solution-to-labor-shortage
Lawmakers in several states, predominantly Republicans, are pushing for legislation that would relax labor laws for children, allowing them to work in more hazardous occupations, longer hours on school nights...
https://knews.kathimerini.com.cy/en/news/cyprus-resolute-on-natural-gas-plans-despite-geopolitical-reactions
Minister of Energy, George Papanastasiou, affirmed Cyprus' commitment to proceed with its plans for transporting natural gas from the region, both for domestic electricity generation and for liquefied natural gas (LNG) exports, despite geopolitical reactions....
https://knews.kathimerini.com.cy/en/comment/opinion/the-theatrical-hypocrisy-of-passing-the-e-kalathi-bill
In early March, during the Commerce Committee meeting, the first one attended by the current Minister of Energy, the committee chairman, along with all the members, to be fair, urgently requested the government to submit a bill....
https://knews.kathimerini.com.cy/en/news/canada-and-saudi-arabia-restore-diplomatic-ties-after-6-years
Canada and Saudi Arabia have agreed to restore full diplomatic ties and appoint new ambassadors, both countries said on Wednesday, bringing to a close a 2018 dispute that damaged relations and trade....
https://knews.kathimerini.com.cy/en/news/inferno-engulfs-sydney-building-near-central-station
An “apocalyptic” blaze engulfed a building near Central Station in Sydney on Thursday afternoon, sending a massive plume of smoke into the air and causing parts of the building to collapse....
https://knews.kathimerini.com.cy/en/news/cyprus-exits-enhanced-surveillance-ten-years-after-financial-crisis
Ten years after the financial crisis Cyprus has exited the European Commission’s excessive imbalances procedure (EIP), on the basis of EU documents issued under the spring package of the 2023 European Semester...
https://knews.kathimerini.com.cy/en/business/the-controversial-e-kalathi-bill-house-and-stakeholders-remain-unconvinced
The e-kalathi bill fails to convince the House and stakeholders. Yesterday, the Commerce Committee of the House of Representatives held discussions on the matter, with Minister of Energy, Commerce, and Industry George Papanastasiou present....
https://knews.kathimerini.com.cy/en/news/gigantic-heap-of-unused-clothing-seen-from-space
A giant dump of unused fast fashion clothing in Chile's Atacama Desert is now clearly visible to satellites....
https://knews.kathimerini.com.cy/en/news/cracking-down-on-conversion-therapies-parties-positions-and-ethical-concerns-unveiled
Based on the voting patterns of the AKEL and DISY parliamentary groups thus far, it appears that the proposed law criminalizing "conversion therapies" will be presented to the Parliament's plenary session on Thursday, May 25th....
https://knews.kathimerini.com.cy/en/news/cyprus-cancer-research-institute-scientific-bridge-between-europe-and-cyprus
An important project for science and humanity was inaugurated on Monday, May 22, at the University of Cyprus campus, the "Nicola David – Pinedo Building" of the Cyprus Cancer Research Institute (CCRI), made possible thanks to the donation of Georgios and Kaiti David in memory of their daughter Nikola, who passed away in 2016 due to cancer....
https://knews.kathimerini.com.cy/en/business/e-kalathi-bill-presented-to-parliament
The discussion on the e-kalathi bill commences today at the Commerce Committee of the House of Representatives. This bill introduces a digital tool designed to display product prices, aiming to support the Consumer Protection Agency's efforts in monitoring the market and better protect consumer interests....
https://knews.kathimerini.com.cy/en/news/in-search-of-an-energy-strategy
After President Christodoulides' visit to Israel and his meeting with Netanyahu, two key issues have emerged regarding Nicosia's energy strategy:...
https://knews.kathimerini.com.cy/en/news/spain-harnesses-renewable-energy-to-fuel-the-entire-country-s-needs-for-9-hours-straight
Spain is among a handful of countries leading the world in the push toward renewable energy. And last week it reached a new milestone....
https://knews.kathimerini.com.cy/en/news/kyriakides-our-goal-now-medicines-for-all
"I have always envisioned a European Health Union, where the European Union would be intimately connected to every citizen regarding health matters....
https://knews.kathimerini.com.cy/en/news/meta-slammed-with-record-€1-2-billion-fine-over-user-data-handling
Meta was hit with a record 1.2 billion euro ($1.3 billion) fine by its lead privacy regulator in the European Union for its handling of user information and given five months to stop transferring users’ data to the United States....
https://knews.kathimerini.com.cy/en/comment/opinion/restoring-a-wounded-reputation
Last March, a publication by the Financial Times revealed the move of three shareholders of PWC Cyprus to resign from the audit firm and establish the company Kiteserve. ...
https://knews.kathimerini.com.cy/en/news/henry-kissinger-warns-of-looming-peril-u-s-china-tensions-and-the-ai-arms-race
U.S.-China tensions have been called a repeat of Cold War-era dynamics. But a more apt comparison may be the years preceding World War I when much of Europe was sitting on a powder keg of hostilities and overlapping territorial claims that required only two bullets to ignite. ...
https://knews.kathimerini.com.cy/en/news/cabinet-decides-to-take-away-jho-low-s-passport
The President’s Cabinet in the Republic of Cyprus decided on Thursday to revoke Jho Low’s Cypriot citizenship after gathering information from Interpol to argue against the Malaysian financier’s appeal to keep his citizenship...
https://knews.kathimerini.com.cy/en/news/new-york-city-could-be-sinking
From the Financial District’s sky-high centers of economic power to the pricey pads that rise above Billionaires’ Row, the great volume of towering buildings is part of what gives New York City its identity. But according to new research cited by the New York Post, the weight of those same buildings that give the Big Apple its soaring sense of bravado could contribute to the city's sinking....
https://knews.kathimerini.com.cy/en/business/energean-unveils-ambitious-plans-for-israeli-gas-exploitation
Energean announced on Thursday that by September 2023 it will submit to the Israeli government for approval a comprehensive program for the exploitation of the deposits of the "Olympus Area" of the Israeli Exclusive Economic Zone, so as to begin its implementation in early 2024....
https://knews.kathimerini.com.cy/en/news/deutsche-bank-agrees-to-$75m-settlement-in-epstein-abuse-lawsuit
Deutsche Bank AG has agreed to pay $75 million to settle a lawsuit by women who say they were abused by the late financier Jeffrey Epstein and accused the German bank of facilitating his sex trafficking....
https://knews.kathimerini.com.cy/en/news/as-greek-elections-loom-parties-vie-for-votes-of-‘lost-generation
Politicians vying for votes in Greece’s election on Sunday have turned to YouTube and TikTok to win over a younger generation who have long felt that years of crises have cost them their youth...
https://knews.kathimerini.com.cy/en/business/ai-warning-urgent-government-intervention-needed-says-openai-ceo
Tech companies are in danger of unleashing a rogue artificial intelligence that will cause “significant harm to the world” without urgent intervention by governments, the creator of ChatGPT has admitted....
