government

Transport minister reviews progress of key Paphos developments

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Transport minister reviews progress of key Paphos developments

The Minister of Transport, Communications, and Works in Paphos examined issues and delays in various projects in the province, including the new Paphos-Polis road, airport road, marina, and public transportation stations. The Minister met with the Chamber of Commerce to address concerns and emphasized the government’s commitment to resolving problems within the framework of public interest. Discussions were also held with the Police Directorate to improve traffic flow by creating a roundabout and installing traffic lights at specific intersections. Positive developments are expected soon.

Moneyval reports improvements in money laundering measures

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Moneyval reports improvements in money laundering measures

Cyprus has welcomed a Moneyval report that acknowledged improvements in tackling money laundering and terrorism financing, but also identified existing shortcomings.

US lawmakers table bill to extend lifting of Cyprus arms embargo

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US lawmakers table bill to extend lifting of Cyprus arms embargo

Fact: A group of United States congressmen tabled a bill to extend the waiver renewal period for the country’s arms embargo on Cyprus from one year to five years.

Cyprus rejects Chevron proposal for Aphrodite gas field

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Cyprus rejects Chevron proposal for Aphrodite gas field

Cyprus has rejected the new proposal by consortium Chevron, NewMed Energy, and BG Cyprus (Shell) to develop the ‘Aphrodite’ natural gas field in block 12 of the exclusive economic zone (EEZ). The government deemed the proposal inadequate and requested the consortium to state its consent within six months on specific actions aiming to develop the gas field.

Journalist Georgia Psaria dead

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Journalist Georgia Psaria dead

Georgia Psaria, a CyBC journalist, passed away at the age of 49 after battling cancer.

Christodoulides arrives to Lebanon with von der Leyen

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Christodoulides arrives to Lebanon with von der Leyen

President Nikos Christodoulides and EU Commission President Ursula von der Leyen arrived in Lebanon for a joint visit on the migration crisis. The main objective of the visit is to provide political and economic support to Lebanon from the EU, discuss challenges facing the country, and promote stability and prosperity through necessary reforms. The EU will present an Economic Support Package for Lebanon during the visit.

In Budget balancing act, what business wants to see

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In Budget balancing act, what business wants to see

Fact: Business wants to see this year’s Budget focus on tax relief, reducing red tape, and support for upskilling.

Georgia Implements Structurally Sound Tax Changes

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Georgia Implements Structurally Sound Tax Changes

Georgia Governor Brian Kemp signed bills into law that lower the flat individual income tax rate and align the corporate income tax rate with the individual income tax rate.

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

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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.

US military completes half of artificial port for Gaza aid

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US military completes half of artificial port for Gaza aid

The US military has completed over 50% of the construction of a temporary artificial port in Gaza to help deliver humanitarian aid, costing around 0 million. The port is expected to be operational soon, but it will not replace aid deliveries through land routes. US officials are working to address the food insecurity faced by the 2.4 million people in Gaza, following a deadly conflict between Hamas and Israel.