Search

661. Tax declaration to become obligatory irrespective of income

662. Fitch Ratings upgrades Cyprus to investment grade

663. Man goes ballistic at Citizen Service Center

Staff at a Nicosia Citizen Service Centre went on an hour-long work stoppage to protest lack of security measures, following an incident where a disgruntled customer punched the cashier’s window screen to express his anger...

664. Taxation in a Digital Economy

665. Father-son duo released in the north

The father and son, who were arrested in the north on entry violations, have been released from custody after being fined 215 euros each for illegally crossing into a military zone...

666. Banks have their recovery work cut out

The bank stock slump has gone on for too long and valuations are now exceptionally low, say senior credit sector officials in Athens. However, analysts questioned on the issue by Kathimerini say the problems that Greek lenders are facing will not be overcome quickly, justifying the pounding the sector has sustained on the Athens stock exchange....

667. Father and son arrested in search of grandma’s home

Two Greek Cypriots, father and son, are set to appear before a Turkish Cypriot judge on Monday following their arrest in connection with military entry zone violations in the north...

668. Limassol port yields €67 million

669. Mandatory disclosure rules: the calm before the storm

It is a well-known fact that a storm is always preceded by a strange calm. This could be the perfect description of what is about to come, as a result of the latest changes adopted on May 25th of this year by the Council of the European Union...

670. Greek banks to chase borrowers who refused to open their accounts

Banks have firmly focused their attention on debtors who have resorted to the provisions of the so-called Katseli law – named after former economy minister Louka Katseli – for protection now that their bank account secrecy has been lifted....

671. Cyprus Airbnb bill gives neighbors a say

A nearly-complete Airbnb bill is heading back to the House committee, where a number of issues including tax exemptions and apartment rentals will need further clarification...

672. Tourism revenue up first six months of 2018

Revenue from tourism in Cyprus was up by 4% or €38.5 million on an annual basis in the first half of this year compared with the first six months of 2017, despite a drop in the per capita expenditure of tourists, while in June alone revenue was up by 3%...

673. More hotels to stay open during winter

Cyprus hoteliers say the occupancy rate has reached or exceeded 90%, with officials expecting good performance through the end of the year despite Russian numbers dwindling...

674. Mueller has until Wednesday to decide on Cyprus counts

US special counsel Robert Mueller has until Wednesday to decide whether to retry Paul Manafort on charges involving Cyprus accounts that failed to yield a conviction after a holdout juror...

675. Additional revenues of 4.7 billion euros needed to reach targets

The Greek government will have to collect additional tax revenues of 4.7 billion euros in the first post-bailout period of enhanced supervision (2018-2022) by its creditors, in order to achieve the agreed primary surpluses and record surpluses....

676. Shadows loom over government’s ‘clean exit’ scenario

Greece’s bailout exit has been eliciting condescending and bitter commentary on the country’s beaches and in its near-deserted cities, as few Greeks believes their lives are going to improve or that the country’s prospects will be akin to those of other bailed-out eurozone states. Greece’s “return to normalcy” and “clean exit,” much touted by the government, appear to be happening somewhere else....

677. Manafort lawyer blames Cyprus accounts on oligarchs

Prosecutors described Paul Manafort as a “shrewd” liar and accused him of misleading his tax preparers, banks, and US authorities in claiming that secret accounts did not exist...

678. EU warns Airbnb over unfair practices

Cyprus hoteliers got a helping hand this week in their fight for more restrictions on Airbnb, following a European Union warning to the American platform to improve its practices or face action by national consumer agencies...

679. Citizen Service Centres cancel Monday strike

The Citizen Service Centres around the island will not be closed Monday morning after all, but employees say they are swamped with MIG welfare recipients and so they will accept application forms but won't not answer MIG questions...

680. Energean commits to Eastern Mediterranean

Energean is seeking approval from Cyprus for the Greek oil and gas firm to build a pipeline from its Israeli offshore gas fields and import 0.5 to 1 billion cubic meters of gas a year to the island...

681. Cabinet okays homeowner plan ahead of crucial House session

The Cabinet approved on Tuesday the “Estia” scheme aimed at addressing the high volume of non-performing loans in the Cypriot banking sector, but time is running out as a crucial legislation package on bad loans is also up for a vote on Friday...

682. Co-Op deal with Hellenic still up in the air

The government is running against the clock with bad loans legislation, which would include a bill approving state guarantees for Hellenic Bank to absorb potentially high-risk loans in co-op takeover...

683. Take-away lessons from 'Cyprus in the digital agenda'

Cyprus is turning the page in the digital age era but there are still many steps in the path forward. This appears to be the general conclusion from Thursday’s conference on "Cyprus in the Digital Agenda" organised by Kathimerini newspaper and the SPP MEDIA Group...

684. May tourists up 7.6% despite Russian drop

Tourist arrivals went up by 7.6% last month, lending credence to earlier predictions that industry numbers were on a good path despite a disappointing Russian exit...

685. Debt collectors to go after unpaid electricity bills

The Cyprus Electricity Authority is resorting to private debt collectors to go after unpaid bills, following criticism that the organisation lost €65 million in late payments or defaulted accounts...

686. CTO sees tourism potential despite Russian defect

The Cyprus Tourism Organisation says tourist arrivals are expected to rise in 2018 despite a drop in Russian visitors to the island, while the government is moving forward with new plans for tourism on the island...

687. Cyprus forecasts high GDP growth of 3% plus until 2021

High growth rates exceeding 3% of the GDP and high primary surpluses are projected until the year 2021 in the Strategic Fiscal Policy Framework (SFPF) 2019-2021, which was approved by the cabinet...

688. Booming Cyprus breaks more tourism records

An influx of Russian and British tourists has helped Cyprus break more records for the number of arrivals this year...

689. Britain slashes top stake on gambling machines to £2

Britain will cut the maximum stake on fixed odds betting terminals to just two pounds after the government rejected claims that it would damage the industry in favour of efforts to tackle problem gambling...

690. Trump reimbursed attorney who paid-off porn star

President Donald Trump acknowledged for the first time in an ethics disclosure that he repaid more than $100,000 to former personal attorney Michael Cohen, renewing questions about Trump’s ties to porn star Stormy Daniels...