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1. EU launches innovative support center for Green Line trade

The European Commission has announced the establishment of an information and support center, in collaboration with the Cyprus Chamber of Commerce and Industry (CCCI) and the Turkish Cypriot Chamber of Commerce (TCCC), to facilitate legal trade across the Green Line for Cypriot businesses and individuals....

2. The 'controversial' e-kalathi bill: House and stakeholders remain unconvinced

The e-kalathi bill fails to convince the House and stakeholders. Yesterday, the Commerce Committee of the House of Representatives held discussions on the matter, with Minister of Energy, Commerce, and Industry George Papanastasiou present....

3. E-kalathi bill presented to Parliament

The discussion on the e-kalathi bill commences today at the Commerce Committee of the House of Representatives. This bill introduces a digital tool designed to display product prices, aiming to support the Consumer Protection Agency's efforts in monitoring the market and better protect consumer interests....

4. 0% VAT rate, the second round

Almost two weeks after the zeroing of the tax rate on seven products (bread, eggs, milk, baby diapers, baby food, feminine hygiene products, and adult diapers), the Ministry of Finance and the Ministry of Commerce are in discussions regarding the next list of products that will have a low or reduced tax rate....

5. Alphamega revolutionizes shopping with 'Click & Collect'

Alphamega Hypermarkets has launched a new service that aims to improve its customers' shopping experience. The new Click & Collect service allows customers to collect their orders from the company's e-store for free, instead of using the home delivery service....

6. Road transport of goods in Cyprus up by 39% in 2022

The total weight of goods transported by road in Cyprus in 2022 rose by 39.3% compared with 2021, a year that included periodic restrictions due to the Covid-19 pandemic....

7. Trump found liable for sexual abuse, accuser awarded $5 million

A federal jury on Tuesday found that Donald Trump sexually abused and defamed E. Jean Carroll, a writer who accused the former president of attacking her in a department store dressing room in the 1990s....

8. Goods produced in Cyprus see largest price increase in the EU

Industrial producer prices, which refer to the prices that producers receive for the products they make, increased by 2.4% in Cyprus in March 2023 compared to the previous month, according to the statistical office of the European Union, Eurostat. ...

9. Zero VAT on basic daily goods goes into effect

A Council of Ministers decision for a zero VAT rate on a range of basic daily goods such as bread, milk, eggs, children's food, diapers, feminine hygiene products, and adult diapers comes into effect on Friday...

10. 75.6% increase in motor vehicle registrations in March 2023

Total registrations of motor vehicles in March 2023 numbered 4,270, recording an increase of 75.6% compared to 2,431 in March 2022, according to the report entitled "Registration of Motor Vehicles" for the period January-March 2023, published by the Cyprus Statistical Service on Monday.Hi...

11. Surplus of €363 mn recorded in Cyprus in Jan-Feb 2023

A surplus of €363 mn or 1.3% of GDP for the period of January-February 2023, according to the preliminary General Government fiscal results, published by the Statistical Service of Cyprus on Friday....

12. Macron's mission in China: Convincing Xi on Ukraine

13. Passports of Russian officials confiscated to prevent overseas escape

A Soviet-style practice is being resorted to by Russia's security services, confiscating the passports of senior officials and executives of state-owned companies to prevent travel abroad, as "paranoia about leaks and defections spreads in Vladimir Putin's regime," reports the Financial Times....

14. High prices continue to plague the market

15. Sense of calm prevails in the Aegean

The improvement of relations between Greece and Turkey and the sharp decrease in tensions is not only at the diplomatic level but also, and almost in tandem, with the operational situation on the ground...

16. 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....

17. Trade deficit increased by 163.5% in January 2023

A large increase was recorded in the trade deficit in January 2023 according to preliminary data published on Monday by the Statistical Service, since the increase in imports was more than three times the increase in exports....

18. Toblerone forced to change logo due to its un-'Swissness'

The most famous mountain in Switzerland is no longer appropriate for Toblerone to use on its packaging. Due to its decision to relocate a portion of its production to the Slovakian capital, Bratislava, this year, US company Mondelez, ...

19. Government surplus of €609.5 million for 2022

General Government preliminary fiscal results published by the Statistical Service of Cyprus on Tuesday indicate a surplus of €609.5 mn, equal to 2.3% of GDP, for the period of January-December 2022, compared to a deficit of €402.8 mn or 1.7% of GDP, that was recorded during the period of January-December 2021....

20. Frozen fish and flour marked a substantial price increase

Frozen fish and flour recorded a high price increase, according to data published on Wednesday by the Consumer Protection Service of the Ministry of Energy, Commerce and Industry....

21. Botox ampoules found in chocolates smuggled from the occupied territories

Botox ampoules were one of the more bizarre items that a person attempted to smuggle through the barrier last year, according to customs officials at the British Bases in Dhekelia....

22. Cyprus launches campaign for earthquake victims

Cyprus’ Commissioner for the Citizen announced on Wednesday a campaign for the collection of humanitarian aid for the people affected by the deadly earthquake in Syria and Turkey, which will run between February 9 and 17...

23. Which names are being floated for the position of Finance Minister?

The new ministerial team will be assembled beginning Monday, February 13. Nicos Christodoulides and Andreas Mavroyiannis, the two candidates for the Presidency of the Republic of Cyprus, will bring in new faces to staff their Ministries....

24. Washington stops short of tongue-lashing Nicosia

Washington says there is no new policy to announce regarding a recent arms embargo lift on the Republic of Cyprus, following news that US sanctions have been imposed on several dealers including individuals who are based on the island...

25. PEGA's amendment games

The debate on Cyprus will turn into a game of balances and... amendments in relation to the draft report of the European Parliament's Committee of Inquiry into Surveillance Software (PEGA), ...

26. No more Fridays. 4-day work week on the rise

The results are in: It's time for your company to stop working on Fridays (or Mondays)....

27. Foreign trade increased significantly in first ten months of the 2022

Cyprus' foreign trade registered a significant increase in the first ten months of 2022, according to data released on Monday by the Statistical Service of Cyprus. The trade deficit also increased due to the great increase in imports....

28. Tech companies calling for employee naturalizations after 5 years

Following the 2023 Presidential Elections and the resumption of the meetings of the House of Representatives, ICT companies will begin "pushing" for the right to apply for naturalization after 5 years of residence and work in the Republic of Cyprus,...

29. Turkish Cypriots outraged over mufti's call for women to procreate on demand

A Muslim religious leader’s instruction to women to dutifully accept a husband's “invitation to bed” to procreate has sparked outrage among many Turkish Cypriots, who saw the remarks as an imported encroachment of fundamentalist Islam on their secular community....

30. Limassol: Meat worth more than 50,000 euros stolen

Limassol CID has arrested a 47-year-old man suspected of breaking into a meat warehouse and stealing goods worth more than 50,000 euros between 2022 and 2023 in Limassol....