* Troika is back, but warns that any Cyprus bailout would need to see VAT hiked to 20%, minimum wage cut by 15%, COLA abolished and retirement age rise to 65 *
The overall positive assessment on the current attractiveness of Cyprus as a business centre is driven mainly by the low 10% tax rate which tops the list of island’s main advantages, according
The Electricity Authority of Cyprus is seeking more than 1.2 mln tonnes of gasoil and fuel oil for next year's power generation, a 15% increase from its 2012 purchase, as its electricity
Al Qaeda's affiliate in Iraq has claimed responsibility for a spate of attacks across the country targeting mostly Shi'ite Muslim targets this week that killed and wounded hundreds of people. The Islamic
The Troika mission to Cyprus (European Commission, ECB and IMF) will meet here today, in separate meetings, trade unions representatives as well as the two main employers’organizations. On Tuesday, the Troika met
Ministerial Committee responsible for economic issues had on Tuesday its first in dept discussion with the representatives of the Troika. A Troika mission (representatives of EU Commission, European Central Bank and IMF)
Until the end of 2012 we must have specific proposals for bringing natural gas to Cyprus, Minister of Commerce, Industry and Tourism Neoklis Sylikiotis has said. Speaking on the sidelines of the
Cypriot athletes who are going to compete in the London Olympics to begin July 27 are gathering in the British capital while the delegation from the Cyprus Olympic Committee is doing its
Deputy Minister for European Affairs Andreas Mavroyiannis said Tuesday he was optimistic but also realistic about an agreement on the Multiannual Financial Framework (MFF) 2014-2020 by the end of the year. The
**Outbound tourism also up** Tourism arrivals leapt by 9.7% over the year earlier in June despite a fall in the number of arrivals from the UK, which remains by far the largest
