Blog - Page 4840

VAT to rise to 19% in Germany

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Germany plans to increase VAT from 16% to 19% as part of a wider tax set of tax increases that aim to bring the big budget deficit under control. The new VAT rate would come into force from January 2007. Economists have gathered round to criticise the tax, arguing that it will hit German consumers

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Cyprus wins first European prize for poster competition

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Cyprus has won first prize in a competition for the best European poster on children’s rights in the EU, in the 10 – 14 year age group, the Cyprus News Agency reports. Around 2,237 teams from all over Europe participated at the competition. A ceremony took place in Brussels on Thursday, where the European Commission

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Cyprus fails to qualify for Eurovision

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Cypriots were disappointed on Thursday night that Cyprus failed to qualify for the Eurovision Song Contest final which will take place in Athens on Saturday. In a tele-voting procedure, the semi-final for the 51st Eurovision Song Contest saw Cyprus voted out. Cyprus’ entry was “Why angels cry”, performed by Annete Artani, who was in fact

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Trouble brewing over Turkey

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Enlargement Commissioner Olli Rehn warned again of a “train crash” between Turkey and the EU this Wednesday amid signs that Turkey has no intention of implementing the Ankara Protocol without a deal on Turkish Cypriot trade. Meanwhile, the Greek Cypriot media are reporting that there are moves afoot by countries such as the UK to

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BOC rallies, Cyprus equities to reverse losses

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Bank of Cyprus shares trading in Greece staged a spectacular rally on Friday, jumping 5.68% to close at EUR 7.44 or CYP 4.28, in sharp contrast to a big plunge on the CSE and a weaker Sophocleous, indicating that when trading resumes on Monday, the CSE will recover. Major funds were heavy buyers on Friday,

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Hellenic Private Banking on growth path

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INTERVIEW Managing wealth is not an easy task, but at Hellenic Bank Private Banking, high-net worth individuals or those with more than CYP 50.000 to invest are promised a dedicated service, tailor-made to suit their growing and demanding needs. In an effort to offer the very best, Hellenic Private Banking has teamed up with and

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