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61. Shakira's €14.5m showdown ends with a €7m encore

Pop star Shakira has gracefully sidestepped a €14.5 million tax trial in Spain, sealing a last-minute deal with authorities just as proceedings were set to commence....

62. Pocket drain or green gain? Denmark's tricky tax call

Airports Council International Europe has issued a cautionary note to the Danish Government, discouraging the introduction of a passenger tax averaging 100 Danish krone or $14 (€13.41) on air travel....

63. Create a 'superministry' to reduce bureaucracy

In Cyprus, the proliferation of committees, excessive bureaucracy, and overlapping responsibilities of high-ranking officials have reached unprecedented levels, especially when problems are on the rise....

64. 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. ...

65. Traffic woes make Nicosia's core the key to urban transformation

Traffic is one of the most pressing issues that need resolution. While all cities face similar problems, Nicosia leads the pack. Focusing on Nicosia, the state's main effort is concentrated on developing the regional road network—an effort I not only agree with but advocate for intensifying. ...

66. Which European country bears the brunt of energy costs?

The pre-tax prices of electricity and natural gas soared after Russia's full-scale invasion of Ukraine, but they're now on the decline. Although slightly higher than the second half of 2022, the final prices for customers, including taxes, reached their peak in the first half of 2023....

67. Cyprus' passport ranks 21st worldwide thanks to its perks and power

Cyprus's passport is currently the 21st most powerful globally, with a total score of 104.00. This ranking considers not only travel opportunities but also taxation, global reputation, dual citizenship policies, and personal freedom....

68. Cyprus delays green tax implementation to early 2024

"It's paranoid that, at a time when there is accuracy and an increase in fuel prices, the government is implementing measures to combat price increases, and additional taxes are being introduced," stated Finance Minister Makis Keravnos during the discussion of the 2024 budget in Parliament....

69. Tax audits expose unexplained remittances

Remittances abroad that are not justified by incomes declared in tax statements, problematic parental concessions or donations to children with sums of money directly “from the mattress,” and undeclared earnings were detected by the tax inspection centers in the audits they carried out in the first seven months of the year. ...

70. EY Cyprus organised an event on the implementation and implications of the European Corporate Sustainability Reporting Directive (CSRD)

EY Cyprus has organized an event to present the challenges that many Cypriot companies will face in implementing the European Corporate Sustainability Reporting Directive (CSRD) and the European Sustainability Reporting Standards (ESRS). ...

71. Targeted fuel and heating reductions in government's considerations

The Cyprus Electricity Authority has announced a 3% increase in electricity prices for upcoming bills. ...

72. Singapore drivers hit with £88,000 bill just to own a car

Drivers in Singapore now need to pay £88,000 for the right to own a car - and that doesn't include the cost of the vehicle itself....

73. From fines to fine lines

The face of the honorable Minister of Transport, Alexis Vafeadi, conveyed a different message compared to his statements before the Parliament's Transportation Committee....

74. Tax return deadline extended to October 31

The Finance Ministry has announced an extension of the tax return submission deadline for the year 2022 until October 31, 2023, at 23:59. This extension comes after a proposal presented to the Council of Ministers....

75. AKEL blasts government amid rising bank profits

The political party AKEL has voiced its discontent with the government's handling of economic issues, particularly in light of the recent decision to raise interest rates for the tenth time....

76. France to prohibit disposable e-cigarettes in new anti-tobacco initiative

France plans to ban disposable electronic cigarettes, French Prime Minister Elisabeth Borne said on radio station RTL on Sunday....

77. Big on big issues and small on small issues

Are you tired of scrolling and reading throughout long and multiple pages filled with every single detail of each accounting policy your entity of interest is using the last couple of years, only to find what really matters for you in page 25? Don’t get me wrong! I do that for living....

78. Unmasking Jack Straw's biased agenda in Cyprus problem

In an article published in Politico, former British Foreign Secretary Jack Straw suggested dividing Cyprus. He argues that Britain, which guarantees the independence and territorial integrity of the Republic of Cyprus, cannot achieve a two-state solution on its own. ...

79. Step up, weigh in! Korean Air weighs passengers for safety

Starting Monday, passengers flying on Korean Air may be asked to step on a scale before boarding their flight. ...

80. Fuel tax cut to aid low incomes

The association called "Equality" is requesting a reduction in fuel taxes through a letter addressed to the Minister of Finance, Makis Keravnos....

81. Is Poland upset with Ukraine?

The eastern flank of the European Union — particularly Poland — continues to play a crucial role in helping Ukraine fight against Russia’s invasion. A recent diplomatic squabble over grain imports, compounded by historical issues, puts the once-stable footing at risk....

82. Government achieves €155.5M surplus in 2023

Cyprus government's surplus for the first half of 2023 increased to €155.5 million, equivalent to 0.5% of GDP, compared to a deficit of €92.4 million (-0.3% of GDP) for the period of January-June 2022, based on preliminary fiscal results from the Statistical Service of Cyprus. ...

83. Cyprus-Oman double taxation agreement approved

The Council of Ministers approved on Wednesday an agreement for double taxation avoidance and the prevention of tax evasion regarding income taxes as well as the relevant protocol between the Republic of Cyprus and the Sultanate of Oman, Minister of Finance, Makis Keravnos said after the Cabinet meeting....

84. Larnaca - Piraeus ferry ready to set sail in ten days

In ten days, on July 29, the Larnaca - Piraeus ferry line is set to launch, and the demand has surged, with the Daleela ferry already fully booked. According to Deputy Minister of Shipping, Marina Hadjimanoli, who spoke on the show "Διασπορά Ειδήσεων" on SPOR FM,...

85. Gasoline trade in divided Cyprus

The issue of gasoline from the occupied territories is one of the most well-known psychodramas of Cyprus. It is a distortion of the market due to the country's division and the occupation of part of it by another country. ...

86. France showcases strength and diplomacy on Bastille Day

France celebrates its fête nationale every year with fireworks, concerts, and an extravagant military parade down the Champs-Élysées in the presence of the president, a bevy of politicians, and often a foreign head of state as an honored guest....

87. Schools vulnerable to ransomware

The confidential documents stolen from schools and dumped online by ransomware gangs are raw, intimate, and graphic. They describe student sexual assaults, psychiatric hospitalizations, abusive parents, truancy — even suicide attempts....

88. Understanding price levels in Cyprus and how they compare to the EU average

According to the latest data from Eurostat, the statistical service of the European Union, the price levels for household expenses in Cyprus were 91% of the EU average in 2022....

89. June Newsletter - Deadline for settlement of taxes through self-assessment

90. Cyprus's slow ride on the electric car bandwagon

We are slowly rushing towards zero-emission transportation. The data from new vehicle registrations indicate that while the numbers are increasing, the percentage of electric cars on Cypriot roads remains limited....