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481.  Tornado strikes Limassol, leaves trail of destruction

In the early hours of Wednesday, February 14th, shocking videos surfaced on social media, capturing the terrifying sight of a tornado ripping through the tranquil streets of Limassol. ...

482. Minors confess to vandalism, parents clash with authorities

Two 16-year-old minors vandalized storefronts along Acropolis Avenue in the early hours of Wednesday (08/02), causing significant damage to the businesses involved....

483. Cabinet moves forward with plan to support Cyprus entrepreneurs

Cyprus is gearing to set up a National Development Organisation which coupled with the Cyprus Equity Fund will promote entrepreneurship by covering financing gaps for small and medium-sized enterprises and start-ups, Minister of Finance Makis Keravnos said on Wednesday....

484. Government to receive €1.2B for green transition and resilience plan

Cyprus is set to receive a total of 1.2 billion euros from the Recovery and Resilience Plan (RRP). ...

485. Energy Minister deliberates potential 6% electricity bill increases

The Energy Minister, George Papanastasiou, addressed concerns about potential electricity bill hikes arising from the EAC's request to CERA to recover 6% of its 2024 expenses....

486. Tenants urge Parliament for fairness amid €150 to €2,800 spikes

The Professional Committee for the Management of Turkish Cypriot Properties in Limassol has reported significant rent hikes for commercial assets....

487. CERA proposes reduced electricity increases amidst parliamentary discussion

The head of Regulatory Energy Cyprus (Cera), Andreas Poulikkas, briefed the Parliament's Finance Committee on the latest proposals submitted by the Electricity Authority of Cyprus (EAC) for review. ...

488. Nicosia's boutique hotel scene flourishes amid tourism surge

Seeking accommodation in a hotel in Nicosia for February, the search yields 22 options. Narrowing the search by distance from the city center results in fewer choices, yet still satisfactory. Twelve boutique units, primarily small boutique hotels, emerge from the search on booking.com....

489. Businesses can now register for renewable energy funding programs

Businesses interested in participating in grant schemes to encourage the use of Renewable Energy Sources (RES) and Energy Efficiency (EE) are now able to register, according to the Management Committee of the Renewable Energy Sources (RES) and Energy Saving (EE) Fund....

490. Chamber of Commerce exposes government's failure on buffer zone unfairness

The Cyprus Chamber of Commerce and Industry (CCCI) approaches the issue of expanding the list of products falling under the Green Line Regulation......

491. 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....

492. 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....

493. 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....

494. 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. ...

495. 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....

496. 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......

497. How the consumer pocket faces a perfect economic storm

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

498. 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....

499. 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. ...

500. 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....

501. 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....

502. 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....

503. 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....

504. 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....

505. Deloitte’s Tax Facts 2024

506. 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....

507. 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....

508. 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....

509. 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,...

510. 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....