Income Tax revenue up 7.8% in March

According to the Inland Revenue Department (IRD) revenue for the period January – March 2008 increased by 7.8% YoY to EUR 445.8 mln from EUR 413.5 mln in the same period a

CSE adjustment on LAS hurts investors

The decision by the CSE to adjust the price of Laser Investments (LAS.CY) following the introduction of the new shares has caused tremendous pain for investors who saw the price of Laser

Cyprus approves minimum wage hike

The Council of Ministers approved the proposed increase in the minimum wage to EUR 743 (CYP 435) from EUR 698.82 (CYP 409) previously, recording an increase of 6.35%. The decision concerns secretaries,

U.S. rice jumps to record high on supply fears

(Reuters) – U.S. rice futures rose to a fresh all-time high on Wednesday on worries about supply shortages which have triggered political unrest and export restrictions designed to protect dwindling domestic stocks.

Samsung boss indicted for tax evasion

Samsung Group Chairman Lee Kun-hee was indicted on charges of tax evasion and breach of trust, but was cleared of a more serious bribery charge after a probe into South Korea's biggest