https://knews.kathimerini.com.cy/en/business/overtaxation-led-to-tax-evasion
Losses incurred by the state coffers due to tax evasion in 2014-17 were greater than the value-added tax revenue increase as a result of consecutive tax hikes, according to a European Commission report on the so-called VAT deficit (the difference between the expected VAT revenues and actual collections)...
https://knews.kathimerini.com.cy/en/business/german-giant-acquires-foody
Cypriot startup Foody has been acquired by a German food delivery giant in a friendly takeover reaching dozens of countries all over the world...
https://knews.kathimerini.com.cy/en/news/churchill-s-grandson-to-be-expelled-from-conservative-party
Nicholas Soames, the grandson of Britain’s World War Two leader Winston Churchill, will be expelled from the Conservative Party after voting against Prime Minister Boris Johnson on Brexit...
https://knews.kathimerini.com.cy/en/news/south-hands-over-another-suspect-to-north
Another murder suspect wanted in the north in the murder of a Nicosia businessman has been handed over to Turkish Cypriot authorities, as anti-crime cooperation between the two communities continues...
https://knews.kathimerini.com.cy/en/business/scope-rates-cyprus-with-bbb
Scope Ratings affirmed last week the Republic of Cyprus’ BBB- long-term issuer and senior unsecured local- and foreign-currency ratings, along with a short-term issuer rating of S-2 in both local and foreign currency, noting that all outlooks are stable...
https://knews.kathimerini.com.cy/en/news/one-more-day-of-rain
Afternoon showers and thunderstorms are likely to continue on Tuesday in parts of the island, along with strong winds, while clear weather is in the forecast for the rest of the week...
https://knews.kathimerini.com.cy/en/news/strong-winds-to-slap-coastal-south
Maximum high temperatures are expected to be below 40 on Wednesday and Thursday, as a warm front is on its way out with a chance of showers later in the week...
https://knews.kathimerini.com.cy/en/news/inland-continues-to-bake-in-hot-weather
A heat advisory continues Friday afternoon due to extreme high temperatures in the interior, with maximum inland highs trending upwards and milder temperatures expected along the coast throughout the weekend...
https://knews.kathimerini.com.cy/en/business/business-leaders-reject-proposal-for-corporate-tax-rate-increase
We will not proceed with the increase in the corporate tax rate said Finance Minister Haris Georgiades, shortly after business leaders rejected his proposal
...
https://knews.kathimerini.com.cy/en/business/government-in-talks-with-businesses-to-raise-corporate-tax-rate
Finance Minister Haris Georgiades confirmed reports that the government plans to increase the corporate tax rate from 12.5% to 15%...
https://knews.kathimerini.com.cy/en/news/foreclosure-legislation-unconstitutional
The latest piece of legislation on foreclosures which was approved last Friday is unconstitutional...
https://knews.kathimerini.com.cy/en/business/cyprus-considers-raising-corporate-tax-rate-to-15
The idea of raising the Cyprus corporate tax rate from 12.5% to 15% has been discussed at a meeting between Finance Minister Haris Georgiades and business executives...
https://knews.kathimerini.com.cy/en/news/stella-kyriakidou-climate-change-and-gender-equality-a-priority-for-the-eu
There have been many who have questioned the EU because of the economic crisis that has emerged in recent years. Today we are coming out of this crisis and we realize that the EU still has a lot to offer....
https://knews.kathimerini.com.cy/en/news/heat-advisory-but-some-rain-chances
A heat advisory is in effect Sunday afternoon due to extreme high temperatures in the interior, while there are low chances of rain mainly in the mountains...
https://knews.kathimerini.com.cy/en/news/lifeline-as-parliament-accepts-president-s-referral
The House of Representatives has heeded warnings voting to accept the President's referral of legislation that would have made it difficult for banks to recover mortgaged non-performing exposures...
https://knews.kathimerini.com.cy/en/news/trump-hits-china-with-more-tariffs-sharply-escalating-trade-dispute
U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply escalating a bruising trade war between the world’s largest economies and jolting financial markets.
...
https://knews.kathimerini.com.cy/en/news/finance-committee-seeks-compromise-on-foreclosures
The House of Representatives Finance Committee meets on Friday to discuss proposals that would normalize the legislative framework on foreclosures...
https://knews.kathimerini.com.cy/en/news/north-and-south-touch-base-on-west-nile
Members on the Bicommunal Technical Committee on Health met Wednesday to discuss the West Nile virus, following one death in the north and a number of cases throughout the island...
https://knews.kathimerini.com.cy/en/news/unemployment-in-cyprus-drops-to-6-5
The euro area seasonally-adjusted unemployment rate was 7.5% in June 2019, down from 7.6% in May 2019 and from 8.2% in June 2018. This is the lowest rate recorded in the euro area since July 2008. The EU28 unemployment rate was 6.3% in June 2019, stable compared with May 2019 and down from 6.8% in June 2018. This remains the lowest rate recorded in the EU28 since the start of the EU monthly unemployment series in January 2000. These figures are published by Eurostat, the statistical office of the European Union
...
https://knews.kathimerini.com.cy/en/news/central-banker-mulls-bridging-framework-on-foreclosures
The Central Bank will present recommendations aimed at rectifying the foreclosure framework it was announced on Thursday...
https://knews.kathimerini.com.cy/en/news/halloumi-exports-reached-29-thousand-tons-in-2018
Halloumi exports reached 29,000 tons in 2018, acting permanent secretary of Agriculture Ministry Andreas Louca has said.
...
https://knews.kathimerini.com.cy/en/news/three-west-nile-virus-cases-in-the-north
Turkish Cypriot media say authorities in the north have detected three cases of the West Nile virus, while officials in the south are still waiting for tests on one possible case...
https://knews.kathimerini.com.cy/en/business/ikea-branches-out-to-limassol
IKEA is reaching out to Limassol fans and beyond, with a new Planning Studio location now open in the southern town...
https://knews.kathimerini.com.cy/en/news/moodys-warns-foreclosure-laws-increase-risk-for-banks
Cyprus’ new foreclosure framework hampers banks efforts to reduce NPLs said credit rating agency Moody's in an announcement on Thursday....
https://knews.kathimerini.com.cy/en/news/state-department-expresses-‘deep-concerns-over-turkish-drilling-off-cyprus
Washington expressed “deep concerns” over Turkey’s insistence on conducting drilling operations in Cyprus’ offshore maritime zone
...
https://knews.kathimerini.com.cy/en/business/the-benefits-of-studying-with-a-learning-provider
Studying to become an ACCA member is flexible, and it opens up a world of opportunities. With over 500,000 students studying in a variety of ways, we know that flexibility is key to a successful ACCA journey.
...
https://knews.kathimerini.com.cy/en/business/talent-shortages-costing-european-private-businesses-€414-billion-each-year
European private businesses’ biggest challenge is the increasingly growing skills shortage that is preventing them from hiring the right talent for growth. A PwC survey across 31 European countries shines a spotlight on a wider, ongoing issue across the region. PwC estimates that the skills shortage is costing the region €414 billion annually in lost revenues - just from private businesses. That’s around 2.6%of European GDP and is more than the combined annual GDP of Greece and Portugal.
...
https://knews.kathimerini.com.cy/en/news/national-council-dismisses-turkish-natural-gas-proposal
The national council unanimously rejected a proposal by Turkish Cypriot leader Mustafa Akinci to co-manage the islands’ natural gas resources...
https://knews.kathimerini.com.cy/en/news/david-harris-us-closer-to-greece-cyprus-israel
Washington recognizes Greece’s strategic value and reliability as an ally, attributes that only grow stronger as doubts deepen over Turkey’s stance, American Jewish Committee (AJC) CEO David Harris tells Kathimerini in an interview...
https://knews.kathimerini.com.cy/en/comment/opinion/the-new-government-image-and-symbolism
The first indications from the new government are sending out all the right signals. Tuesday’s handover ceremonies at the ministries confirmed a return to normalcy, after a decade-long crisis that painfully divided the country. Both sides should be given credit for the civilized political discourse that prevailed during the change of guard. It is hoped that this spirit will continue during the debates that are expected to take place in Parliament, not only in the sense of a more sophisticated rhetoric, but also, hopefully, in the approval of some government bills by the new main opposition....
