https://knews.kathimerini.com.cy/en/news/cyprus-to-proceed-with-a-tax-reform-in-2022
Cyprus will proceed with a tax reform next year, including the increase of corporate income tax and the introduction of green taxation with a view to achieving its environmental targets, Finance Minister Constantinos Petrides has said....
https://knews.kathimerini.com.cy/en/comment/opinion/joint-action-to-defend-and-promote-democracy
Across the globe, democracy and human rights are increasingly under siege. Far from being an issue isolated to the “developing” world, democracies new and old are combatting existential crises of creeping authoritarianism, rising inequality, and malign influence both domestically and from abroad. ...
https://knews.kathimerini.com.cy/en/news/debt-sustainability-in-all-member-states
ESM Managing Director Klaus Regling strongly believes that public debt is currently sustainable in all Member States of the monetary union.
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https://knews.kathimerini.com.cy/en/news/cyprus-too-centralized
Cyprus remains a “very centralized country”, according to a report from the Associated Press. ...
https://knews.kathimerini.com.cy/en/news/eu-issues-yet-another-damning-report-on-turkey
An EU enlargement report calls on Turkey to tone down actions and threats against member states including the Republic of Cyprus, while Ankara accuses the European Commission of adopting Greek and Greek Cypriot biases...
https://knews.kathimerini.com.cy/en/business/shorter-work-week-gains-momentum-in-belgium
Belgium could move to a four-day working week, as the government discusses broader reforms of the labor market....
https://knews.kathimerini.com.cy/en/business/k-treppides-co-ltd-renewed-european-finance-strategy-and-implementation-of-the-action-plan-on-financing-sustainable-growth
The European Commission adopted on 21 April 2021, a comprehensive package of measures to help improve the flow of money towards financing the transition to a sustainable economy, whereas these measures will be instrumental in reaching climate and environmental targets as well as vital for economic recovery from the COVID-19 pandemic. ...
https://knews.kathimerini.com.cy/en/news/cyprus-must-meet-deadline-of-key-reforms-to-receive-the-next-85-million-from-the-eu
With the first 157m euros already paid in advance from the Cyprus Recovery and Resilience Fund, the country still has a long way to go to complete the reforms and investments required to unlock the next 85m euros which is due to be received in February 2022....
https://knews.kathimerini.com.cy/en/business/global-ceo-confidence-returns-to-pre-pandemic-levels
CEOs of the world’s largest businesses are increasingly optimistic about the outlook for their own business and despite the Delta variant slowing down the ‘return to normal’, their confidence in the global economy has returned to levels not seen since the start of the pandemic....
https://knews.kathimerini.com.cy/en/news/cyprus-receives-157-million-for-recovery-and-resilience-plan
The European Commission today has disbursed €157 million to Cyprus to help kick-start reforms and investments....
https://knews.kathimerini.com.cy/en/news/2022-budget
The Ministry of Finance is working hard to complete the proposed budget of 2022 for submission to the Council of Ministers....
https://knews.kathimerini.com.cy/en/news/cyprus-awaits-rrp-endorsement-during-ursula-visit
European Commission President Ursula von der Leyen flies to Cyprus Wednesday on a two day visit to deliver notes on the government’s recovery and resilience plan submitted two months ago...
https://knews.kathimerini.com.cy/en/news/cyprus-rolls-out-‘jab-discount-for-hotel-stays
Lodging businesses in the Republic of Cyprus have until Friday to apply for a state subsidy that would partially fund hotel stays for vacationers who got the vaccine or the state has a record of their recovery from COVID...
https://knews.kathimerini.com.cy/en/news/ecb-tells-cyprus-lawmakers-to-get-it-right
Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...
https://knews.kathimerini.com.cy/en/news/cypriot-voters-elect-new-parliament
Voters in the Republic of Cyprus head to the polls on Sunday to elect a new House of Representatives, following a highly contested and unusual campaign that has been affected by the coronavirus pandemic...
https://knews.kathimerini.com.cy/en/news/turkey-sees-greek-cypriot-bias-in-ep-report
The European Parliament has adopted a damning report on Turkey, calling among others for a formal suspension of accession talks, while drawing an immediate response from Ankara that says the report is not objective...
https://knews.kathimerini.com.cy/en/news/cyprus-unveils-ambitious-stimulus-plan
Cypriot President Nicos Anastasiades has called on the new parliament after elections as well as industry leaders to support an ambitious €4.4 billion economic stimulus plan, saying it will lead the country into a new era...
https://knews.kathimerini.com.cy/en/news/minister-warns-house-over-crucial-eu-money
Cypriot Finance Minister Constantinos Petrides is calling on Parliament to approve structural reforms that come as a condition to the disbursement of over €1 billion from the EU’s Recovery and Resilience Fund...
https://knews.kathimerini.com.cy/en/news/local-government-reform-heads-for-summer-freeze
Interior Minister Nikos Nouris has been asked by EU officials to give the rundown of the administration’s latest efforts in local government reform, just days after a proposal for a referendum was defeated by opposition parties that cried foul over the move...
https://knews.kathimerini.com.cy/en/news/commission-officially-registers-halloumi-pdo
The European Commission announced on Monday the official decision for the registration of halloumi/hellim as a protected designation of origin (PDO) product, protecting it against imitation and misuse across the EU....
https://knews.kathimerini.com.cy/en/news/imf-withdrawal-of-support-measures-should-be-gradual
An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities from March 8–29, 2021 to discuss recent economic developments and policy priorities on the island. In an interview with Kathimerini Cyprus, IMF mission chief for Cyprus, Anita Tuladhar, said the longer the recovery period in sectors related to tourism, the greater the chance that permanent scars will remain in the economy of Cyprus. Tuladhar also noted the importance of state-sponsored programs to support the economy....
https://knews.kathimerini.com.cy/en/news/power-outage-refuels-reform-debate
A technical failure in the Vasilikos power plant was quickly restored Thursday morning, after rendering areas all over the Republic of Cyprus without electricity at a time when unions are up in arms over reforms in the industry...
https://knews.kathimerini.com.cy/en/news/coordination-for-green-digital-transition-of-actions-needed-kokkinos-says
Deputy Minister of Research, Innovation and Digital Policy, Kyriakos Kokkinos stressed the need to coordinate actions and investments at national and European level to achieve the EU's goals "for a sustainable, digital and green transition, empowering businesses with an emphasis on the SME and start-up ecosystem, and ensuring EU technological dominance", during his intervention at the informal teleconference of the Competitiveness Council for Research, under the Portuguese Presidency....
https://knews.kathimerini.com.cy/en/news/anastasiades-takes-the-stand-in-passports-probe
Cyprus’ citizenship by investment scheme will not be revived but other incentives will be given to attract investments, excluding citizenship, President Nicos Anastasiades said on Tuesday, following a 3-hour-long testimony before the investigative committee probing Cyprus’ nixed citizenship-by-investment scheme....
https://knews.kathimerini.com.cy/en/news/cyprus-unveils-plan-to-tackle-corruption
Cyprus’ fight against corruption is based on three pillars, President Anastasiades said Friday, announcing the eagerly-awaited steps the government will take in a bid to restore credibility to the Republic after its reputation was shattered by revelations of corruption through the nixed Citizenship-by-Investment Program (CIP)....
https://knews.kathimerini.com.cy/en/news/policy-priorities-unaffected-by-pandemic-finmin-says
Despite the crisis of the Covid-19 pandemic Cyprus’ economic policies remain the same, targeting macroeconomic and financial stability, prudent fiscal policies, and establishing a competitive, business-friendly regulatory environment of high standards, Minister of Finance Constantinos Petrides said on Thursday....
https://knews.kathimerini.com.cy/en/news/emergency-lights-and-sirens-mark-new-year
Emergency medics and first responders in the Republic of Cyprus sounded their sirens at midnight on New Year’s Eve, marking the end of a rough year that brought the coronavirus pandemic...
https://knews.kathimerini.com.cy/en/news/cypriot-president-grateful-for-frontline-heroes
Cypriot President Nicos Anastasiades expressed his deep gratitude for 'heroes on the front line' in his New Year’s Eve address, adding that elected politicians 'owe to the people' to pass crucial reforms in the new year...
https://knews.kathimerini.com.cy/en/news/finmin-confirms-cyprus-won-t-reinstate-‘golden-passports-scheme
Finance minister Constantinos Petrides assured that the government will not be reinstating the Cyprus Investment Program (CIP), that was shut down after the shocking corruption revelations that emerged through an Al Jazeera investigation and the subsequent stark criticism by the European Commission. ...
https://knews.kathimerini.com.cy/en/news/new-court-culture-coming-to-cyprus
The president of the Cyprus Bar Association says justice reform is in the air in the Republic of Cyprus, after proposed rules on Civil Law Procedure were submitted on Thursday to the Supreme Court in hopes to introduce a new court culture on the island...
