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181. Cyprus tax reform targets green initiatives and economic revitalization

By March 2024, the initial six phases of the tax transformation project commissioned by the Ministry of Finance to the Centre for Economic Research of the University of Cyprus will conclude,...

182. Journalism is (also) a job like any other

Since 2009, when I began working full-time in this field, I've observed the media landscape in Cyprus undergo multiple crises. From the advertising downturn following the 2008 global financial crisis—which didn't directly impact Cyprus—to dwindling sales due to the rise of the internet and social media, and further exacerbated by the banking sector's subsequent turmoil and business closures....

183. Finance Ministry undergoes administration overhaul

184. European Commission disburses funds to six member states

The European Commission disbursed payments to six Member States Thursday, under the Recovery and Resilience Facility (RRF)....

185. EC allocates recovery funds to six member states

The European Commission disbursed payments to six Member States on Thursday, marking a milestone in the implementation of the Recovery and Resilience Facility (RRF). ...

186. Minister upset as staff gaps widen

In its 2023 Employment and Social Developments in Europe (ESDE) report, the European Commission identifies major shortages in construction, healthcare, science, technology, and STEM (Science, Technology, Engineering, and Mathematics) occupations, spanning high, medium, and low-skilled roles...

187. Greece named Economist 'Country of the Year 2023'

The Economist magazine has declared Greece the country of the year for 2023, with Prime Minister Kyriakos Mitsotakis, in a post, referring to the "recognition of the efforts of the Greek people."...

188. EU Council and Parliament agree on landmark pact on immigration and asylum

The Council of the EU and the European Parliament reached an agreement on the new Pact on Immigration and Asylum, as announced by the Vice-President of the European Commission, Margaritis Schinas, speaking to K....

189. Government unveils e-justice system for streamlined legal processes

In a significant move toward digital transformation, Cyprus inaugurated the e-justice information system on Monday, enabling the electronic registration of documents throughout the judicial process....

190. Themis Themistocleous signals potential 2024 interest rate cut

In their ''Year Ahead 2024'' forecast, analysts at Swiss financial giant UBS anticipate a slowdown in the strength of the US economy throughout 2023. ...

191. Government joins elite with third plea for €152.3M

Acting Permanent Secretary of DG Growth at the Finance Ministry, Andreas Zachariades, said on Thursday that as of Friday, Cyprus will be among the first ten EU member states that have submitted the third payment request from the Recovery and Resilience Mechanism of the EU....

192. The overtime dilemma – George Vassiliou's proposal

Only a young John Kapodistrias, with his wit and cunning, can rescue this troubled land from the folly of officials and citizens....

193. Greek islands open up for Turkish travelers

Watching their faces and listening to the statements of Kyriakos Mitsotakis and Recep Tayyip Erdogan after their meeting on Thursday, one could ask what all the tension of the past few years was about....

194. Australia plans drastic cut in migration to fix ''broken'' system

Australia's government announces a bold move to slash its annual migration intake by half within two years, aiming to curb the strain on housing and infrastructure. ...

195. Minors still held in adult prisons, urgent action needed

In a concerning development, legislation addressing the detention of minors in adult prisons remains stalled since 2021....

196. EU unveils sweeping reforms to enhance animal welfare standards

In a groundbreaking move, the European Commission has proposed extensive reforms to EU rules on animal welfare during transport, marking the most significant overhaul in recent years....

197. Europeans have grown weary of welcoming asylum seekers

Negotiations for the EU Pact on Migration and Asylum are nearing completion, set to be finalized this month. Contrary to expectations, the pact is anticipated to exacerbate rather than remedy the EU's asylum and reception challenges....

198. Erdogan predicts war crimes trial for Netanyahu over Gaza offensive

Turkish President Recep Tayyip Erdogan asserted on Monday that Israeli Prime Minister Benjamin Netanyahu would eventually face trial as a war criminal for Israel's ongoing offensive in the Gaza Strip, according to a Reuters report today....

199. EY Cyprus redefines corporate reporting landscape at 3rd annual insights event

EY Cyprus organised its 3rd Annual Corporate Reporting Insights event titled ‘Connectivity: Reforming Corporate Reporting.’ ...

200. Cyprus gets BBB+ boost in latest ratings, but challenges persist

The German Scope Ratings have given a positive sign for Cyprus by upgrading the country to BBB+ last Friday from the previous BBB while keeping the outlook of the economy stable. ...

201. EU Commissioner's urgent call for sustainable pesticides reform

In a significant move for environmental and agricultural sustainability, the European Commission put forth legislative proposals in June 2022 aimed at curbing the use of the most hazardous pesticides. The proposal outlines a bold plan to achieve a 50% reduction by 2030....

202. Tilos: The little island that could!

In a recent interview with Dr. George Pechlivanoglou, the mastermind behind Tilos Island's groundbreaking energy initiative, we unveil a serious but exciting endeavor that's putting this petite Greek island on the map for sustainability....

203. Nicosia's 'one-stop shop' sparks green line trade revolution

The European Commission has taken a significant step in facilitating cross-border trade with the introduction of the EU One Stop Shop (EU OSS) for Green Line trade, located in the vibrant city of Nicosia....

204. Cyprus eyes $1.22 billion for electric cars

Cyprus is set to undergo a transformative phase with its revised Recovery and Resilience Plan, valued at $1.22 billion....

205. Guardian: Russian money flows ''without questions'' in the occupied territories

In the Turkish-occupied northern Cyprus, an influx of Russian speakers, particularly from the former Soviet Union, has turned the area into a real estate hotspot. ...

206. Demetriou's challenge for Cyprus to rise from the credibility ashes

The need for a collective and comprehensive effort to reclaim the credibility of Cyprus is more urgent than ever, pledged on Thursday President of the House of Representative Annita Demetriou....

207. Minister unleashes 4% boost for retirees

In a significant move to enhance the well-being of pensioners, Labor and Social Insurance Minister Yiannis Panayiotou declared a nearly 4% increase in basic pensions for the upcoming year....

208. Seven ways to boost Cyprus’ economy and competitiveness

The Cyprus economy needs seven important pillars to respond to the increasingly volatile environment, achieve greater growth, gain a more resilient and competitive economy, and develop innovation and more growth potential, according to PwC CEO Philippos Soseilos....

209. Championing consumer rights in the digital era

A Consumer Dialogue event titled "New Consumer Agenda - Challenges ahead" took place at the EU House in Nicosia, addressing critical aspects of consumer protection, consumer rights and obligations in an era marked by the challenges of digitalization and the green transition....

210. Cyprus banks bracing for profit squeeze according to Moody's

Moody's believes that Cyprus' small and saturated banking sector, the banks' limited loan portfolio, and low fee and commission income will restrict opportunities for growth in domestic banks' activities and profitability in the long term....