The government is reported to be close to tabling new legislation, slashing the bet tax on fixed-odds games like football, FI and other international sports from 25% to 8%. The bet tax on local horse racing games is also set to be reduced from 10% to 3%. Under the proposal, the reduced bet taxes will

Bank of Cyprus shares trading on the ASE finally made a clear break above EUR 3.34 resistance, touching an intra-day high of EUR 3.44 or CYP 2.00 on high volume, which helped pull the CSE sharply higher. While the shares then eased back to EUR 3.38 by 13.30hrs, the breakout on Sophocleous was enough to

The Council of Ministers appointed the chairman and vice chairman of the Board of Directors of Cyprus Airways as well as two new members. The new Chairman is Lazaros Savvides, current Permanent Secretary at the Ministry of Interior, who replaces Constantinos Loizides who resigned on Wednesday. The new vice chairman is former Health Minister Frixos

Online auction house eBay has launched a series of classified advertising websites in Canada, China, France, Germany, Italy and Japan. The move comes as the company faces pressure to match its strong earnings growth figures of recent years. eBay shares slipped after its October to December profits failed to meet market expectations, despite rising 44%