Business is in turmoil over the government’s move to increase corporate tax from 12.5% to 15%, fearing Cyprus losing an advantage over competitors as an investment destination. Business lobby groups argue the
Venus Minerals’ most recent appraisal drilling in Kokkinoyia revealed that the project’s tonnage is three times higher than expected. According to the company’s updated Mineral Resource Estimate for Kokkinoyia, the project’s estimated
Next year, Cyprus will proceed with tax reforms, including increasing corporate income tax and introducing green taxation to achieve its environmental targets, Finance Minister Constantinos Petrides said. Speaking before the Parliament’s plenary
Bankers agree that adaptation to competition by fintech firms in an environment of low profitability and risks associated with climate change are fresh challenges facing the eurozone banking system. This was the
As people spend more time working from home, using their mobile phones and social media for entertainment and information, more Cypriot businesses turn to digital platforms to market products and services. A
Loan restructurings recorded a 400% increase in the first six months of the year, reaching €1.4 bln, Cyprus Central Bank Governor Constantinos Herodotou told MPs. Herodotou, addressing Monday’s House Finance Committee on
Rising labour shortages across sectors of the economy, particularly in tourism, have hoteliers worried they will be unable to respond to increased tourist arrivals in 2022. The Association of Cyprus Tourist Enterprises
The International Bank Account Number (IBAN) is a standard account number structured according to the specifications issued by the European Committee for Banking Standards (ECBS) and the International Organisation for Standardisation (ISO).
A Cyprus start-up company hopes to contribute to a food revolution, moving away from a meat-based diet to a more sustainable plant one, satisfying the taste buds of everyone. The Mighty Kitchen,
Inflation in Cyprus kept rising to 4.3% in November due to the sharp increase in the price of electricity and petroleum products. According to the Statistical Service, in November, the Consumer Price
