The parliament today approved the first comprehensive overhaul of the Cyprus tax system since 2002, marking a pivot toward a…
Cyprus tax reform: What changes for families, businesses and taxpayers
Parliament approved a sweeping tax overhaul today, the island’s first comprehensive reform in 23 years, raising corporate taxes whilst expanding…
Australian halloumi at risk as Canberra bans Cyprus food imports over foot and mouth outbreak
Trade relations between Cyprus and Australia have entered an emergency state after Canberra removed the island from its list of…
Cyprus corporate tax jumps to 15% as parliament set to approve first major overhaul in 23 years
Cyprus will raise its corporate tax rate to 15% from 12.5% under a landmark reform package parliament is expected to…
DIKO leader blasts government inertia over Great Sea Interconnector
A deepening rift has opened between President Nikos Christodoulides and his key coalition partner, DIKO leader Nicolas Papadopoulos. The friction…
Chevron’s long game: Why the US oil giant stays in Venezuela
For nearly twenty years, Chevron’s stubborn refusal to leave Venezuela looked like a multibillion-dollar blunder. As Caracas and Washington traded…
Alpha bank merger reshapes Cyprus insurance sector
The banking and insurance sectors in Cyprus have largely shifted to the control of Greek groups, intensifying competition among them,…
Tomatoes down, beef up as Christmas food prices ‘mixed bag’ for shoppers
Consumers in Cyprus face a varied outlook for their festive budgets as the Consumer Protection Service released its annual Christmas…
Jet2 announces new London Gatwick to Paphos route for 2026
The Deputy Ministry of Tourism has confirmed that Jet2 will launch a new flight route connecting London Gatwick and Paphos…
DIKO leader demands clarity from Christodoulides as cabinet rift deepens over energy link
The President of DIKO, Nikolas Papadopoulos, launched a scathing attack on Finance Minister Makis Keravnos on Friday, accusing him of…