https://knews.kathimerini.com.cy/en/news/parliament-approves-reduced-vat-rate-on-first-homes
The plenary session of the Cyprus Parliament passed on Thursday almost unanimously a law allowing for the imposition of a reduced VAT rate of 5% on the first 130 sqm of a primary residence, including both houses and apartments...
https://knews.kathimerini.com.cy/en/news/finance-minister-warns-of-vat-consequences
With the deadlines long expired and the saga of amending the Value Added Tax Law to apply the reduced rate of 5% to specific residential square meters dragging on, Finance Minister Makis Keravnos sounds the alarm, emphasizing the palpable risk of Cyprus being taken to the European Court and fined....
https://knews.kathimerini.com.cy/en/news/convicted-drug-felon-gunned-down-outside-home
Police are investigating a possible mob hit after a convicted drug felon was shot and killed outside his residence in Limassol district over the weekend...
https://knews.kathimerini.com.cy/en/news/trespasser-injured-after-home-owner-fires-shot
A man in Limassol is in critical condition after an elderly home owner, who was arrested on murder charges, said he fired a shot at someone who was attempting to steal electrical cables near his property...
https://knews.kathimerini.com.cy/en/news/ec-urges-cyprus-to-comply-with-eu-vat-rules-for-homes
The European Commission has called on Cyprus to comply with EU VAT rules for dwellings by sending a reasoned opinion to the country, included in the Commission’s June infringements package.
...
https://knews.kathimerini.com.cy/en/news/local-home-buyers-feel-priced-out-in-divided-cyprus
Cypriots on both sides of the divided island have been noticing real estate prices going up in recent years due to foreign buyers willing shell out more, with reports suggesting the trend is going nowhere but up...
https://knews.kathimerini.com.cy/en/news/an-effective-foreclosure-framework-is-important-says-finmin
An effective and functional foreclosure framework is crucial for encouraging borrowers to restructure their debt, due to the high stock of non-performing loans (NPLs), the Cyprus Ministry of Finance said in a press release on Tuesday....
https://knews.kathimerini.com.cy/en/news/illegal-bird-trafficking-ring-busted
An illegal wild bird trafficking ring was dismantled after a joint collaboration between the Game and Wildlife Service and Police....
https://knews.kathimerini.com.cy/en/news/ec-challenges-5-vat-proposal-for-primary-residences
Finance Ministry Director-General George Pantelis informed the parliamentary Finance Committee that the European Commission disagrees with the consensual proposal agreed upon in Parliament regarding the imposition of a reduced VAT rate on the construction or acquisition of a primary residence....
https://knews.kathimerini.com.cy/en/comment/opinion/real-estate-a-closer-look-at-prices-and-rental-trends
With the chapter on imposing a reduced VAT rate of 5% on primary residences as a social policy measure finally moving towards resolution, an unresolved issue that has been lingering in the real estate market for years is being addressed....
https://knews.kathimerini.com.cy/en/business/eba-tightens-its-grip-in-response-to-sanctions
Following the uproar caused by the lists of sanctions issued by the US, UK, and European authorities, the European Banking Authority (EBA) is tightening its standards in response. ...
https://knews.kathimerini.com.cy/en/news/kyriakides-our-goal-now-medicines-for-all
"I have always envisioned a European Health Union, where the European Union would be intimately connected to every citizen regarding health matters....
https://knews.kathimerini.com.cy/en/news/uncle-says-little-hacker-was-scouting-for-burial-sites
The disappearance of a Limassol man feared murdered has become more complicated after the uncle of the main suspect, known as Little Hacker, offered to point investigators to possible burial sites claiming they were picked by his nephew...
https://knews.kathimerini.com.cy/en/news/russia-blames-us-for-drone-attack
Russia attacked several Ukrainian cities with explosive drones overnight, though Ukraine said Thursday that it had managed to shoot most of them down. Russia called the attack payback for what it claims was an alleged attempt by Ukraine to attack the Kremlin in Moscow using drones on Wednesday....
https://knews.kathimerini.com.cy/en/news/commissioner-in-cyprus-to-probe-russian-asset-freeze
Commissioner Reynders will request information on the total value of the assets of 'Russian oligarchs' in Cyprus that have been frozen by the authorities he told Cyprus News Agency in an interview, noting that so far, according to official figures 104 million euros in assets have been frozen, which is considered a low amount...
https://knews.kathimerini.com.cy/en/news/moscow-accuses-kyiv-of-trying-to-assassinate-putin
President Vladimir Putin's office reported that Ukraine carried out two drone attacks overnight with the intention of hitting the Russian President's Kremlin residence....
https://knews.kathimerini.com.cy/en/news/more-details-and-questions-emerge-in-disappearance-case
New developments and more questions emerged on Tuesday in the disappearance of a Limassol man after police re-arrested the main suspect hours before his remand expired, with reports saying the judge heard about new incriminating statements from other jailed suspects...
https://knews.kathimerini.com.cy/en/news/cyprus-tightens-criteria-for-immigration-permit-scheme
A revised set of criteria on the expedited process for granting immigration permits to third-country nationals who invest in Cyprus will be in effect as of May 2, 2023, the Interior Ministry announced on Friday....
https://knews.kathimerini.com.cy/en/news/disappearance-less-clear-after-cops-nab-hacker-s-pal
A man said to be an acquaintance of Little Hacker, the detained suspect in a disappearance case possibly linked to cryptocurrency theft, has also been nabbed by police after investigators became suspicious over partial statements he had made, but charges still remained unclear...
https://knews.kathimerini.com.cy/en/business/finance-minister-considers-lowering-vat-rates-for-basic-necessities
The Minister of Finance of Cyprus, Makis Keravnos, has announced that the Ministry is considering measures for banks and credit-acquiring companies to absorb high-interest rate increases, as well as reducing value-added tax (VAT) for basic necessity products to tackle high prices....
https://knews.kathimerini.com.cy/en/news/finance-minister-requests-containment-of-lending-rates-for-housing-loans
The Finance Minister of Cyprus, Makis Keravnos, has written letters to the Director General of the Cyprus Banks Association and the Director General of the Association of Credit Acquisition Companies and Credit Facility Managers, requesting measures to control rising lending rates for serviceable loans up to €350,000....
https://knews.kathimerini.com.cy/en/business/numerous-foreclosure-sales-expected-in-2023-and-2024
The COVID-19 pandemic and the subsequent suspension of divestments since 2020 have led to the creation of a considerable volume of properties for disposal that banks and credit purchase companies have on their balance sheets....
https://knews.kathimerini.com.cy/en/news/whistleblower-suspicious-of-biden-s-cyprus-trip-in-2014
A former White House stenographer is accusing US President Joe Biden of committing crimes a decade ago in connection with Ukraine and Cypriot-registered gas company Burisma, while also raising suspicions over a private dinner in Limassol back in 2014...
https://knews.kathimerini.com.cy/en/business/1-houses-for-sale-by-astrobank
Ideal as holiday homes, primary residences, or as an investment...
https://knews.kathimerini.com.cy/en/news/cyprus-bill-proposes-stricter-penalties-for-dog-owners
A bill amending existing animal welfare legislation which is being discussed at the parliamentary committee level aims to introduce strict penalties for dog owners but leaves untouched provisions to do with the euthanasia of dogs, something that has sparked the reaction of animal welfare organizations....
https://knews.kathimerini.com.cy/en/news/inside-the-high-stakes-prosecution-of-a-former-president
Former U.S. President Donald Trump has made history by becoming the first president to face criminal charges before a court of justice in the United States. ...
https://knews.kathimerini.com.cy/en/news/new-migration-scandal-looms-after-network-uncovered
A new scandal involving services for asylum seekers may have been inadvertently uncovered in Limassol, where arrest warrants have been issued amid strict rules for renewing driver permits and a black market designed to overcome restrictions...
https://knews.kathimerini.com.cy/en/news/single-eu-work-residence-permit-for-3rd-country-nationals
The Members of the European Parliament’s Civil Liberties Committee have agreed today on a draft legislation that updates the way single work and residence permits for third-country nationals are issued....
https://knews.kathimerini.com.cy/en/business/eu-states-need-foreign-workers-and-are-changing-their-requirements
Working in EU: Recent Changes You Must Be Aware of If You Are Planning to Get a Job in Any of the Member States...
https://knews.kathimerini.com.cy/en/comment/opinion/it-s-that-time-yet-again-when-discussions-on-the-cyprus-issue-and-the-eu-abound
There are no last chances beyond the emotional charge of those involved in the Cyprus problem; only conditions abroad and at home that improve and deteriorate, and real life that consolidates situations and parameters....
