Aphrodite faces uncertain future

Aphrodite faces uncertain future

Nicosia rejects Chevron’s improved optimization plan for the Aphrodite offshore gasfield, insisting that the 2019 development plan is binding. Chevron’s proposed revisions aim to reduce costs and output, but Nicosia is not satisfied with the lower revenue implications. The partners are considering their options in response to Nicosia’s rejection.

WTI ends losing streak after Saudi oil price hike

WTI ends losing streak after Saudi oil price hike

The West Texas Intermediate (WTI) crude oil price rose to around .20 a barrel in the Asian session on Monday after Saudi Arabia raised June crude prices for most regions.

Leventis Gallery hosts events for all

Leventis Gallery hosts events for all

Leventis Gallery is celebrating its 10th anniversary this year by expanding its programs to enhance accessibility. One of the upcoming exhibitions, The Road to Paris, will highlight the everyday life of athletes before, during, and after the Olympic Games.

Garman market boosts Paphos tourist season

Garman market boosts Paphos tourist season

The significant increase in traffic anticipated from Germany to Paphos this summer is instilling greater optimism for the tourist season in the province. Germany is expected to play a much larger role in tourist traffic to Paphos compared to the previous five years, offsetting losses from Russia and Israel. Stakeholders believe there is potential to improve air connectivity and increase visitor arrivals from Germany, making it a high-priority market for Paphos. This, combined with high visitation from the UK, suggests that 2024 is poised to be a record-breaking year in visitor arrivals for Paphos.

Weekly IRS Roundup April 22 – April 26, 2024 | JD Supra

Weekly IRS Roundup April 22 – April 26, 2024 | JD Supra

The IRS released guidance on proposed regulations for transferring tax return information to the US Census Bureau and disclosed additional tax return information to the US Secretary of Commerce.

RoRo traffic up 75% in Limassol since 2017

RoRo traffic up 75% in Limassol since 2017

– Limassol port has seen a 75% rise in wheeled cargo traffic since DP World Limassol took over its operation in 2017.
– DP World Limassol operates Cyprus’ largest RoRo terminal, processing around 60,000 multipurpose RoRo units last year alone.
– RoRo shipping is the most popular method for transporting wheeled cargo in a cost-effective manner.
– Limassol port is a natural gateway for the transportation of vehicles to and from the Middle East and continental Europe.
– DP World Limassol has made significant investments in the terminal, equipment, and operational processes over the past seven years.
– DP World Limassol serves numerous industries and welcomed a wide range of vessels, including passenger ships like the ferry connecting Greece and Cyprus.

New round of coastal flats, villas for sale from Altamira

New round of coastal flats, villas for sale from Altamira

Altamira Real Estate has launched a new campaign featuring 28 apartments and villas in coastal tourist areas in Cyprus. The properties are ready for delivery, renovated, and offered at affordable prices. The campaign will run for two weeks, with bids opening on May 14, 2024. Interested parties can visit altamirarealestate.com.cy for more information.

Canada’s capital-gains tax change continues decades-old debate over economic growth and tax fairness

Canada’s capital-gains tax change continues decades-old debate over economic growth and tax fairness

The fact described in the text is that Finance Minister Chrystia Freeland announced an increase in the capital-gains inclusion rate to 66 per cent for corporations and trusts, and for individuals on gains above 0,000, in order to raise nearly billion over five years to pay for housing initiatives.