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The Limassol municipality is helping businesses affected by the pandemic by suspending or discounting a number of fees and taxes.

According to a press release by the municipality, the decision was ratified during a recent meeting and applies to businesses who were forced to suspend their operations during the implementation of lockdown measures.

The discounts cover the rights of use of commercial premises (licenses of commercial premises), the license of use of entertainment and catering venues (referencing article 112) and the garbage collection fees (with the exception of residential premises to which the same charge as the previous year will be imposed).

The reductions will be calculated based on the number of days the companies had to close down according to the relevant decrees.

The National Betting Authority has enforced a new code of conduct when it comes to the marketing practices of all betting companies licensed in Cyprus.

The new code of conduct, in effect since July 1, aims to shield minors from being exposed to betting ads, as well as provide further protections to all citizens.

“With the revision of the advertising code of conduct, we took another step to create a stricter framework for the protection of players,” said National Betting Authority chairwoman Ioanna Fiakkou.

“The revised code includes additional restrictions to ensure the rights of players and discourages excessive betting activity,” Fiakkou added.

The price of Bitcoin hovered around the $32,622.04 mark on Friday morning after having dipped below $30,000 on Tuesday, July 20, when it fell to $29,368.

Bitcoin has regained some of its losses since then but it has not been able to move significantly past the $30,000 mark, prompting analysts to predict an increase in Bitcoin sales in the coming weeks, a departure from the prevalent holding position popularised during the cryptocurrencies sharp rise in value in previous years.

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