Cyprus should prepare for the Carbon Border tax
The European Commission (EC) plans to impose a carbon surcharge on products entering the EU from third countries, through a Carbon Border Adjustment Mechanism (CBAM), likely to be phased in ...
Heathrow sees ‘chaos’ at Terminal 5, suffers overcrowding
There were scenes of “total chaos” this morning at Heathrow airport check-in due to huge numbers of staff being forced to self-isolate, the Independent reported on Monday.
Passengers complained of ...
Oil prices drop on Covid-19 variant fears
Oil slumped on Monday over concerns about spreading Covid-19 variants derailing the global economic recovery that has brought fuel demand to near pre-pandemic levels, while tight crude supplies kept prices ...
Turkey: Drought adds to food-cost crisis; lira expected to lose more value
The cost of food has reached a crisis level in Turkey, as production declines and the weak Turkish lira (currently at 10.30 to the euro) makes imports more expensive.
The central ...
Covid Delta variant threatens Europe’s economic rebound — Economists
The spread of the Covid-19 Delta variant threatens Europe’s nascent economic rebound, economists told the Financial Times on Sunday.
The European Centre for Disease Prevention and Control said on ...
EU expected to delay special tax on tech
The European Commission is likely to delay putting forward its plans for a digital levy until the autumn to try to improve the chances of a global corporate tax reform ...
Malta bans visitors not fully vaccinated against Covid-19
Malta will ban all visitors from entering the country as from Wednesday unless they are fully vaccinated against Covid-19, Health Minister Chris Fearne said on Friday.
“We will be the ...
EU can vaccinate 70% of adults — von der Leyen
The European Union has delivered enough coronavirus vaccine doses to member states to reach a target to fully vaccinate at least 70 per cent of adults in the bloc, European Commission ...
G20 finance ministers agree to go ahead with global tax reform
Finance ministers of the world’s 20 largest economies (G20) on Saturday agreed to go ahead with the plan to design a global tax system that would impose a minimum levy ...
How much does it cost to travel in Europe?
As a great many of us here in Cyprus either are already fully vaccinated, or are close to getting both jabs, the possibility of European travel, armed with our EU ...
Foreigners in Cyprus more educated than European Union average
Foreign workers in Cyprus tend to be more highly educated than the average number across the European Union, a report has indicated.
According to data from the European Union’s ...
Next steps for Cyprus on minimum corporate tax
The Cyprus government is already at work to find a solution for the country on the OECD minimum corporate tax proposal that has been agreed to by the G7 and ...
World food prices, already inflated, skyrocket as freight costs climb
Rising costs to ship crops globally are adding to concerns about food inflation that are already at decade-highs and hitting cost-sensitive consumers in import-dependent markets.
With world food prices having ...
Jet 2 to restart flights to 40 Green- and Amber-list destinations on July 19
Jet2 announced it will restart holidays and flights to all amber list destinations from July 19, the airline said in a statement on Friday.
“It is the news that UK holidaymakers ...
Cyprus consumers are going digital – BOC study
The digital readiness of Cyprus consumers is quite well-developed, a new study shows.
Consumers in the pandemic spent more using cards in supermarkets, pharmacies and on insurance, while they bought ...
Turkey’s state banks need help to cover NPLs
Turkey is considering a fresh capital injection for state banks but they also need a plan to deal with lingering bad debt after the lenders depleted their resources helping Ankara’...
Cyprus ICT industry grows right through the pandemic – Cyprus Computer Society
The Cyprus Information and Communications Technology (ICT) industry is well and prospering; this became clear at the the Cyprus Computer Society Annual Meeting late on Wednesday.
For the Cyprus ICT ...
EU to crack down on cryptocurrencies
The European Union will propose a new agency to crack down on money laundering and new transparency rules for transfers of crypto-assets, EU documents showed on Wednesday as the bloc ...
US, under pressure, slowly seeks to lift Covid travel restrictions
A coalition of 24 industry organisations urged the White House to lift coronavirus restrictions that bar much of the world from traveling to the United States but a White House official ...
Cyprus needs a tax system transformation — Accountants Institute
“The global tax scene is changing: international tax developments include areas such as multinational corporations, green growth and the environment, the fight against aggressive tax planning, as well as technology ...
EU Commission forecasts sharply higher Cyprus growth in 2021
The European Commission has raised its forecast for Cyprus’ economic growth in 2021 to 4.3 per cent from 3..8 per cent in its previous forecast.
This brings Cyprus closer into line with the ...
Vaccinated Britons returning from Amber-list nations to avoid quarantine — includes Cyprus
Fully vaccinated travellers arriving from countries on Britain’s Amber list are set to avoid quarantine from as early as July 19, British media reported on Tuesday, as airlines prepared to ...
Natural gas is a ‘bridge’ to clean energy — Pilides
Cyprus sees the Eastern Mediterranean gas findings as a means for sustainable growth and a vital tool in the transition towards clean energy, the Minister for Energy, Commerce and Industry ...
Tourism Minister: Cyprus tourism is seeing comprehensive upgrade thanks to investment
“Investment in Cyprus tourism will be socially immersive – this means that it will benefit the whole island,” Cyprus Deputy Minister for Tourism Savas Perdios told the Invest Cyprus Tourism and ...