Economy

Extra taxation for banks unavoidable

The government expects additional revenue of €200–250 million in 2026 from the corporate tax increase to 15% for multinationals, passed by Parliament last Thursday. While...

The reason why flight prices will soar in 2025 (CHARTS)

North America and Europe are expected to see more "moderate" airfare increases of around 2%, while Asia and Australasia could experience hikes close to...

Natural gas will arrive in Cyprus by late 2025 says Papanastasiou

"There's still work to be done", but natural gas will arrive in Cyprus by late 2025 The Energy Minister assures that the project is progressing...

Tax revenue up 10% in first ten months of 2024

The total revenue of the Tax Department recorded a 10% increase in the period January-October 2024 compared to the corresponding period of 2023, said...

Banks urge rejection of new tax – commited to apply measures

The Cyprus Banks Association has indirectly but clearly called on Parliament not to proceed with the proposed emergency tax on the banking sector during...