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1411. 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....

1412. CDC reports rapid spread of JN.1 subvariant, now dominant in the US

The JN.1 subvariant of COVID-19 has swiftly become the predominant strain in the United States, leading to a surge in new cases, according to the US Centers for Disease Control and Prevention (CDC)....

1413. Tension peaks in Cyprus natural gas development

The development of the Natural Gas network of Cyprus has become a tangled mess, as after the delays in the schedules......

1414. ISIS suspected in devastating Kerman blasts

The double explosion, which claimed the lives of at least 103 people on Wednesday near the tomb of General Qasem Soleimani in Kerman......

1415. Europe tightens rules on short-term rentals for sustainable tourism

The noose has tightened for short-term rentals within European territory, i.e. ''Airbnb'' and other well-known platforms. The aim of the new three rules from the European institutions is to promote more sustainable tourism,...

1416. Politics Blog: King Charles and Anastasiades

I came across the news that King Charles had bestowed an honor upon Anastasiades, and I must admit, at first I felt a shiver, then I was suddenly engulfed by a wave of both national and emotional sentiments....

1417. Terrorist attacks mar Soleimani memorial with 20 fatalities

In a solemn ceremony commemorating the 2020 death of Qassem Soleimani, tragedy unfolded near a cemetery in Iran as two explosions, attributed to 'terrorist attacks,' resulted in the loss of at least 20 lives and left dozens wounded, according to Iranian officials on Wednesday....

1418. 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....

1419. Officials ponder responsibility following quadruple fatality

Ambulance crews experience road fatalities on a more personal level. When you rescue someone, you connect with them....

1420. Finance Ministry undergoes administration overhaul

1421. Cyprus and UK join forces to deliver 90 tons of aid to Gaza

In a joint effort marked by exceptional cooperation, Cyprus and the United Kingdom have successfully dispatched nearly 90 tons of humanitarian aid to Gaza....

1422. Denmark's Queen Margrethe II to relinquish throne on Jan. 14

In a surprising New Year's Eve announcement, Queen Margrethe II of Denmark revealed her decision to step down from the throne on January 14, 2024. ...

1423. Beware of the Brits bearing ideas for a Cyprus solution

According to recent reports, the British Foreign and Commonwealth Office is working on various scenarios to break the deadlock on the Cyprus problem and find a mutually acceptable formula....

1424. Russia's unrelenting missile barrage claims 26 lives in Ukraine

Russia initiated its most significant air attack on Ukraine, deploying an array of 158 drones and missiles that struck various cities, resulting in a devastating toll. ...

1425. Nicosia Hospital powers up as photovoltaic park installation underway

In a significant development, the initial phase of the photovoltaic park installation at Nicosia General Hospital, managed by the State Health Services Organisation (OKYPY)...

1426. Cyprus makes the cut in new tax-friendly nations list

In a recent announcement, the Ministry of Finance shed light on the revised list of countries enjoying preferential tax status under the Independent Authority for Public Revenue of the Hellenic Republic (IAEA)....

1427. Half of container ships avoid Red Sea due to attacks

In a dramatic response to mounting security threats, half of the container ships navigating the Red Sea and the Suez Canal are steering clear of the danger zone....

1428. European Commission disburses funds to six member states

The European Commission disbursed payments to six Member States Thursday, under the Recovery and Resilience Facility (RRF)....

1429. EC allocates recovery funds to six member states

The European Commission disbursed payments to six Member States on Thursday, marking a milestone in the implementation of the Recovery and Resilience Facility (RRF). ...

1430. Cypriot brokerage firm probed for money laundering

French and American authorities have launched an investigation into a Cypriot brokerage firm, TCR International Limited, in conjunction with a branch of BNP Paribas, following suspicions of ''aggravated money laundering.''...

1431. Cypriots opt for overseas New Year celebrations

Many Cypriots are traveling abroad this year for the New Year, choosing as destinations mostly Greece and the United Kingdom, but also Central European countries, the President of the Association of Travel Agents (ACTA) Haris Papacharalambous has told CNA....

1432. Annita Demetriou pays tribute to Jacques Delors

The EU has lost one of its most authentic visionaries and architects of modern European integration, Cyprus House President Annita Demetriou said, over the death of former Commission Head Jacques Delors. ...

1433. Houthi threat spurs quick shield for Cypriot ships

The Deputy Ministry of Shipping has taken temporary measures to protect Cypriot ships due to the attacks by Yemen's Houthi movement against ships passing through the Bab-el-Mandeb strait....

1434. Cyprus implements protective measures for ships amid Houthi attacks

The Deputy Ministry of Shipping has taken temporary measures to protect Cypriot ships due to the attacks by Yemen's Houthi movement against ships passing through the Bab-el-Mandeb strait between Yemen and northeast Africa leading to the Red Sea, Deputy Minister of Shipping, Marina Hatzimanolis told CNA on Wednesday....

1435. Landlords urged to be reasonable when pricing rentals

Marinos Keynegirou, the president of the Real Estate Registration Council, warns of escalating prices and dwindling demand in the real estate market's fourth quarter....

1436. Wolfgang Schäuble, former German Finance Minister, dies at 81

Wolfgang Schäuble, the influential former German Finance Minister and speaker of the Bundestag, passed away at 81, leaving a profound mark on European financial affairs....

1437. As 2023 ends, banks and unions lock horns on pay structures

The banks and bank employees' unions are at odds over labor issues and the signing of new collective agreements. As we approach the end of 2023, no significant progress has been made in renewing collective agreements during the outgoing year....

1438. Cyprus housing crisis deepens amid interest rate scandal

With current interest rates, the prospect of repaying a mortgage spans nearly fifty years for an average family, turning homeownership into an elusive dream....

1439. Pafos-Polis Chrysochous motorway construction continues amid contractual discussions

The risk of halting construction on the Pafos-Polis Chrysochous motorway has been temporarily averted. In recent days, the construction company formally submitted a series of requests in a letter to the Department of Public Works and the Ministry of Transport,...

1440. 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....