2023 state budget debate begins

A three-day session of parliament to discuss the government’s 2023 state budget begins on Tuesday. The budget is the tenth and last under President Nicos Anastasiades’ administration. The budget provides for total

Homeowners cheated state of €16.2 mln VAT

Over 270 people, mostly foreign investors eyeing a Cypriot passport, benefited from the reduced rate of 5% VAT for first-time home buyers instead of paying the standard 19% rate, with state coffers

French aircraft carrier in Cyprus exercise

French navy aircraft carrier Charles de Gaulle is back in Cyprus to participate in air defence exercises. Defence Minister Charalambos Petrides confirmed that air defence exercises are taking place off Cyprus, where

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Euromed Tech Hub created in Cyprus

The ANIMA Investment Network board unanimously decided to create the Euromed Tech Hub in Cyprus. It is viewed as a “significant success” for Cyprus, as the Euromed Tech Hub will function as