chairman

Our View: Labour minister shows a clear bias in his decisions

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Our View: Labour minister shows a clear bias in his decisions

The government has decided to institutionalize direct dialogue with the business community, allowing for collaboration and sharing of plans. President Nikos Christodoulides emphasized the importance of businesses in economic development and announced the formation of an advisory tripartite committee to address labor market needs. However, the Labour Minister has shown bias towards unions in labor disputes, potentially hindering business development.

Direct tax collections jump by 18 per cent to Rs 19.58 lakh crore, exceeds estimates in FY24

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Direct tax collections jump by 18 per cent to Rs 19.58 lakh crore, exceeds estimates in FY24

The gross corporate tax collection (provisional) in FY 2023-24 was up 13.06 per cent to Rs 11.32 lakh crore.

Renovations begin on Alektora mosque

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Renovations begin on Alektora mosque

Renovations work began on Monday at the abandoned mosque in the village of Alektora in the Limassol district. Alektora was almost exclusively inhabited by Turkish Cypriots until the outbreak of intercommunal violence in the 1960s.

HSH Prince Albert II of Monaco visits Epic Cyprus HQ

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HSH Prince Albert II of Monaco visits Epic Cyprus HQ

Fact: HSH Prince Albert II of Monaco toured Epic’s Nicosia headquarters on April 18, 2024, accompanied by the management team of Monaco Telecom.

Former Cyprus Airways CEO joins UK travel-tech firm

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Former Cyprus Airways CEO joins UK travel-tech firm

Former Cyprus Airways CEO Paul Sies has joined travel-tech company Journey Mentor as president and chief executive officer.

Apple supplier Foxconn introduces rotating CEO role

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Apple supplier Foxconn introduces rotating CEO role

Foxconn has implemented a rotating chief executive system to develop future talents and boost corporate governance.

India’s direct tax collection surges 18% to Rs 19.58 lakh crore, exceeds targets

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India's direct tax collection surges 18% to Rs 19.58 lakh crore, exceeds targets

India’s net direct tax collections for the fiscal year ended March 2024 surged by 17.7 per cent to Rs 19.58 crore, exceeding both Budget and revised estimates.

The stakes and challenges of the European Parliament elections – The battle for first place and seats

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The stakes and challenges of the European Parliament elections – The battle for first place and seats

The battle for the lead between DISY and AKEL in the European elections is not just about impressions but also about substance. The outcome of the ballot on 9 June will have significant implications for the political landscape. Additionally, the result of the election is crucial for DIKO and its chairman, Nicolas Papadopoulos, who has a personal stake in maintaining the party’s numbers and his role as its regulator. ELAM’s performance remains unpredictable, while EDEK and DIPA are vying for the 5th place and hoping for any losses by larger parties to secure their presence in the European Parliament. The Ecologists are aiming for a strong showing, and the new party Volt is also a factor in this election. Furthermore, three Turkish Cypriots are standing as candidates for the first time, which could impact voter turnout.

Solving the affordable housing crisis in Cyprus

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Solving the affordable housing crisis in Cyprus

Fact: The European Investment Bank (EIB) has identified land use regulation as the most important determinant of housing supply with an adverse effect on housing affordability.