https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/news/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.
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https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/life/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....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/news/themis-themistocles-signals-potential-2024-interest-rate-cut
In their ''Year Ahead 2024'' forecast, analysts at Swiss financial giant UBS anticipate a slowdown in the strength of the US economy throughout 2023. ...
https://knews.kathimerini.com.cy/en/news/one-to-three-star-hotels-dominate-greece-s-accommodations
Three in four Greek hotels belong in lower categories of one to three stars, representing 50% of the country’s total capacity in terms of rooms, according to data from the Institute of Tourism Research and Forecasts (ITEP) of the Hellenic Chamber of Hotels....
https://knews.kathimerini.com.cy/en/business/makarios-avenue-struggles-to-fulfill-commercial-expectations
Two years after the official opening of Makarios Avenue (8 December 2021), the commercial success of the street has fallen short of expectations,...
https://knews.kathimerini.com.cy/en/comment/opinion/the-overtime-dilemma-–-george-vassiliou-s-proposal
Only a young John Kapodistrias, with his wit and cunning, can rescue this troubled land from the folly of officials and citizens....
https://knews.kathimerini.com.cy/en/news/arachova-faces-unrest-as-oliver-slaying-triggers-online-boycott
In the enchanting town of Arachova, situated at the base of Mount Parnassos, a distressing event has stirred waves of unease. The recent brutal killing and torture of an 8-year-old Husky named Oliver have prompted an online boycott targeting the winter resort....
https://knews.kathimerini.com.cy/en/news/cyprus-and-france-seal-the-deal-on-tax-cooperation
In a milestone development, Cyprus and France have solidified their commitment to combat double taxation through the signing of a renewed Convention on the Elimination of Double Taxation....
https://knews.kathimerini.com.cy/en/news/cyprus-france-convention-breaks-fiscal-barriers
In a strategic maneuver to bolster economic collaboration, Cyprus and France are gearing up to sign a pivotal Convention on Monday in the capital city of Nicosia....
https://knews.kathimerini.com.cy/en/news/how-locals-can-mitigate-the-risks-of-cyprus-new-citizenship-rules-to-attract-tech-talent
Cyprus's recent initiative to boost its technology sector by offering tax breaks and fast-track naturalization to third-party nationals is a strategic move that could significantly reshape its economy and society....
https://knews.kathimerini.com.cy/en/business/ktrends-survey-reveals-public-dissatisfaction-with-cyprus-government
In a recent economic survey conducted by ''Kathimerini,'' the fifth wave of ''Ktrends'' highlights notable trends in economic, household, and market dynamics for October 2023. ...
https://knews.kathimerini.com.cy/en/business/the-path-to-fighting-inflation-is-difficult
In an insightful dialogue about the economic landscape, Joachim Nagel, a prominent figure in the financial realm and a member of the ECB Governing Council, shares his perspectives on inflation, interest rates, and the challenges facing the European economy....
https://knews.kathimerini.com.cy/en/news/leroy-merlin-to-host-stray-dogs-under-christmas-trees
In a heartwarming display of compassion, Leroy Merlin, known for its animal-friendly initiatives, is making headlines again....
https://knews.kathimerini.com.cy/en/business/france-and-us-ink-deal-for-extended-four-year-visas
In a bid to strengthen economic ties and encourage cross-border business activities, France and the United States have recently inked a groundbreaking agreement allowing French citizens an extended four-year US visa. ...
https://knews.kathimerini.com.cy/en/business/how-artificial-intelligence-is-changing-cyprus
The 8th Innovation and Entrepreneurship Forum, focusing on ''AI & Business: creating value, minimizing risks,'' held at the University of Cyprus on Tuesday (28/11), delved into the impact of artificial intelligence (AI) on business. ...
https://knews.kathimerini.com.cy/en/news/cafe-in-paphos-allows-prepayment-for-meals-for-those-in-need
In the heart of Paphos, Cyprus, another dining establishment is making waves for its compassionate initiative....
https://knews.kathimerini.com.cy/en/news/south-korea-breaks-with-tradition-announcing-plans-to-ban-dog-meat-consumption
South Korea is set to ban eating dogs by 2027, according to the policy chief of the ruling People Power Party, Yu Eui-dong. At a meeting with government officials and animal rights activists, ...
https://knews.kathimerini.com.cy/en/business/lackluster-sales-show-consumer-hesitation-and-vigilance
From 9 in the morning, several stores opened their doors for Black Friday, primarily in the field of electrical and electronic devices, but the traffic is at low levels and certainly not comparable to previous years....
https://knews.kathimerini.com.cy/en/business/larnaka-based-marketing-agency-ranked-in-top-4-digital-advertising-teams-in-the-world-for-2023
The Obsidian Co. is positioning Cyprus on the global stage, securing a spot in the top 4 finalists in The Drum Awards 2023's ''Agency Team of the Year'', solidifying its status among the world's best digital advertising agencies....
https://knews.kathimerini.com.cy/en/business/navigating-black-friday-discounts-vs-reality
Discounts of a few euros, or even cents, are being advertised by electronics and appliance companies in anticipation of Black Friday. However, market activity does not seem to meet the expected levels for the Black Friday period, and it is certainly considerably lower compared to the peak observed in 2018 and 2019....
https://knews.kathimerini.com.cy/en/business/major-players-unveil-ambitious-plans-for-shopping-malls-in-limassol
After Nicosia, the competition among shopping centers is shifting to the market in Limassol. The focus of the two strong players in the capital, Nicosia Mall (owned by Zorpa Group, PHC Group, Athienitis Group, and VLM Group) and Atterbury Europe (Mall of Cyprus), is set on their next investments in Limassol....
https://knews.kathimerini.com.cy/en/business/nicosia-s-one-stop-shop-sparks-green-line-trade-revolution
The European Commission has taken a significant step in facilitating cross-border trade with the introduction of the EU One Stop Shop (EU OSS) for Green Line trade, located in the vibrant city of Nicosia....
