Economy

Cost of living has created the super rich and a poor middle class

Fuel tax extension offers temporary relief Lower fuel prices and the extension of the reduced fuel excise duty are expected to provide temporary relief for...

Delays in permits stall investments, pressure housing prices

Lengthy licensing procedures are creating obstacles for investors and developers, while limited housing supply continues to fuel pressure in the Cyprus housing market, according...

VAT audit Cyprus report raises concerns over tax controls

Audit Office highlights weaknesses in VAT inspections Cyprus' Audit Office has identified significant weaknesses in the Tax Department's VAT audit system, citing delays in investigations,...

Fuel tax reduction extended for another two months

The Cyprus Cabinet has decided to continue the tax reduction on motor fuel for another two months, extending the measure from 1 July until...

Brexit economic impact clearer ten years after referendum

A decade on, economists see a clearer picture Ten years after the United Kingdom voted to leave the European Union, the economic consequences of Brexit...