Coronavirus has taken its toll on Cypriot betting habits as gaming companies saw their earnings slashed by half in the second quarter compared to the same period last year. While sports betting had been on the rise in recent years, the fallout from Covid-19 restrictions saw bets placed fall by 50% in Q2 2020, compared
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Real estate property tax has been abolished; however, the Municipal taxes remain in place. These taxes are based on January 1, 2018 valuation as prepared by the Land Registry and a certain percentage is applied on this to deduce the Municipal taxes. The question that we raise is how the percentage is calculated and where
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By Christos Kalli You talk about them over souvlakia, during the casual, let alone weekly, thirty-people family gatherings. You turn to the last thing they said when the conversation dries up. If someone at the table claims to have seen one of them, you will hear follow-up questions, maybe even a gasp. ‘The rising heroes
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Hellenic Bank reported a lower first half net profit of EUR 17.7 mln, impacted by the coronavirus pandemic, down from EUR 58.3 mln in the same period last year. The second biggest lender in Cyprus saw a turnaround in the second quarter, posting a profit of EUR 20 mln, compared to a net loss of
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Health authorities announced eight new cases of Covid-19 on Friday, as patients at Famagusta General, the country’s COVID-19 hospital, reached its highest number for months with 14 patients. Cyprus kept its cases in single digits for a second day running, after a spike in cases that peaked at 36 on Wednesday. Of Friday’s cases, three
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Cyprus’ epidemiological picture has deteriorated with the COVID-19 transmission rate rising dangerously above one to 1.5, according to the latest Health Ministry report Friday. The increase is attributed to several clusters in Larnaca which is experiencing a spike in coronavirus cases. There were four clusters reported in Larnaca until Tuesday with more than 50 infections.
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By Nikolas Ioannou BNP Paribas has released its second 2020 report regarding the property market outlook post-pandemic, presenting forecasts about real estate in uncertain times. The obvious differentiation regarding the previous report published in January is the fact Europe’s economy has moved from worrying about systemic risks arising from trade protectionism and Brexit to one
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Greece supports Cyprus in seeking targeted sanctions against Turkey for violating its territorial water in exploratory gas drilling, Greek Foreign Ministry spokesperson Alexandros Gennimatas said on Friday. Gennimatas was replying to a question over the possibility of the EU imposing sanctions against Ankara due to the tensions with Greece and Cyprus in the Eastern Mediterranean.
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British Bases areas customs and immigration officials said measures relating to COVID-19 test certificates at crossing points in Pergamos and Strovilia have led to some arrests for providing false documentation. Measures introduced at the crossing points since the pandemic was declared earlier this year, mean people making the journey from the Turkish Occupied Areas must
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Following the creation of COVID-19 hotspots at two top-flight football clubs, the Health Ministry and the Cyprus Football Association on Friday announced a series of new measures to stem the virus from spreading among players. According to a joint statement issued by the CFA and the Health Ministry, they decided to get tougher on clubs
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