https://knews.kathimerini.com.cy/en/business/€14-million-in-unpaid-vat-gone
Tensions ran high at the House Audit Committee on Thursday after MPs discovered that ''Blue Ocean,'' a Cyprus-based company linked to Abramovich, was dissolved in 2024 without settling a €14 million VAT bill, a debt that’s been on the books since at least 2010....
https://knews.kathimerini.com.cy/en/news/surprise-surprise-cyprus-near-the-top-again-in-eu-electricity-costs
Cyprus had the second highest electricity prices in the European Union relative to consumer purchasing power in the second half of 2024, according to new data from Eurostat, the EU’s statistical agency....
https://knews.kathimerini.com.cy/en/business/cyprus-fuel-prices-raise-eyebrows-and-questions
If you feel like you’re paying more at the pump lately, you’re not imagining it....
https://knews.kathimerini.com.cy/en/news/50-of-recyclables-in-koshi-are-landfilled
50% of recyclable products sent to Koshi are being landfilled in the cell at the factory there, while recyclables from Limassol and Paphos, at least in recent months, are being exported abroad for management....
https://knews.kathimerini.com.cy/en/news/man-s-time-runs-out-at-larnaca-airport-over-undeclared-luxury-watches
A passenger arriving from Switzerland was forced to pay more than €29,000 at Larnaca Airport after customs officers found two undeclared luxury watches valued at over €100,000 in his luggage....
https://knews.kathimerini.com.cy/en/news/europe-to-tourists-enough-is-enough
If you’re planning a European getaway in 2025, expect more rules, higher fees, and fewer places to party. From Venice to Santorini, some of Europe’s most iconic destinations are saying “enough is enough” when it comes to mass tourism....
https://knews.kathimerini.com.cy/en/news/cyprus-economy-set-to-slow-down-says-imf
The International Monetary Fund (IMF) has lowered its expectations for how much Cyprus's economy will grow over the next two years....
https://knews.kathimerini.com.cy/en/news/from-summer-hotspot-to-all-year-hub
Cyprus has big dreams, and according to Christos Angelides, General Manager of the Pancyprian Hotel Association (PASYXE), it’s going to take grit, vision, and a lot of teamwork to turn the island into a top-tier, all-year-round destination. But the potential? It’s definitely there....
https://knews.kathimerini.com.cy/en/news/trump-unveils-$5m-‘trump-card-for-citizenship-is-it-right-out-of-the-cyprus-playbook
In classic Trump fashion, the president made headlines yet again—this time mid-air aboard Air Force One—by unveiling a new “Trump Card” aimed at wealthy foreign investors....
https://knews.kathimerini.com.cy/en/news/one-in-three-cypriot-households-struggling-with-rising-costs
Cypriots are feeling the pinch in different ways, according to a new survey that highlights the divide in how people are coping with their household finances....
https://knews.kathimerini.com.cy/en/news/what-s-behind-the-increase-in-waste-and-property-taxes-in-engomi
Nicosia’s Mayor, Charalambos Prountzos, explained the decision to increase waste and property taxes in Engomi....
https://knews.kathimerini.com.cy/en/news/businesses-call-for-simpler-fairer-tax-reform-in-cyprus
The Institute of Certified Public Accountants of Cyprus is raising concerns over Cyprus’ proposed tax reform, arguing that while the new framework aims to ease the tax burden on individuals and businesses, it remains overly complex. ...
https://knews.kathimerini.com.cy/en/comment/opinion/brain-gain-as-cypriots-return-to-growing-opportunities
The door has opened. There’s a flow of talent heading to Cyprus, driven by the country’s growing need for skilled workers, especially in technology and ICT. ...
https://knews.kathimerini.com.cy/en/news/cyprus-farmers-face-ruin-as-drought-devastates-crops
Cypriot farmers are staring down a bleak future as a third consecutive year of drought wreaks havoc on their crops. Many now face tough decisions, with some fearing financial ruin as their fields dry up and their harvests fail....
https://knews.kathimerini.com.cy/en/business/how-cyprus-became-the-secret-hub-of-the-global-porn-industry
When people think of Cyprus, they picture sunny beaches, rich history, and perhaps a financial hub. But what few realize is that the island is also home to some of the world's biggest players in the adult content industry....
https://knews.kathimerini.com.cy/en/news/cyprus-tax-reform-a-win-for-families-a-challenge-for-businesses
Cyprus is set to undergo its first major tax reform in over 20 years, with changes expected to align the system with the country’s evolving economic landscape....
https://knews.kathimerini.com.cy/en/news/calls-for-action-against-energy-poverty-amid-tragic-deaths
Political parties are urging immediate action against energy poverty following a series of fatal fires caused by unsafe heating conditions....
https://knews.kathimerini.com.cy/en/business/nasdaq-listed-freedom-24-is-making-its-mark-in-cyprus-and-beyond
When Timur Turlov, the CEO of Freedom Holding Corp., set his sights on Cyprus, he saw more than just a financial hub—he saw opportunity. In a market where fintech companies are staking their claims, ...
https://knews.kathimerini.com.cy/en/news/cyprus-tax-reform-aiming-for-innovation-sustainability-and-simplicity
A major tax reform is underway in Cyprus as part of the Tax Transformation Project, led by the Centre for Economic Research (CER) at the University of Cyprus. ...
https://knews.kathimerini.com.cy/en/news/how-abramovich-evaded-millions-in-taxes-using-cyprus
A massive tax evasion scheme tied to Roman Abramovich’s superyachts has been uncovered, shedding light on how the Russian billionaire exploited Cyprus’ offshore business environment. Leaked documents reveal that from 2005 to 2012, Abramovich’s companies set up a fake yacht-leasing business in Cyprus to dodge EU taxes on his luxury vessels....
https://knews.kathimerini.com.cy/en/news/european-parliament-seeks-cypriot-administrators
In a significant move to address imbalances in staff representation, the European Parliament has launched a competition aimed specifically at Cypriot nationals....
https://knews.kathimerini.com.cy/en/news/100-tax-on-foreign-buyers-in-spain
Spain’s Prime Minister Pedro Sanchez has proposed bold measures to address the country’s housing crisis, including a 100% tax on homes purchased by non-EU foreigners....
https://knews.kathimerini.com.cy/en/comment/opinion/it-was-a-low-bar
The Housing Grant Scheme for young couples and individuals up to 41 years of age was launched on 31 October 2024, with a target of 400 beneficiary applications and a total budget of €15 million. ...
https://knews.kathimerini.com.cy/en/news/the-international-ombudsman-institute-advocating-for-fairness-and-justice-across-europe
The International Ombudsman Institute (IOI) is a global organization that brings together over 200 Ombudsman offices from more than 100 countries. ...
https://knews.kathimerini.com.cy/en/news/funeral-parlors-accused-of-paying-bribes-for-bodies
Licensed funeral parlor owners in Cyprus are raising alarm over what they describe as an alarming trend of illegal funeral homes bribing hospital workers to secure the bodies of the deceased. ...
https://knews.kathimerini.com.cy/en/news/offside-with-the-taxman-as-football-execs-face-€35-5m-penalty-shootout
The technocrats of the Tax Department are continuing the process of finalizing indictments against football clubs....
https://knews.kathimerini.com.cy/en/news/cyprus-banks-see-€1-billion-in-profits-as-npl-s-decline-in-2024
Cypriot banks reported impressive financial growth in the first nine months of 2024, with total profits reaching €952.5 million after taxes, a sharp rise from €602.92 million by mid-year.
...
https://knews.kathimerini.com.cy/en/business/president-s-banking-measures-spark-surge-in-first-home-loans
President Nikos Christodoulides' efforts to support citizens through new banking measures are beginning to yield results. Meetings held in December with the CEOs of Cyprus’ two major banks, Bank of Cyprus (BoC) and Hellenic Bank (HB), appear to have sparked a tangible interest in first-home mortgage schemes....
https://knews.kathimerini.com.cy/en/news/cyprus-increases-interest-rates-on-arrears-and-court-cases-for-2025
Starting January 1, 2025, Cyprus is increasing interest rates related to arrears and court cases, which could affect anyone with overdue debts to the state or those involved in legal disputes....
https://knews.kathimerini.com.cy/en/comment/opinion/the-bizonal-myth-reuniting-cyprus-by-keeping-it-apart
Nearly half a century since the term ''Bizonal Bicommunal Federation'' entered the political discourse in Cyprus, no political party or government has ever explained to the public what this term truly means....
