Cyprus is pushing ahead with pension increases and a minimum wage rise following three new credit rating upgrades, as President…
Prometheus vessel ready by December, but Cyprus may send €200m FSRU abroad for certification
Installation of the remaining equipment on the Prometheus is expected to be completed by late November or early December, after…
Tax department can now seize shares from wealthy evaders hiding behind companies
Cyprus is closing loopholes that have allowed some taxpayers to dodge their obligations by hiding wealth in company shares whilst…
Cypriots race to squeeze in one more trip before 2025 ends
An interesting and very recent survey shows that Cypriot travellers have not yet “written off” 2025, even though little time…
Europe ends free ride for small parcels, duties coming for shipments from third countries
Starting 2026, European citizens will have to pay more for small parcels they receive for purchases made through third-country platforms.…
Fredrik Persson: Time for European business to step up
Speaking from Nicosia, BusinessEurope president Fredrik Persson – who leads Europe’s largest confederation of employers and business federations – sent…
Kiosk owners demand Cyprus exemption from EU tobacco tax directive over smuggling fears
Kiosk owners are demanding the Republic of Cyprus be exempted from a proposed EU directive that would increase taxation on…
Christodoulides heads to Lebanon as energy giants eye more Cyprus gas blocks
Energy giants have shown interest in operating in more blocks within the Republic of Cyprus’s Exclusive Economic Zone, President Nikos…
Cyprus pork prices stay high despite 29% drop in producer costs
Producer prices for pork have plunged nearly 30% over the past year, but shoppers are seeing little benefit at the…
Cyprus tax reform sets income thresholds for new deductions
Taxpayers will qualify for additional tax deductions covering children, students, green initiatives and mortgages under strict income conditions in the…