https://knews.kathimerini.com.cy/en/news/reduced-excise-tax-on-fuel-extended-until-mid-january
The Cyprus government extended the reduced excise duties on fuel until 15 January 2023 on Friday, in a bid to alleviate the effects of soaring inflation fuelled by the war in Ukraine, with the Finance Minister calling on Households and businesses to save energy as fiscal measures cannot tackle the problem of price hikes in its entirety....
https://knews.kathimerini.com.cy/en/news/third-annual-comulis-conference-highlighted-correlative-imaging-methods
Following the successful COMULIS Conferences in Austria and Sweden, The Cyprus Institute (CyI) hosted the 3rd Annual Conference of the COMULIS COST Action (Correlated Multimodal Imaging in Life Sciences; https://www.comulis.eu),...
https://knews.kathimerini.com.cy/en/news/spain-gave-golden-visa-to-former-mexican-president-being-investigated-for-corruption
The Spanish authorities have finally confirmed that the former Mexican President Enrique Peña Nieto, who is being investigated by Mexico’s attorney general’s office for alleged money laundering, illicit enrichment, and illegal international transfers, is a legal resident of the country....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-a-cat-has-nine-lives-so-does-the-cyprus-property-market
Where is the Cyprus property market heading? I have been asked this question countless times over the past three months, primarily from foreign investors who are trying to appreciate how the rise in inflation, increase in interest rates, and war in Ukraine is affecting local market dynamics....
https://knews.kathimerini.com.cy/en/news/two-turkish-banks-suspend-russian-mir-payments-after-u-s-sanctions
Turkish lenders Isbank and Denizbank have suspended the use of the Russian payment system Mir, the banks said on Monday, following a U.S. crackdown on those accused of helping Moscow skirt sanctions over the war in Ukraine....
https://knews.kathimerini.com.cy/en/news/ft-the-bank-of-cyprus-lone-star-deal-is-not-just-about-price
Cyprus has attracted a different sort of visitor recently. US buyout group Lone Star has taken an interest in Bank of Cyprus, the island nation’s largest lender....
https://knews.kathimerini.com.cy/en/business/state-fair-site-to-become-innovation-zone
The Finance Ministry welcomed a decision by the Council of Ministers on Wednesday to establish an innovation zone and a business zone/exhibition space at the Cyprus International Fair site....
https://knews.kathimerini.com.cy/en/news/mario-nava-energy-can-strengthen-the-connection-between-the-two-communities
In an interview with Kathimerini, Mario Nava touches on a number of issues with regard to the Cyprus Problem, including how trade between the two communities is the only answer to smuggling, the progress in the implementation of the Halloumi case and the role of the EU in future Cyprus talks....
https://knews.kathimerini.com.cy/en/business/greek-governement-uses-citizens-to-report-tax-evaders
The Independent Authority for Public Revenue (AADE) is about to launch a new smartphone app in the coming days whereby citizens will be able to check whether the receipts they received are genuine....
https://knews.kathimerini.com.cy/en/news/eu-plans-to-cap-gas-prices-risking-cutoff-from-russia
The European Union proposed a price cap on Russian gas on Wednesday hours after President Vladimir Putin threatened to halt all supplies if they took such a step, raising the risk of rationing in some of the world’s richest countries this winter....
https://knews.kathimerini.com.cy/en/news/liz-truss-becomes-britain-new-pm-after-johnson-fallout
Liz Truss will become Britain's next prime minister after winning a leadership race for the governing Conservative Party on Monday, vowing to press ahead with promised tax cuts and action to tackle the deepening energy and cost of living crisis....
https://knews.kathimerini.com.cy/en/news/poland-spain-italy-are-a-favorite-for-working-migrants
The median age in the 27 European Union countries is projected to mark an increase of 4.5 years between 2019 and 2050 to reach 48.2 years....
https://knews.kathimerini.com.cy/en/news/us-warns-turkey-for-violating-sanctions-against-russia
The Biden administration has warned Turkish businesses not to do business with sanctioned Russian institutions and individuals, ramping up US pressure on a NATO ally that maintains strong ties to Russia during its invasion of Ukraine, the Wall Street Journal reported....
https://knews.kathimerini.com.cy/en/news/cyprus-gdp-up-by-6-1-during-second-quarter-of-2022
Cyprus recorded a positive GDP growth during the second quarter of 2022, according to a Flash Estimate announced on Wednesday by the Statistical Service of the Republic of Cyprus....
https://knews.kathimerini.com.cy/en/news/eu-states-facilitating-employment-of-third-country-nationals-to-ease-labor-shortage
The European Union’s population is aging. The factors behind this phenomenon are many, but the declining fertility rates and the increased life expectancy, along with migration to countries like the United States, the United Kingdom, Canada, and Australia, are the main ones....
https://knews.kathimerini.com.cy/en/news/increasing-electricity-costs-to-be-subsidized-by-the-government
A subsidy that will cover part of the increase in the price of electricity was hammered down during today's session by the Cabinet. As the Minister of Finance Constantinos Petridis stated, ...
https://knews.kathimerini.com.cy/en/news/sba-police-probe-corrupt-official-in-pizzo-case
A local man working for the Sovereign Base Areas in Cyprus is facing corruption charges, where he is being accused of receiving money from businesses in order to turn a blind eye on violations...
https://knews.kathimerini.com.cy/en/business/foreclosures-suspended-until-the-end-of-october-2022
The Cyprus Parliament on Thursday passed a bill suspending foreclosures until the end of October,...
https://knews.kathimerini.com.cy/en/business/nightmare-scenario-for-europe-as-russia-shuts-off-gas-pipeline
The main natural gas pipeline between Russia and Germany shut down for scheduled maintenance Monday, raising concerns that Moscow could use the repairs as a pretext for a longer shutdown as it wields energy supplies as leverage in the Ukraine war....
https://knews.kathimerini.com.cy/en/news/russia-defaults-on-foreign-debt-for-the-first-time-since-1918
Russia has defaulted on its foreign debt for the first time in more than a century as the country can't pay creditors due to sanctions over the war in Ukraine, according to media reports.
...
https://knews.kathimerini.com.cy/en/news/petrides-a-new-era-of-uncertainty
Uncertainty is the only certain thing in the new era we are entering, said Finance Minister Constantinos Petrides addressing the 14th Congress of the Free Trade Unions of Semi-Governmental Organizations (OHO-SEK)....
https://knews.kathimerini.com.cy/en/comment/opinion/op-ed-the-dilemmas-of-war-and-pandemic
Cyprus is a small country with a large export sector of services, which makes it vulnerable to its external environment. An external shock is felt faster and more intensely.
...
https://knews.kathimerini.com.cy/en/business/ey-announces-4-new-partners-in-cyprus-and-welcomes-new-head-of-consulting
EY Cyprus Country Managing Partner, Ronald Attard, has welcomed the announcement of 4 new partners to the Cyprus practice....
https://knews.kathimerini.com.cy/en/business/kpmg-and-cim-offer-two-scholarships
Corporate social responsibility and support to the community are both fundamental and guiding principles in KPMG Cyprus. ...
https://knews.kathimerini.com.cy/en/news/nicosia-in-waiting-game-for-lng-supply-and-distribution
In her speech in Davos on Tuesday in front of an audience of businessmen and political leaders, EC President Ursula von der Leyen appeared to put Cyprus on center stage for the supply of liquefied natural gas (LNG) for the European Union, announcing that "soon" LNG terminals will operate in Greece, Cyprus and Poland....
https://knews.kathimerini.com.cy/en/news/eu-official-calls-on-cyprus-to-implement-recovery-plan-or-lose-funding
A European Commission official on Monday urged the Cypriot authorities to proceed with the implementation of Cyprus’ National Recover and Resilience plan, warning that Cyprus risks losing EU funds in case of new delays....
https://knews.kathimerini.com.cy/en/news/petrides-things-will-be-difficult-in-the-coming-years
The government will continue supporting households, especially the vulnerable, amid rising inflation, Finance Minister Constantinos Petrides said, warning that tackling inflation is difficult due to its structural nature amid the Ukrainian crisis....
https://knews.kathimerini.com.cy/en/business/tax-incentives-for-businesses-looking-to-relocate-to-cyprus
The Cypriot government on Tuesday approved a bill with tax incentives aiming to attract talent and promote headquartering in Cyprus, in line with the Strategy for Attracting Businesses for Activities and/or Expansion of their Activities in Cyprus approved by the Council of Ministers in October 2021....
https://knews.kathimerini.com.cy/en/news/cyprus-will-request-ec-permission-to-implement-mortage-to-rent-scheme
Cypriot authorities plan to submit in June an official request to the European Commission for the implementation of a mortgage-to-rent scheme, aiming to address non-performing loans collateralized by primary residences and SME business premises with an estimated contractual value of €3 billion....
https://knews.kathimerini.com.cy/en/business/first-ever-publicly-financed-equity-fund-will-benefit-cyprus-startups
The Ministry of Finance has long been committed to introducing a financial instrument to support startups and innovative companies with equity financing, ...
