https://knews.kathimerini.com.cy/en/news/more-people-choose-bankruptcy-to-get-a-second-chance
Bankruptcy applications, based on Law 4818/2021, are coming thick and fast from individuals with or without commercial activity, as they are unable to repay their debts to banks and insurance funds....
https://knews.kathimerini.com.cy/en/news/pega-s-amendment-games
The debate on Cyprus will turn into a game of balances and... amendments in relation to the draft report of the European Parliament's Committee of Inquiry into Surveillance Software (PEGA), ...
https://knews.kathimerini.com.cy/en/news/north-buys-car-ferry-in-new-trade-tourism-bid
Turkish Cypriots have reportedly bought a Ro-Ro ship that will sail between the island’s northern coast and southern Turkey, as new avenues are being sought to boost tourism and transport...
https://knews.kathimerini.com.cy/en/news/cyprus-aims-for-higher-targets-in-green-energy
In 2022, renewable energy sources now make up a larger percentage of total energy consumption. ...
https://knews.kathimerini.com.cy/en/business/1-michael-kyprianou-co-llc-–-new-partner-announcement-constantina-zantira
New partner announcement: Constantina Zantira...
https://knews.kathimerini.com.cy/en/business/dispute-resolution-services-a-more-cost-effective-way-to-resolve-issues
Going to court to resolve a dispute between a consumer and a business is not always necessary. There are alternatives that are less time-consuming and less expensive than legal action and can provide very effective solutions. ...
https://knews.kathimerini.com.cy/en/comment/opinion/looking-ahead-to-2023-house-prices-in-cyprus
The end of 2021 saw Europe’s and Cyprus’ economies gradually recovering from the two-year rollercoaster ride of lockdowns, the stock market at record highs, and inflation increasing....
https://knews.kathimerini.com.cy/en/news/cyprus-russian-ukrainian-team-head-to-antarctica
Two Limassol residents, a man from Ukraine and a woman from Russia, are flying to the earth’s southernmost town, where they will embark on a mission to Antarctica to plant their flag on New Year's Day...
https://knews.kathimerini.com.cy/en/news/electricity-subsidies-extended-to-february-2023
The Council of Ministers met yesterday under the chairmanship of the President of the Republic Mr. Nicos Anastasiades and approved the extension for two additional months of the measure concerning the subsidy by the State of part of the cost of electricity consumption...
https://knews.kathimerini.com.cy/en/business/what-did-cypriot-consumers-purchase-in-2022
Cashless transactions have significantly increased since businesses are now required to accept credit or debit cards. Card payments now account for approximately 72% of all commercial transactions, rather than cash. ...
https://knews.kathimerini.com.cy/en/news/uk-pledges-support-in-cyprus-maritime-sector
British High Commissioner to Cyprus, Irfan Siddiq expressed his country’s readiness to deepen its cooperation with Cyprus in the maritime and marine sectors.
...
https://knews.kathimerini.com.cy/en/business/cyprus-retail-sector-continues-climb-despite-inflation
Black Friday, with its high levels of traffic and shopping, appears to have given way to the Christmas holiday season. The market is still moving well, with increased foot traffic in shopping malls and main streets....
https://knews.kathimerini.com.cy/en/news/more-than-€1-5-million-in-cash-seized-from-kaili-panzeri
More than €1.5 million in cash was seized from the homes of Eva Kaili and former MEP Pierre Antonio Panzeri in Brussels, according to Belgian police....
https://knews.kathimerini.com.cy/en/news/eu-lawmaker-denies-taking-bribes-from-qatar
European Parliament Vice President Eva Kaili, a suspect in an investigation into money laundering and corruption at the parliament, has denied receiving money from Qatar, one of her lawyers said in Greece on Tuesday...
https://knews.kathimerini.com.cy/en/news/shipping-tycoon-wants-to-transfer-biz-to-cyprus
A Norwegian-born Cypriot billionaire wants to move his shipping company to Cyprus to reap benefits, including an EU-approved tonnage tax regime available only to tax residents of the island, which is scrambling to keep its industry afloat amid sanctions against Russia...
https://knews.kathimerini.com.cy/en/business/the-expansion-of-the-digital-economy-and-the-upcoming-exchange-of-information-and-tax-transparency-regimes
The exchange of information has been widely considered as a one of the most effective measures in tackling tax evasion and protecting the integrity of tax systems. ...
https://knews.kathimerini.com.cy/en/news/fisher-backs-federal-model-in-cyprus-peace-talks
I will use the full weight of my office to support Cypriot-led, UN-facilitated efforts to reunify Cyprus as a bizonal, bicommunal federation with political equality for all Cypriots candidate for the position of the US Ambassador to Cyprus, Julie Fisher, has assured...
https://knews.kathimerini.com.cy/en/news/government-owed-€16-2m-from-ineligible-first-time-home-buyers
More than 270 people who benefited from the reduced rate of 5% VAT for first-time home buyers, have been found to be ineligible, following checks carried out throughout Cyprus by the Tax Department, and should be charged 19% VAT, totaling €16.2 million announced on Wednesday the Minister of Finance, Constantinos Petrides, after the Council of Ministers. He also announced on-site checks on other categories of taxpayers and types of taxes....
https://knews.kathimerini.com.cy/en/news/lawyers-in-cyprus-oppose-backlog-regulations
Lawyers in the Republic Cyprus are planning a demonstration against regulations aimed at expediting backlogged court cases, amid efforts by the state to speed up one of the world’s slowest administration of justice...
https://knews.kathimerini.com.cy/en/business/black-friday-see-how-the-annual-shopping-event-is-shaping-up-photos
On Thursday afternoon, sales began to increase significantly, particularly in shopping centers that benefited from favorable weather conditions, however, as of Friday morning, traffic appears to be somewhat subdued, at least in comparison to the corresponding images from 2019....
https://knews.kathimerini.com.cy/en/news/14-billion-euros of-loans-on-ice-due-to-the-suspension-of-foreclosure-sales
In Cyprus, credit purchasing companies manage over 80,000 loans totaling €20 billion....
https://knews.kathimerini.com.cy/en/business/more-routes-and-airline-seats-for-the-winter
The announcements by Ryanair in the morning and Wizz Air on Monday afternoon to increase the fleet at Cypriot airports and add new routes clearly pleased Hermes Airports and the tourism industry in general,...
https://knews.kathimerini.com.cy/en/news/the-consequences-of-continuing-foreclosure-suspensions
Lambros Papadopoulos, President of the state-owned asset management company, KEDIPES, warned on Tuesday that the continued suspension of foreclosures will negatively affect the company’s revenue from non-performing loans (NPLs) management resulting in a reduced repayment of state aid....
https://knews.kathimerini.com.cy/en/business/ryanair-adds-five-new-destinations-and-a-fourth-aircraft-to-its-fleet-in-cyprus
Ryanair has announced its busiest summer schedule in Cyprus, with 41 routes from Paphos to destinations including Naples and Toulouse....
https://knews.kathimerini.com.cy/en/business/raising-the-black-friday-bar
This year's Black Friday is expected to be much stronger and more appealing to consumers than last year's Black Friday. Following the tepid and disappointing performance of 2021, market participants believe this is the case. ...
https://knews.kathimerini.com.cy/en/news/finance-minister-calls-for-the-repeal-of-foreclosure-suspension
The Ministry of Finance proposes delaying the law on divestiture suspension.
...
https://knews.kathimerini.com.cy/en/business/consumer-protection-laws-offers-that-are-real-offers
Ms. Elena Papachristoforou, a consumer service and protection officer, explained the legal framework in consumer protection and the impact of the new amendments on consumers and traders on the radio show "News Release" on SPOR FM 95.0....
https://knews.kathimerini.com.cy/en/business/looking-for-a-strategy-to-suspend-foreclosure-sales
To protect vulnerable borrowers and stop the economy from being impacted by decisions that could harm its integrity, a strategy for the new potential three-month suspension of foreclosure sales is being sought.
...
https://knews.kathimerini.com.cy/en/business/13-billion-bcm-of-natural-gas-discovered-off-israel-s-shore
Energean PLC has announced a new commercial natural gas discovery of 13 billion cubic meters off the shore of Israel as a result of its exploratory drilling of the well dubbed Zeus-1. It has also confirmed the presence of an additional 3.75 bcm at its Athena site....
https://knews.kathimerini.com.cy/en/news/€20-000-up-for-grabs-at-the-first-hackadtech-hackathon-in-cyprus
AdTech Holding, the Cyprus-based international lab, focused on creating startup ecosystems and innovations for AdTech and MarTech projects, informs that it’s hosting the first Open HackAdTech Hackathon, in Limassol....
