Waging war on the young
The phrase “war on the young” is a prominent concept popularised by professor Scott Galloway of New York University, outlining how modern economic, political and social systems profoundly disadvantage younger ...
Income tax deadline extended
Inland Revenue announced it had extended the deadline for submission of 2024 tax returns until September 30.
Initially the deadline was July 31.
The new deadline was approved by the cabinet.
The obligation ...
Management of Cyprus economy impoverishing many households
In managing the Cyprus economy, decision-makers focus on real GDP growth and whether the government is generating surpluses. Indeed, government officials backed by the European Commission, the IMF and numerous ...
‘Farmers need better support through green transition’
Farmers’ concerns need to be addressed with a specific set of organised actions, the Green party said on Tuesday.
In a letter addressed to Agriculture Minister Maria Panayiotou, MP Charalambos ...
16.7 per cent of Cyprus population at risk of poverty, report shows
There are 150,000 people – or 16.7 per cent of the population – at risk of poverty or social exclusion in 2022, according to the latest findings of the statistical service.
Its report, published on ...
Minimum wage in Cyprus about halfway in EU ranking
The minimum wage in Cyprus is in the lowest tier among EU countries at €940 per month, which is relatively low compared to the country with the highest minimum wage, figures ...
Tax break scheme for foreign high earners a success
The tax break scheme for attracting foreign high earners and bringing in qualified professionals to sectors such as IT has been a success, said the permanent secretary at the finance ...
New rules for permanent residency status, more in the pipeline
The latest Cabinet decision revising criteria for third country nationals who are investing in Cyprus comes in tandem with a slew of other measures the interior ministry wants to take ...
Income inequality widens as crises hit poor and favour the wealthy
By Andreas Charalambous and Omiros Pissarides
Income inequality followed an increasing trajectory at a global level until the mid-1990s and a downward trend in the subsequent period. Over the ...
Averof tops party leaders’ assets list
Disy leader Averof Neophytou appears to be the wealthiest among party leaders, while head of the Greens Charalambos Theopemptou has the most in liquid assets, with €166,000 in bank deposits.
The ...
Half of households see drop in income, 64% have trouble making ends meet
Almost half of households saw their income decrease in Cyprus during the last six months of 2020, according to a survey on the impact of the Covid-19 pandemic on people’s ...