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1. Cyprus government posts €551M budget surplus in first five months of 2025

Cyprus continues to keep its public finances in check, reporting a general government surplus of €551.2 million for the first five months of 2025, slightly higher than the €542.6 million recorded during the same period last year. ...

2. Warning! Fake government officials calling to steal your money

Authorities are urging the public to stay alert as a wave of phone scams involving individuals impersonating government officials continues to sweep across Cyprus....

3. Cabinet looks to end decades-long debate on multiple pensions

The Cabinet on Tuesday approved an amended bill on retirement benefits for state officials, moving one step closer to resolving a public issue debated for over 40 years....

4. From the Mekong to the Med: How Cyprus and Cambodia are crafting a new global alliance

In an exclusive with His Excellency Salah Essa, Honorary Consul of Cyprus to Cambodia, we uncover how two countries, thousands of kilometers apart, are finding common ground in trade, tourism, and cultural exchange. ...

5. Cyprus meets Cambodia: A bridge to bold business ventures

For Cypriot entrepreneurs and companies, this is more than a passing opportunity; it’s a golden ticket into a vibrant, fast-growing market of over 600 million people....

6. Apple ditches China for India to dodge Trump’s tariffs

Apple is planning a major shakeup in how, and where, it makes iPhones for the U.S. market. Starting as early as next year, the tech giant wants all iPhones sold in America to be assembled in India, instead of China. The reason? Tariffs. ...

7. Nearly 100 Deputy Mayors in Cyprus paid to do nothing

Nearly 100 deputy mayors across Cyprus have been collecting taxpayer-funded salaries for the past nine months — without having any official duties assigned to them — due to loopholes in the local government reform, sparking frustration among both the public and the officials themselves....

8. MAGA: Make Averof Great Again!

Never before has the slogan of DISY ''seismos seismos, Synagermos'' (or roughly translated: ''earthquake, earthquake, DISY'' been more fitting than in the days we're living through now (It does sound better in Greek though don't you agree?). ...

9. New garbage tax could mean higher costs for citizens

Cypriot citizens may soon face higher waste disposal costs as a new bill proposes an additional municipal waste landfill tax, adding financial pressure on households already grappling with rising living expenses....

10. Limassol soars, bananas bend, and ambulances demand more car crashes

The mayor of Limassol has expressed concerns over the ''Pay As You Throw'' program. Oh, for heaven’s sake. Personally, I believe Limassolians should pay double what everyone else pays—and without complaints. ...

11. Banks under fire: How public pressure forced a shake-up

Over the past decade, Cypriot banks have paid over €500 million to the state through a special levy known as the ''double tax.''...

12. Cyprus and Oman sign double taxation deal to boost trade and investment

The Republic of Cyprus and the Sultanate of Oman have signed a new agreement aimed at avoiding double taxation and preventing tax evasion....

13. ‘Business as usual’ for world’s top companies as they get ahead of mandatory sustainability reporting rules

With mandatory sustainability reporting nearly upon us, new research from KPMG reveals the world’s biggest companies are taking a proactive approach, with a significant increase in businesses already publishing ESG data, including carbon reduction targets....

14. Global debt to exceed $100 trillion this year

Global public debt is nearing the size of the world economy, posing risks to living standards in developed nations, the International Monetary Fund (IMF) warned....

15. Cyprus and Netherlands finalize double taxation treaty for Curacao

Cyprus and the Netherlands have successfully concluded negotiations on a Double Taxation Treaty concerning Curacao, a Caribbean island that is part of the Kingdom of the Netherlands....

16. Macron declares ''Europe is mortal,'' calls for unity

The 27-country bloc needs to urgently rethink its defence and economic models to not fall behind its rivals, the French leader said. ...

17. March Newsletter of K. Treppides & Co Ltd: Cyprus Securities and Exchange Commission

A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in financial advisory and consulting services with offices in three countries. ...

18. 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....

19. Fuel prices soar, consumers brace for double blow

Fuel prices are on an upward trajectory week by week, with an approximate increase of 13 cents per liter. Speaking to Oriana Papantoniou on Diaspora News, Spor FM, Christodoulos Christodoulou,...

20. 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....

21. 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....

22. Deloitte’s Tax Facts 2024

23. Billionaires choose Abu Dhabi as global wealth safe haven

In a surprising trend, billionaires including Zhao Changpeng, the Adani family, Ray Dalio, and Vladimir Lisin are flocking to Abu Dhabi's international financial center, establishing special purpose vehicles (SPVs) to safeguard their fortunes....

24. 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....

25. 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....

26. Cyprus-U.S. relations soar to historic highs as President pledges economic cooperation

President Nikos Christodoulides emphasized the government's commitment to strengthening economic ties, trade, and investment with the United States during the AmCHAM Cyprus Thanksgiving Gala Dinner in Nicosia. ...

27. Which European country bears the brunt of energy costs?

The pre-tax prices of electricity and natural gas soared after Russia's full-scale invasion of Ukraine, but they're now on the decline. Although slightly higher than the second half of 2022, the final prices for customers, including taxes, reached their peak in the first half of 2023....

28. Cyprus and Croatia forge tax treaty for business growth

The Republic of Cyprus and the Republic of Croatia have inked a significant Agreement for the Elimination of Double Taxation during the ECOFIN meeting in Luxembourg. ...

29. President vows to improve shipping registry

The President of the Republic of Cyprus, Nikos Christodoulides, reaffirmed the government’s dedication to enhancing the services provided by the Cypriot Shipping Registry, while addressing on Monday evening a dinner hosted at the Presidential Palace on the occasion of the "Cyprus Shipping 2023" International Conference....

30. Christodoulides celebrates Cyprus as a maritime powerhouse at Maritime Cyprus 2023

President Nikos Christodoulides addressed the Maritime Cyprus 2023 Conference in Limassol, highlighting Cyprus as a major ship management center in Europe and worldwide. ...