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1. 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....

2. 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?). ...

3. 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....

4. 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. ...

5. 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.''...

6. 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....

7. ‘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....

8. 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....

9. 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....

10. 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. ...

11. 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. ...

12. 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....

13. 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,...

14. 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....

15. 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....

16. Deloitte’s Tax Facts 2024

17. 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....

18. 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....

19. 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....

20. 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. ...

21. 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....

22. 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. ...

23. 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....

24. 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. ...

25. Cyprus banks' net interest income doubles amid ECB rate hikes

The Cypriot banking system's net interest income (NII) saw a remarkable doubling in the first half of 2023, marking an annual increase of 100%, primarily due to the ongoing rate hikes by the European Central Bank (ECB) aimed at tackling rising inflation....

26. Government cuts interest income rates from 30% to 17%

The Cyprus government decided to slash taxation on interest income from 30% to 17%, Finance Minister Makis Keravnos said on Wednesday, noting that banks should follow suit in boosting income for depositors. ...

27. From burps to burgers: The climate-friendly cows bred to belch less methane

When Canadian dairy farmer Ben Loewith's calves are born next spring, they will be among the first in the world to be bred with a specific environmental goal: burping less methane....

28. Tourism sets record revenue with fewer arrivals

The latest data on tourism revenues for the month of May has brought encouraging news for the tourism sector, signaling positive effects on the Cypriot economy....

29. Cyprus-Oman double taxation agreement approved

The Council of Ministers approved on Wednesday an agreement for double taxation avoidance and the prevention of tax evasion regarding income taxes as well as the relevant protocol between the Republic of Cyprus and the Sultanate of Oman, Minister of Finance, Makis Keravnos said after the Cabinet meeting....

30. Double the number of tourist transfers to the occupied territories

The arrival of 11 tourists in Cyprus, through the country's legal airports, and then a number of them arriving in the occupied areas, is not a daily phenomenon....