https://knews.kathimerini.com.cy/en/news/ec-pushing-cyprus-to-pass-home-vat-bill-or-risk-sanctions
Cyprus is currently facing a serious issue with the 5% VAT rate for first-time homeowners. The European Commission has issued a final warning to pass a bill that regulates the issue that has been ongoing since 2020....
https://knews.kathimerini.com.cy/en/news/tax-evaders-beware-of-what-you-post-on-social-media
According to a report in the Sunday edition of realnews.gr, the Greek Government plans to identify hidden income earned by individuals and companies that conduct business online. ...
https://knews.kathimerini.com.cy/en/business/cbc-estimates-gdp-growth-at-2-6-in-2023
The Central Bank of Cyprus (CBC) has marginally upgraded its projections for GDP growth this year citing the slightly improved prospects in the external economic environment and the anticipated lower energy prices, amid the continued war in Ukraine....
https://knews.kathimerini.com.cy/en/news/many-cypriots-climate-aware-and-ready-to-fight
According to the European Investment Bank's (EIB) annual Climate Survey, 83% of Cypriots under 30 consider the environmental impact of their future job to be a significant factor in their career choice, while 25% consider it a top priority....
https://knews.kathimerini.com.cy/en/news/employers-and-labor-unions-can-t-agree-on-cola-issue
Employers and unions continue to take opposing positions on the issue of Cost of Living Allowance. (COLA). One of the most pressing issues for the Labour Minister, who has already held the first separate meetings with the four unions PASYDY, PEO, SEK, and DEOK.
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https://knews.kathimerini.com.cy/en/news/cyprus-to-open-4-new-embassies-this-year
Cyprus' diplomatic presence abroad is being upgraded with the reopening or the opening of four embassies in 2023....
https://knews.kathimerini.com.cy/en/news/legalities-and-time-constraints-delaying-repairs-of-refugee-apartments
Attempting to overcome legal and time constraints in the construction of refugee apartment buildings...
https://knews.kathimerini.com.cy/en/business/majority-of-goods-transported-by-sea-in-cyprus-and-the-eu-in-2021
In 2021, maritime transport accounted for more than two-thirds (68%, 5 135 billion tonne-km; tkm) of the EU’s freight transport, the lowest share recorded in the past decade according to data released by Eurostat, the statistical service of the EU....
https://knews.kathimerini.com.cy/en/business/ecb-raises-interest-rates-again-by-5-percentage-points
At noon on Thursday, the European Central Bank (ECB) confirmed that it would stick to its tactics to tackle inflation by announcing a 50 basis point hike....
https://knews.kathimerini.com.cy/en/news/exciting-new-park-set-to-enhance-quality-of-life-in-larnaca-photos
Larnaca, one of the most charming cities in Cyprus, is set to undergo a major transformation in the coming years. Ten ambitious projects with a total value of €40 million are planned for the city center,...
https://knews.kathimerini.com.cy/en/news/tax-department-€70-million-in-taxes-refunded-€200-million-to-be-collected
An intensive effort by the Tax Department in recent months has resulted in a refund of over €70 million in excess taxes, with an additional €200 million expected to be collected, according to Tax Inspector Sotiris Markides. He emphasized that the Department aims to clear all outstanding Company and Individual Returns by the end of 2023....
https://knews.kathimerini.com.cy/en/news/1-300-loan-applications-submitted-for-oikia-scheme
Applications for 1,318 potentially eligible loans involving a total amount of €131.1 million were submitted under the Oikia scheme, which is a loan management plan with government funds granted under Government Housing Plans....
https://knews.kathimerini.com.cy/en/news/credit-suisse-borrows-more-than-$50-billion-from-swiss-national-bank
Credit Suisse’s shares soared 30% on Thursday after it announced it would move to shore up its finances by borrowing up to nearly $54 billion from the Swiss central bank, bolstering confidence as fears about the banking system moved from the U.S. to Europe....
https://knews.kathimerini.com.cy/en/news/finance-minister-calls-on-banks-to-delay-foreclosures
The Finance Ministry is considering possible actions to tackle non-performing loans and is examining a set of measures aiming to address the issue, ...
https://knews.kathimerini.com.cy/en/news/foreclosure-sales-to-restart-after-parliamentary-vote
The House of Representatives voted 22 to 18 against a proposal for a new three-month suspension of foreclosure sales, which had been tabled in the form of an emergency bill....
https://knews.kathimerini.com.cy/en/news/president-cancels-order-for-state-vehicles
The government has withdrawn the request pending before the parliamentary finance committee for the purchase of vehicles for state officials, the parliamentary finance committee said....
https://knews.kathimerini.com.cy/en/comment/opinion/it-s-dangerous-around-here
There has been a lot of discussion about the new President's selection of Michalis Hatzigiannis to fill the role of Deputy Minister of Culture, and it can be challenging to separate reasonable criticism from elitism. ...
https://knews.kathimerini.com.cy/en/news/cyprus-gdp-up-by-5-6-higher-than-eu-or-eurozone-estimates
Cyprus’ gross domestic product (GDP) grew by 5.6% in real terms in 2022, according to a provisional estimate published by the country’s statistical service CyStat on Wednesday....
https://knews.kathimerini.com.cy/en/news/government-s-fuel-tax-reduction-scheme-extended-to-may-4th
The President of the Republic Nikos Christodoulides has already signed the law extending the reduction of fuel taxes until May 4, 2023, following the approval of the relevant bill today, by the House Plenary....
https://knews.kathimerini.com.cy/en/news/g20-talks-end-with-no-consensus-on-ukraine-war
Top diplomats from the Group of 20 industrialized and developing nations ended their contentious meeting in New Delhi on Thursday with no consensus on the Ukraine war, India’s foreign minister said, as discussions of the war and China’s widening global influence dominated much of the talks...
https://knews.kathimerini.com.cy/en/business/february-newsletter-of-k-treppides-co-ltd-eba
A new issue is out from the newsletter by K. Treppides & Co Ltd, a leader in the field of auditing and accounting services with offices in three countries....
https://knews.kathimerini.com.cy/en/news/the-who-s-who-of-the-christodoulides-government
On Monday afternoon (27/02), Nikos Christodoulides, the country's new leader, unveiled his new administration. Read the detailed biographies of the individuals who make up the new government....
https://knews.kathimerini.com.cy/en/news/akamas-compensation-guidelines-poses-risks-says-finance-minister
"The guidelines for compensating landowners in Akamas for the loss of land value they have incurred and providing assistance to the neighborhood are speculative and ill-defined....
https://knews.kathimerini.com.cy/en/news/the-protocol-for-wednesday-s-changing-of-the-guard
The 'changing of the guard' or in plain terms, the new President's term is scheduled to begin on March 1st when the confirmation ceremony of Nikos Christodoulides' hand-picked ministers will occur at the event hall of the presidential palace at 10 am, after which, the first cabinet meeting will take place....
https://knews.kathimerini.com.cy/en/business/eib-financed-€250-million-worth-of-green-projects-in-cyprus
The European Investment Bank (EIB) reported on Wednesday on its strong engagement in Cyprus for 2022, with new financing signed reaching a total of €250 million, all of which was invested in green projects....
https://knews.kathimerini.com.cy/en/news/akamas-plan-what-goes-to-the-cabinet-tomorrow
Minister of Agriculture, Rural Development and Environment Costas Kadis met with the Ministers of Interior and Finance, against the backdrop of the Akamas Local Plan, which will be brought before the Council of Ministers on Wednesday (22/02)....
https://knews.kathimerini.com.cy/en/comment/opinion/thinking-of-investing-in-real-estate-don-t-do-it
A lack of financial literacy can lead people to consider investing in direct real estate. This a provocative statement to say the least, so let me explain....
https://knews.kathimerini.com.cy/en/news/casino-dash-before-new-cabinet-raises-eyebrows
A House committee in the Republic of Cyprus is blocking three appointments on a casino commission until after the new Cabinet takes shape on March 1, with members raising conflict of interest concerns and the outgoing government insisting it should be allowed to fill the vacant positions now...
https://knews.kathimerini.com.cy/en/news/cyprus-land-development-received-11-1-million-from-the-passport-program
The Cyprus Investment Program, also known as the passport program, brought in €11.17 million for the Cyprus Land Development Corporation between 2019 and 2022....
https://knews.kathimerini.com.cy/en/news/government-strengthens-its-stance-against-gender-based-violence
Cyprus is taking another step towards strengthening the framework for effective prevention and battling of violence against women, with the approval by the Cabinet of two important proposals....
