Search

61. Ministry's bold steps for energy renovation unveiled

The Ministry of Energy, Commerce and Industry proceeds with the preparation of standard procedures for the announcement and implementation of energy renovation projects....

62. Businesses fear global tax reform will lead to double taxation

Global tax reform, ineffective use of technology and economic uncertainty are putting significant strain on business’ transfer pricing (TP) capabilities, according to the 2024 EY International Tax and Transfer Pricing Survey....

63. Cypriot society: A landscape where pizzas outpace police

We live in a society where pizzas arrive faster than the police, once remarked French director Claude Chabrol, and I fear this holds particularly true in the case of our state. Unfortunately, unlike the Cypriot Police, the Cypriot underworld operates like a Swiss watch....

64. Businesses receive €14 million in pandemic blunder

In an inadvertent error, support payments totaling EUR 13.82 million were extended to 152 cases, failing to meet subsidy criteria under the Plan's terms and conditions. ...

65. Putin's move puts UK fish and chips at risk

In a potential crisis for fish and chip enthusiasts, Vladimir Putin's Russian government contemplates scrapping a long-standing agreement with the UK, raising concerns of food weaponization....

66. Cyprus backs UN resolution condemning Houthi attacks on Red Sea shipping

The Cypriot registry seems to remain unaffected for the time being by the latest developments in the Red Sea......

67. How the consumer pocket faces a perfect economic storm

The uncertainty and the intense upheavals in the global supply chain continue....

68. Platres' historical tapestry unfurls with new Open Museum

In the next few months, the completion of the Open Museum of Platres is expected. In an interview with ''K,'' Platres Mayor Panagiotis Papadopoulos disclosed that work has commenced on the exhibition space, serving as the starting point for a historical walk through Platres....

69. Big news! New EU data rules give you more control

In a significant development, the European Union's Data Act officially came into force today, ushering in a new era for data access and privacy in the EU market. ...

70. Dr. Anastasatos forecasts bright future for Cyprus economy

Eurobank group's chief economist, Dr Tasos Anastasatos, expresses optimism about the Cyprus economy, emphasizing that the decision to expand the group's banking presence in Cyprus is linked to these positive economic prospects....

71. Houthi strikes send prices soaring in global trade

In recent weeks, the developments in the Red Sea, with the Houthi attacks on commercial ships and their impact on global trade, have dominated the discussions of suppliers with their partners....

72. Companies grapple with soaring fines amidst regulatory confusion

There's a significant issue with hefty fines hitting companies hard – we're talking about a daily hit of €100. The crux of the matter lies in a bureaucratic mix-up regarding the accurate records of company ownership, managed by the Company Registrar....

73. EY Cyprus releases the Cyprus Tax Facts Guide 2024

EY Cyprus is delighted to announce the release of the latest edition of the Cyprus Tax Facts guide for the year 2024....

74. Trimiklini businessman traps officials and police in illegal fish farm raid

A Trimiklini businessman allegedly diverted water from the Kouris River to illegal fish farms, according to an Audit Office report. On September 19, 2023, he verbally abused, assaulted, and trapped Fisheries Department officials who came to inspect his facilities....

75. Deloitte’s Tax Facts 2024

76. Christodoulides' strong message: Ignore sirens, focus on governance

The swearing-in and assumption of duties of the new ministers and officials of the government took place today (10/01), at the Presidential Palace....

77. South Korea bans dog meat in landmark legislation that ends centuries-old practice

South Korea's parliament passed a bill on Tuesday to ban the eating and selling of dog meat, a move that will end the controversial centuries-old practice amid growing support for animal welfare....

78. Cyprus and UK businesses join forces in new strategic partnership

The Cyprus Organization for Standardization and the Great Britain-Cyprus Business Association (GBCY) have announced a new strategic collaboration....

79. Cyprus tax reform targets green initiatives and economic revitalization

By March 2024, the initial six phases of the tax transformation project commissioned by the Ministry of Finance to the Centre for Economic Research of the University of Cyprus will conclude,...

80. Trump-linked companies receive $7.8M from 20 governments

In a groundbreaking report released yesterday by Democratic lawmakers, a comprehensive 156-page document titled "White House for Sale: How Princes, Prime Ministers, and Premiers Paid Off President Trump" has brought to light a complex web of financial transactions....

81. EU implements new VAT transparency rules targeting e-commerce fraud

The EU’s new transparency rules against Value-Added Tax (VAT) fraud have come into effect starting on January 1st, the European Commission has announced....

82. Are seasonal sellers really hot or cold?

Stephanos Koursaris, the Secretary-General of the Pancyprian Organization of Craftsmen, Professionals, and Shopkeepers (POVEK), spoke on 'SPOR FM 95.0' and the show 'DIASPORA NEWS' about the movement of markets during the holidays and the discounts. ...

83. Cyprus grapples with lingering private debt woes

In Cyprus, the European Commission consistently highlights the significant economic challenge of private debt through regular post-program or post-memorandum reports....

84. Deputy PM and MP deny explosive bribery claims

In a shocking turn of events, a bribery scandal has erupted in the Turkish Cypriot government, implicating the deputy prime minister and a board member of the development bank....

85. The best Christmas window displays unveiled

The Limassol Municipality has unveiled the winners of its annual Christmas window decoration competition, spotlighting businesses located within the city's boundaries....

86. PwC Cyprus hosts informative CESOP event on new VAT reporting obligation

PwC Cyprus successfully organized a pivotal event entitled ''A New Reporting Obligation on VAT'' at its state-of-the-art experience centre on Monday, 18 December 2023....

87. Divisions in Cyprus amplify fact-checking challenges

Cyprus, an ethnically divided island in the Mediterranean, is like any other nation: It’s been hit by a wave of misinformation, and residents are trying to keep up....

88. Businesses to cut greenhouse gas targets by 10%

Businesses revise climate targets as reality of long-term sustainability transformation hits. Sustainability progress plateaus as short-term pressures and external forces hit CSO agenda....

89. CBC warns of non-performing loan surge amid economic challenges

The Central Bank of Cyprus (CBC) issued a warning on Monday, cautioning about the potential influx of non-performing loans (NPLs) driven by high-interest rates and inflation, which are impacting households' disposable income and businesses' profitability....

90. Workforce crisis grips Cyprus as 12,000 job vacancies surge

In the hotel, catering, and retail sectors, an estimated 12 thousand personnel needs have prompted relevant professional associations to jointly appeal to the Ministry of Labour, seeking simplified procedures for hiring staff from third countries....