Cyprus, ’ migration efforts ‘validated’
Fact: Margaritis Schinas, European Commission vice president, praised Cyprus for its migration policy, stating that Cyprus is “emerging as a European champion of returns” of migrants.
government
Over 3,500 people to be elected in June vote
Over 3,500 people will be voted to positions of public office in the elections on June 9.
Larnaca is becoming an emerging investment hub
Limassol is losing its position as Cyprus’ top investment hub to Larnaca, according to the ‘Cyprus Real Estate Market Report for the 2nd Semester 2023’ by Danos & Associates. Commercial properties in Cyprus are increasingly being used for professional purposes and workspaces, with potential disadvantages such as damages and malfunctioning spaces. However, the value of commercial properties tends to increase at a faster rate than residential properties. Demand for office spaces in Limassol has increased, with the average office value rising by 42% from 2015 to 2019. The real estate sector contributes significantly to the Cypriot economy, with a total of 5,974 transactions amounting to €1.52 billion in property sales in the second quarter of 2023. Nicosia and Famagusta provinces saw an increase in property value, while Limassol experienced a significant decrease. The abolition of the citizenship by investment program did not affect the real estate market in Cyprus, which continues to grow due to strong domestic demand and returning foreign investors.
Netanyahu coalition under strain after standoff with US over Gaza vote
Israeli Prime Minister Benjamin Netanyahu is facing strains within his coalition due to disagreements over proposals to draft ultra-Orthodox Jews into the military. The cabinet meeting to discuss changes to the conscription law was called off, and Netanyahu’s relations with U.S. President Joe Biden worsened after a disagreement over a U.N. Security Council resolution on Gaza. Despite support from his religious-nationalist coalition partners, there is pressure internationally on the government. The divide over the conscription law highlights the longstanding divide between secular and religious Israelis.
Parliamentary labour committee to address single-parent benefits legislation
The Parliamentary Labour Committee is waiting for a bill from the Ministry of Social Welfare to regulate single-parent benefits by the end of May. The committee’s agenda will include the issue in early June. A bill submitted by AKEL MPs aims to remove the requirement that a single parent should be without a partner and not terminate the benefit if the single parent cohabits with another person. The proposed law by the government is expected to have similar content. The committee aims to refer either the bill or the proposed law, or both, to the Plenary before the end of June for final regulation. The existing legislative framework that terminates the benefit in cases of cohabitation is seen as violating human rights and needs to change.
President Biden’s FY 2025 Budget Proposal: Details & Analysis
President Biden’s FY 2025 budget proposes tax hikes on businesses and high earners, amounting to a gross tax hike of over .1 trillion.
Beware Progressives Touting Tax Cuts – AAF
The fact described in the text is that President Biden has imposed a stock buyback tax and a new corporation alternative minimum tax, but the tax cuts signed for individuals and corporations are larger than the tax increases imposed on big corporations and their shareholders.
‘, Mass casualty event’ as Baltimore Key Bridge collapses
The Francis Scott Key Bridge in Baltimore collapsed after a ship collided with a support pylon, causing vehicles to plunge into the river.
EXPLAINER-Who is Julian Assange?
Julian Assange will find out on Tuesday whether the High Court in London will allow him to appeal against his extradition from Britain to the United States to face criminal charges, nearly all under the Espionage Act.
Treasury Minister: There are no plans to raise income taxes
The government of Jersey has no plans to increase income tax or introduce new corporate taxes that would harm the international competitiveness of the finance sector. Deputy Elaine Millar stated that the Island does not need to follow the Isle of Man in raising income tax, and instead her department will focus on finding efficiencies to manage public sector costs. Additional funding has been allocated to Health and Community Services, and there are no plans to introduce measures such as capital taxes on second property sales.