President sends back foreclosure and VAT bills
President Nicos Anastasiades has refused to sign off on and has sent back to parliament three bills passed by the House recently – two relating to VAT on electricity and fuel, ...
President mulls next move after House votes on VAT
President Nicos Anastasiades on Friday urged patience as he awaits the attorney general’s opinion on whether bills approved by the House plenary on Thursday regarding VAT on fuel and ...
PEO criticises government ‘inactivity’ over price increases
Despite the government’s attempts to gather proposals to tackle rising prices and inflation, some are already expressing their discontent over the expected outcome and point fingers at the government’...
Potato farmers will take action if state does not support them
Following the rise in prices that has been at the centre of disputes and protests all over Cyprus in recent weeks, potato farmers said on Thursday they will also take ...
No grounds yet for fuel price ceiling, Pilides says
Cyprus fuel prices have surged in line with those abroad, but are still among the lowest in the EU, Energy Minister Natasa Pilides said on Friday, adding that based on ...
British bases clamp down on fuel smuggling from north
Sovereign Base Areas (SBA) customs officials have revealed regular operations at the Pergamos and Strovilia crossing points have made a significant dent in the illegal smuggling of fuel from the ...
Airlines use hedging, fuel surcharges to offset some pain as oil surges
The price of oil has surged to its highest level since 2008 after Russia’s invasion of Ukraine, adding to airline costs at a time when carriers have been struggling to ...
Cyprus Business Now
The Cyprus Deputy Ministry of Shipping announced on Friday the expiration of the deadline for the submission of tenders to establish a passenger maritime link between Cyprus and Greece, as ...
Taxi drivers protest customs checks in Nicosia
Taxi drivers held a strike on Tuesday to protest the customs department’s decision to check whether they filled their tanks with fuel from the north, disrupting rush hour traffic ...
Queues form at petrol stations in north as two companies announce stop on sales
Queues have formed at gas stations in the north after two companies, K-Pet and AlPet announced they would stop selling fuel as of Wednesday, reports said.
The two companies announced ...
British industry warns of factory closures without help on fuel costs
Britain’s most energy intensive manufacturers, including producers of steel, glass, ceramics and paper, have warned the government that unless something is done about soaring wholesale gas prices they could ...
EAC unions ask whether authority could absorb some of rising costs
State-owned electricity authority (EAC) unions said Friday they supported looking into whether the company could absorb the rising cost of production so that consumers won’t have to foot the ...