VAT on taxis drops to 8%

The VAT rate for taxi journeys is set to drop to 8% from the current 15% following a decision by Minister of Finance Makis Keravnos. The minister had come under pressure from

U.S. human rights report “a pack of lies”

The Cyprus House of Representatives, in an extraordinary resolution, unanimously rejected on Thursday night, the US State Department Human Rights Report on Cyprus, describing it as false, prejudiced, lacking objectivity and completely

Revolting wheat farmers still on roads

Wheat growers continued to keep the island’s road junctions hostage Friday, as tractors brought traffic to a standstill, saying the government’s subsidy offer fell CYP 3 mln short of their demands for

Laiki eBank now offering eloans and etrading

Laiki eBank, the electronic banking unit of Laiki Group, announced a new personal loan product, Laiki eLoan offering customers the flexibility to determine the loan terms based on each customer’s preferences. Customers

15% increase in travel abroad

The number of Cyprus residents travelling abroad rose by 15% year on year in January to 55,290, according to data released by the Statistical Service. Greece was the most popular destination, with

ECB rate decision today

The European Central Bank’s Governing Council meets at 09.00 Central European time today to decide on interest rates for the 12-nation euro area. The current main refinancing rate–the minimum bid rate on

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