government

Housing scheme for mountain and rural areas extended

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Housing scheme for mountain and rural areas extended

Newly revised housing plans were approved by the cabinet to regenerate mountain villages, rural areas, and areas on the Green Line. 1,500 applications have been approved under the schemes, corresponding to the granting of €55 million in financial assistance. 14,000 households, corresponding to 29,500 people, benefited from the allowances in 2023, with a total grant of €7.5 million. The plan has been extended until December 31, 2025, and becomes a two-year plan to allow interested parties sufficient time to secure the necessary planning and building permits required to apply.

Larnaca port and marina in flux as state replaces Kition

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Larnaca port and marina in flux as state replaces Kition

Larnaca’s port and marina are now under state control following the collapse of a major development project. The Port Authority has taken over operations, deploying additional staff and private machinery services. The future management of the marina is uncertain, with discussions on potentially separating the port and marina projects gaining traction. The fate of Kition Ocean Holdings’ employees remains unclear, with trade unions advocating for their rights. The government is re-evaluating the initial development plan and considering future steps for the projects.

Larnaca port workers handed termination letters

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Larnaca port workers handed termination letters

Employees of Larnaca’s port and marina received termination letters from Kition Ocean Holdings Ltd following the project’s collapse. The meeting between the workers’ representatives and the Ministers of Labour and Transport was postponed until Thursday afternoon. The workers were assured that a solution would be found to ensure they are not victimized, and discussions were held regarding their employment status. The new operator taking over the port’s operations should employ the current workers under the same terms and conditions. The President of the Republic reassured that there should be no concern for the workers regarding the port issue. The €1.2 billion contract with Kition Ocean Holdings was terminated by the Minister of Transport, Communications, and Works.

Calls for north , ‘parliament’ to pass resolution for two-state solution

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Calls for north , ‘parliament’ to pass resolution for two-state solution

The fact described in the text is that the north’s ‘transport minister’ Erhan Arikli called for the north’s ‘parliament’ to pass a resolution calling for a two-state solution to the Cyprus problem.

Farmers and , ‘govt’ in north refuse to back down over imported meat

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Farmers and , ‘govt’ in north refuse to back down over imported meat

The ‘government’ in the north of Cyprus is determined to import meat from abroad, with the first shipment arriving from the Netherlands. The imported meat will be stored at -18 degrees Celsius and sold in supermarkets. Despite a meeting with ‘ministers’ and union leaders, no agreement was reached, and protests by the union will continue. The government also plans to import meat from Spain, and opposition party CTP ‘MP’ Teberruken Ulucay questioned why meat could not be imported from the Republic of Cyprus where European Union standards are enforced.

Kition tells govt to , ‘respect obligations’ to port workers

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Kition tells govt to , ‘respect obligations’ to port workers

Port operator Kition Ocean Holdings hopes the government does not deviate from its obligations to the workers at the Larnaca port. The government terminated the agreement and ordered Kition to vacate the premises immediately, causing disturbance to the workers. The law stipulates that when ownership of a business is transferred, employees are automatically transferred to the new entity and their rights are also automatically transferred. The government has given assurances that the workers will not be made victims and that a formula will be found to continue their work, but the law mandates that the transfer of employment is automatic and must include all employees.

Russia plans higher taxes for rich, companies as cost of Ukraine war mounts

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Russia plans higher taxes for rich, companies as cost of Ukraine war mounts

Fact: The new tax thresholds and hike in corporation tax in Russia are expected to raise about 2.6 trillion rubles (bn) a year.

The UAE’s corporate tax is about more than just raising revenue

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The UAE's corporate tax is about more than just raising revenue

A year has passed since the introduction of the UAE’s 9 per cent federal corporation tax.

Our View: , ‘Ambassador’ comment an embarrassment for Cyprus

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Our View: , ‘Ambassador’ comment an embarrassment for Cyprus

The Emir of Qatar Sheikh Tamim bin Hammad Al Thani visited Cyprus for the first time, accompanied by a delegation of ministers to discuss economic, investment, and tourism cooperation between the two countries. President Nikos Christodoulides welcomed the Emir and emphasized the potential for further strengthening bilateral relations. However, the President made an inappropriate comment by suggesting that Cyprus could act as an ambassador for Qatar in Brussels, which was seen as a breach of diplomatic protocol and raised concerns about the credibility of the Republic.