Tag: economy

Parties reach broad agreement on Cyprus tax reform package

Political parties appear close to finalising Cyprus’ tax reform package after intensive behind-the-scenes negotiations, with the House finance committee continuing closed-door discussions on Wednesday....

Zygi–Vasiliko LPG project: Cyprus Audit Office finds delays, irregularities and soaring cost

The Audit Office identifies serious weaknesses in the tendering, evaluation and execution of the urgent LPG mooring and pipeline project at Zygi–Vasiliko, highlighting major delays, cost increases and limited competition in the process.

Foreign buyers pressure housing market, AKEL warns

Growing concern that foreign buyers pressure the housing market in Cyprus has reignited political debate, with AKEL submitting two bills aimed at tightening controls...

Preliminary ATA agreement to be signed today

A preliminary ATA agreement will be signed at the Presidential Palace at 14:00 today, the government confirmed on Thursday morning. The announcement signals the...

President: Employers’ rejection of ATA plan not positive

President Nikos Christodoulides described the rejection of the government’s proposal for a permanent agreement on the Cost-of-Living Allowance (ATA) by employers’ organisations as “certainly...

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