The government has extended reduced excise duties on fuel until 15 January 2023 in a bid to alleviate the effects of soaring inflation driven by the war in Ukraine. Finance Minister Constantinos
Almost a quarter (23.6%) of all self-employed people aged 18 and over in the EU are at risk of poverty and social exclusion, although that ratio is less than half in Cyprus.
Cyprus’ technology performance continues to improve after being promoted to the group of “strong innovators” on the 2022 European Innovation Scoreboard, prepared by the EU Commission. With a performance of 106.9% of
Cyprus’ drive to attract foreign businesses has brought impressive results, with nearly 8,000 applications received in the past two years, said Interior Minister Nicos Nouris. The Minister at VIII Best Legal Conference
Cyprus has achieved its target for tourist arrivals exceeding 2021 and is gearing for a “difficult 2023” with EU markets as its focus, said Tourism Minister Savvas Perdios. Tourist arrivals in January
Cyprus’ population is ageing at a worrying pace, as people over 65 now outnumber those under the age of 15, said MPs. This creates a huge tax burden in the future for
Rating agency DBRS Morning Star has downwardly revised Cyprus’ growth outlook again amid gloomier forecasts for the global performance considering soaring inflation and heightened uncertainty due to the Ukraine war. In its updated forecasts, the
Cyprus will tighten rules for cryptocurrency payments to crack down on fraud and criminal activities hiding behind transactions made with virtual money. The House expects the government to submit its amendments to
A joint training session on special naval operations took place in September between the Naval Command of the National Guard, the Armed Forces of Greece and the United States. According to the National Guard, the
Cyprus and Washington have completed the Acquisition and Cross Services Agreement (ACSA) that facilitates US military and naval presence in the region by providing effective logistical support. The deal between the Republic
