https://knews.kathimerini.com.cy/en/news/tax-return-deadline-extended-to-october-31
The Finance Ministry has announced an extension of the tax return submission deadline for the year 2022 until October 31, 2023, at 23:59. This extension comes after a proposal presented to the Council of Ministers....
https://knews.kathimerini.com.cy/en/news/syprodat-and-government-join-forces-to-end-non-performing-loans
Finance Minister Makis Keravnos expressed satisfaction with the progress made in divestments and the reduction of non-performing loans (NPLs) during a meeting at the Ministry of Finance with SYPRODAT President Costas Melas and Association Director Jenny Papacharalambous....
https://knews.kathimerini.com.cy/en/news/€369-million-eib-loan-for-smart-investments
The government has secured a €369 million loan from the European Investment Bank (EIB) with favorable terms to support expenditures and investments within the framework of the "Thalia" program. ...
https://knews.kathimerini.com.cy/en/news/focus-on-growth-employment-control-and-surplus-in-the-2024-budget
The 2024 state budget to be tabled to the Council of Ministers for approval next week will have three key characteristics, Minister of Finance Makis Keravnos told CNA....
https://knews.kathimerini.com.cy/en/news/italy-s-cry-for-help-facing-a-migrant-surge-amid-eu-discord
Italian Prime Minister Giorgia Meloni has appealed for greater European support as her country confronts a surge of people fleeing north Africa, amid growing tensions between Rome and other EU capitals over migration policy....
https://knews.kathimerini.com.cy/en/news/from-entrance-fees-to-gastroscopy-checks-is-this-the-solution
Former Finance Minister Constantinos Petrides has commented on EDEK's proposals to tighten fuel controls for vehicles from the occupied territories....
https://knews.kathimerini.com.cy/en/news/over-200-000-dead-animals-reported-in-thessaly
More than 200,000 dead animals have been declared to the Hellenic Agricultural Insurance Organization (ELGA) in Thessaly, central Greece, according to Minister of Rural Development and Food Lefteris Avgenakis....
https://knews.kathimerini.com.cy/en/news/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.
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https://knews.kathimerini.com.cy/en/news/request-for-200-000-euros-in-overtime-pay-for-state-officials-withdrawn
Irene Piki, the Deputy Minister to the President, has announced the withdrawal of a request for more than 200 thousand euros in funds to cover overtime pay for state officials working at the Presidential Office. She revealed this on state radio's Morning Routes program, specifying that the request was related to one specific person....
https://knews.kathimerini.com.cy/en/news/government-extends-zero-vat-on-essentials
The government has decided to extend the application of the zero VAT rate on essential goods for another six months, with Finance Minister Makis Keraynos announcing the addition of coffee and sugar to the list of exempted products....
https://knews.kathimerini.com.cy/en/comment/opinion/will-justice-minister-and-chief-of-police-lose-jobs-over-viral-video
When the video of Nikos Christodoulides' meeting at the Presidential Palace went viral the day after Limassol riots, many people thought that the Minister of Justice and the Chief of police might lose their jobs soon....
https://knews.kathimerini.com.cy/en/news/recovery-and-resilience-measures-target-non-performing-loans
In a move to address Non-Performing Loans (NPLs) and maximize European funds, Minister of Finance, Makis Keravnos, announced the approval of an action plan under the Recovery and Resilience Plan. ...
https://knews.kathimerini.com.cy/en/news/gov-t-embraces-flexible-work-for-public-servants
The Council of Ministers, in its meeting on August 30, 2023, greenlit a policy framework aimed at regulating flexible employment within the public service. This initiative aligns with the implementation of the Recovery and Resilience Plan 2021-2026....
https://knews.kathimerini.com.cy/en/news/former-finance-minister-continues-to-question-euroasia-project
Former Finance Minister Constantinos Petrides has returned to the issue of the Eurasia Interconnector, expressing concerns and raising important questions. In a post on the "X" platform, he highlighted the need for transparency and clarity surrounding this significant and costly project....
https://knews.kathimerini.com.cy/en/news/compensation-plans-unveiled-for-akamas-communities
Starting tomorrow, September 1, 2023, the stipulations outlined in the Akamas Local Plan will be enacted. Yesterday, Mr. Konstantinos Ioannou, the Minister of Interior, and Mr. Petros Xenophontos, the Minister of Agriculture, Rural Development and Environment,...
https://knews.kathimerini.com.cy/en/business/cyprus-open-university-gets-€2-6-million-for-tech-and-resources
President Nikos Christodoulides announced here on Tuesday additional funding for the Open University’s (OUC) budget with €2.6 million. The amount is aimed at upgrading the technological digital equipment and strengthening the human resources of the University for the next three years....
https://knews.kathimerini.com.cy/en/news/bank-tax
Leaving the door open for potential action, the Finance Ministry is considering an additional tax on banks due to dissatisfaction with their current approach to deposit and lending rates....
https://knews.kathimerini.com.cy/en/news/fuel-tax-cut-to-aid-low-incomes
The association called "Equality" is requesting a reduction in fuel taxes through a letter addressed to the Minister of Finance, Makis Keravnos....
https://knews.kathimerini.com.cy/en/business/euroasia-interconnector-seeks-alternative-funding
The developer of the EuroAsia Interconnector is seeking alternative funding avenues to construct Cyprus' electricity interconnection with the European Union, following the European Investment Bank's rejection of a loan request. ...
https://knews.kathimerini.com.cy/en/news/cyprus-money-blues-why-s-the-economy-going-south
"Currency developments validate predictions made some time ago. The high interest rate environment will be a new reality accompanying us for several years," former Minister of Finance Constantinos Petrides stated in a post on the platform 'X'....
https://knews.kathimerini.com.cy/en/news/cyprus-faces-deceleration-amid-inflation-and-rising-rates
Cyprus' economy experienced a slowdown in the second quarter of 2023, prompting inquiries about the situation. According to the preliminary estimate provided by the Statistical Service, ...
https://knews.kathimerini.com.cy/en/news/gdp-alert-economic-storm-brewing
Former Minister of Finance, Konstantinos Petrides, comments on the GDP results for the 2nd quarter with five observations....
https://knews.kathimerini.com.cy/en/news/petrides-eib-denies-euroasia-funding-government-s-involvement-a-no-go
Constantinos Petrides, the former Finance Minister, has reacted to the recent refusal of the European Investment Bank (EIB) to provide funding for the EuroAsia Interconnector electricity interconnection project....
https://knews.kathimerini.com.cy/en/business/italy-surprises-banks-with-40-windfall-tax
Italy's rightwing coalition sent shockwaves through the financial markets as it announced an unforeseen 40% tax on bank profits derived from higher interest rates. ...
https://knews.kathimerini.com.cy/en/news/cyprus-enhances-migration-management-with-new-facilities
Cyprus took a significant step in enhancing its capacity to manage migration pressures by signing a contract for the construction of a reception center for around 1,000 people and a pre-departure center for approximately 800 people. ...
https://knews.kathimerini.com.cy/en/news/cyprus-president-s-trip-to-palestine
President Nikos Christodoulides travels to Ramallah, Palestine, on Wednesday, for an official visit where he will have a meeting with Palestinian President Mahmoud Abbas....
https://knews.kathimerini.com.cy/en/news/controversial-conference-sparks-fierce-debate-on-sex-ed-in-schools
A conference invitation circulating on social media for an upcoming event on sex education in schools has sparked reactions and criticisms. The conference, scheduled for Thursday, August 3, at the Melanos Centre in Chloraka, features titles like "We say NO to Holistic Compulsory Sex Education in Schools" and "We say NO to Laws that are contrary to the Bible and Orthodox Teaching."...
https://knews.kathimerini.com.cy/en/news/petrides-tweets-expose-euroasia-interconnector-s-risks
A series of points accompanied by questions were posted on Twitter by former Minister of Finance, Constantinos Petrides, commenting on the developments regarding the evaluation of the sustainability of the EuroAsia Interconnector project, the electric interconnection project between Cyprus, Greece, and Israel.
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https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/news/varosha-hotels-now-accepting-bookings-for-2025
The latest developments in Varosha have been brought to light by Yeni Bakis newspaper. ...
