Economy

Audit Office: ‘Black funds’, lost revenue and untaxed performers

An Audit Office report has revealed serious weaknesses in the tax supervision of entertainment venues in Larnaca’s Mackenzie Beach area, highlighting a web of...

New round of talks on ATA reform, possible ‘caps’ under discussion

Negotiations continue today at the Labour Ministry on the future of ATA reform, with officials holding separate meetings with social partners in an effort...

President optimistic about ATA talks with unions

President Nikos Christodoulides said on Tuesday that he is hopeful for positive results on the ATA following a key meeting between unions and the...

Tobacco tax hike could fuel black market, warns KEVE

The Cyprus Chamber of Commerce and Industry (KEVE) has raised the alarm over a proposed tobacco tax hike by the European Commission, warning it...

Fuel prices drop slightly, heating oil cuts expected soon

A slight drop in fuel prices was recorded in the past 24 hours, according to Christodoulos Christodoulou, spokesperson for the Petrol Stations Association. Speaking...