The government decided to slash taxation on interest income from 30% to 17%, Finance Minister Makis Keravnos said, hoping banks will follow suit in boosting revenue for depositors. During the 2013 financial
Apple’s iPhone 15 event on Tuesday will boost stock prices for shareholders, but it will not be enough to recover its stock market valuation which fell by more than 6%, or almost
Cyprus is among the top 20 countries for economic freedoms but has ground to make up, according to the Economic Freedom Report issued by The Heritage Foundation. According to the report, Cyprus
During the past decade, halloumi exports have increased tenfold to reach a whopping €284 mln and are expected to rise further, thus becoming a steady pillar of the island’s economic growth. Speaking
Cypriot dairy producers are planning to enter supermarkets in Israel, excited over confirmation the country will lift all customs duty applicable to various cheese products, paving the way for halloumi to conquer
Tesla, a prominent manufacturer, has seen its dominating position challenged as China’s BYD has now taken the lead in terms of electric vehicle (EV) sales volume, nearing the 200,000 monthly mark. Competition
Enhancing technology and innovation are at the cornerstone of the government’s vision for the economy, President Nikos Christodoulides said at the first Techisland Awards in Limassol. He said the government promotes initiatives to enhance the
President Nikos Christodoulides assured that his government supports the business community, providing tangible support to efforts for development and progress. He spoke on Tuesday evening during the inauguration of the new production
Ancoria Bank is increasing its interest rate to 3% for time deposit accounts for 12 months, while deposit rates in Cyprus are on the drop once again. According to the Central Bank
The Olivewood incentive scheme designed to promote Cyprus’ revamped audiovisual sector for big movie studios to sprinkle more Hollywood magic has been given a three-year extension till the end of 2026. The
