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 ...
Pfizer vaccine effectiveness is down to 64%, Israel says
The effectiveness of the Pfizer vaccine against the coronavirus has dropped to just 64 per cent in Israel, the country’s Ministry of Health said in a statement on Monday.
The ...
In Cyprus, houses cost more as cost of construction materials climbs
A Cypriot union representative recently declared that homeownership in Cyprus has become an ‘impossible dream’.
In Cyprus, the rising cost of construction materials has resulted in property values increasing by ...
How Hezbollah controls the economy in Lebanon
The Iran-backed militia group Hezbollah has done everything it can do to create a parallel state in Lebanon. A ‘state within a state,’ many call it.
The Lebanese political class ...
OPEC+ deal leads to Saudi Arabia-UAE conflict
Saudi Arabia’s energy minister pushed back on Sunday against opposition by fellow Gulf producer the United Arab Emirates to a proposed OPEC+ deal and called for “compromise and rationality” ...
Gazprom pressures Ukraine, eyes Nord Stream 2 -analysts
Kremlin-controlled gas giant Gazprom has held off from booking additional capacity for gas supplies via Ukraine to meet surging demand in recent months, sending a clear sign it is waiting ...
Show me the money! In Europe, it’s in Germany, France and Russia
The latest buzzword in wealth management these days is ‘decoupling,’ because most of us in the normal world are still dealing with the effects of the pandemic crisis.
But the ...
Plan to make Cyprus an ICT hub – Ministry official
“Our vision is to create a sustainable growth environment that is driven by research, innovation, and technological advancement. This means creating a new incentives framework for science and technology companies. ...
Dollar up for now, but expected to slide against euro — analysts
Near-term bets in favour of the dollar should be increased, a majority of analysts in Reuters polls said, who however were split on the duration of the greenback’s bullish ...
Turkey eases Covid-19 restrictions; masks still required
Turkey on Thursday cancelled most of its Covid-19 restrictions on businesses and events, and lifted nighttime and Sunday curfews after daily infection numbers remain steadily around 5,000 cases.
The intercity travel ...
Sony buys Housemarque, maker of ‘combat’ game Returnal
Sony has added to its already impressive lineup of in-house studios by acquiring Finnish game developer Housemarque on Tuesday.
Housemarque, the makers of April’s eighth-best selling game Returnal, a ...
Jet2 cancels flights and holidays to Amber-List countries, Turkey until July 18
Jet2.com and Jet2holidays have suspended all flights and holidays to countries on the UK’s amber list up to and including 18 July, the airline said in a statement ...