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31. Cyprus ends fuel tax break, prices set to spike from April 1st

Starting April 1st, the reduced consumption tax on fuels (95-octane gasoline and diesel) will come to an end, reverting to 8.3 cents per liter for gasoline and 6.3 cents per liter for heating oil....

32. Nike replaces Adidas as sponsor for German National Football team

Nike has secured a landmark sponsorship deal with the German national football team, ousting Adidas from a partnership that has endured for over half a century, signaling a significant blow to the latter's brand....

33. Understaffing woes grip Cyprus' Shipping Deputy Ministry

Cyprus' public sector, particularly the Ministry of Shipping, continues to grapple with significant understaffing issues, raising concerns about operational effectiveness....

34. Amalthea talks gather more than 40 nations for Gaza route

Minister of Foreign Affairs, Constantinos Kombos, announced that representatives from over 40 countries will meet in Cyprus on March 21st to discuss the operational coordination......

35. Cyprus and EU allies forge €7.4B deal with Egypt to transform energy landscape

European Union and Egyptian leaders joined forces on Sunday to sign a substantial €7.4 billion financial package aimed at bolstering Egypt's economy, enhancing energy trade with Europe, and addressing irregular migrant flows....

36. Filipino seafarers return home after surviving Yemen missile attack

Eleven Filipino seafarers finally reached the shores of the Philippines on Tuesday, nearly a week after enduring a harrowing missile attack by Houthi rebels off the coast of Yemen....

37. Cyprus: A beacon of hope in the Middle East crisis

Cyprus is playing a pivotal role in Western efforts to deal with the crisis in the Middle East; its added value stems not from its military power, but rather from its geographic location, its membership in the European Union, and its excellent relations with all the regional actors....

38. Government mulls UAE-led takeover of Daily Telegraph

In a pivotal moment for British media, the government is deliberating the approval of a UAE-led takeover of the Daily Telegraph, eliciting widespread objections from politicians, journalists, ...

39. One in four students in Cyprus have been bullyed

In Cyprus, a troubling rise in bullying is highlighted as a quarter of students admit to being victims, both in physical and online contexts, according to a statement by the "Hope for Children" CRC Policy Center....

40. KEDIPES preps for major loan sell-off, boosting Cyprus banks

In a strategic move to streamline its assets, KEDIPES is gearing up to offload a second batch of performing loans, hot on the heels of its €58 million deal with the Bank of Cyprus....

41. Australia and Cyprus embrace renewable energy collaboration

In a recent interview with GOLD magazine, Fiona McKergow, the Australian High Commissioner to Cyprus, sheds light on the burgeoning connections between the two nations....

42. President Christodoulides stands firm on peace plan

President Nikos Christodoulides vowed that he will not put before the citizens a peace plan for the Cyprus issue with which he does not agree and expressed once again his readiness to enter into reunification talks based on the agreed framework. ...

43. US senators allow F-16 sale to Turkey despite concerns

US senators declined on Thursday to block the sale of F-16s to Turkey, despite voicing deep disdain for Turkey’s conduct as an ally. They were upholding an unofficial bargain that Turks would get the fighter jets if they stopped blocking Sweden’s accession to NATO....

44. Cyprus and Greece forge alliance against potato fraud

Agriculture Minister Maria Panayiotou has requested the assistance of the Greek authorities to address the issue of potatoes from different countries being sold as Cypriot potatoes......

45. CEOs globally forecast increase in revenues, profits and deal making in 2024, as business transformation moves up the agenda

CEOs are optimistic about their ability to drive revenue growth and profitability in 2024 despite global economic headwinds, according to the latest EY CEO Outlook Pulse survey....

46. Pillar two readiness and technology

As per our previous publications and alerts, we had the opportunity to communicate a significant development - the introduction of BEPS 2.0 Pillar Two or Global Minimum Tax. The European Union unanimously adopted a directive in December 2022 (the ''Minimum Tax Directive''). ...

47. Government faces backlash over officials' salary surge

In a significant move, a deal signed on July 28, 2017, not only marked the revival of the institution but also propelled the salaries of officials to new heights. ...

48. European Parliament honors Navalny amidst food inflation

The European Parliament will commemorate the life of Russian activist Alexei Navalny, featuring an address by his wife, Yulia Navalnaya, in its plenary session this week in Strasbourg......

49. Germany legalizes limited cannabis use, joining global trend

Germany passed a law on Friday legalizing the cultivation and possession of limited amounts of cannabis, joining a small group of countries and jurisdictions that have taken similar steps....

50. Greece to bring in 40,000 workers from six countries

Prime Minister Kyriakos Mitsotakis announced on Thursday that Greece is on the cusp of a migration agreement with India to bring in unskilled and skilled workers to the country to be employed in the agricultural, construction and tourism sectors....

51. Asylum appeals in Cyprus skyrocket to 472%

A dramatic increase of 472% in appeals before the Administrative Court of International Protection by asylum seekers and foreigners has been reported between 2020 and 2023,...

52. EY seminar explores green tax impact on businesses

EY Cyprus Academy of Learning and Development Organized a Seminar on Sustainability and Green Taxes Affecting Business – As – Usual: The EU Role of Cyprus. ...

53. Norwegian LNG fueling India's energy future starting 2026

In a strategic move echoing India's green ambitions, Deepak Fertilisers has joined forces with Norwegian giant Equinor to secure a 15-year supply of liquefied natural gas (LNG)....

54. Minister Kombos to support 13th Russian sanctions package

Cyprus supports the 13th package of sanctions against Russia, Foreign Minister Constantinos Kombos said during the Foreign Affairs Council in Brussels on Monday....

55. Trump fined $354.9 million in New York civil fraud trial

Former US President Donald Trump faces a hefty fine of $354.9 million (£281.6 million) following a civil fraud trial in New York. Including interest, he must pay at least $453.5 million (£359.9 million). ...

56. Tech execs return $3,500 Apple Vision Pro because of comfort complaints

Some early adopters of Apple's much-anticipated Vision Pro mixed reality goggles are already parting ways with the $3,500 device, citing discomfort, usability issues, and even motion sickness....

57. Cyprus development expenditure: 2023 surpasses €1B

The realization of state budget development expenditure in 2023 reached 72% compared to 70% in 2022 and the average of 69% over the last decade, according to a Treasury report released on Wednesday....

58. FT: Estonia PM on Russia's wanted list

59. US Senate approves $95.3B aid package for Ukraine, Israel, and Taiwan

The Senate approved a $95.3 billion aid package for Ukraine, Israel, and Taiwan early Tuesday, overcoming resistance from a group of Republicans who argued that the U.S. should prioritize domestic issues. The vote, passing 70-29, came after a night of debate....

60. Investigation urged as state contracts lead to €6.4M payout

In a recent address, Deputy Dipa Alekos Tryfonidis called attention to questionable agreements, urging an investigation into the responsible parties behind a contract resulting in a hefty 6.4 million euros compensation payout....