Russia’s president, Vladimir V. Putin, is planning to increase income and corporate taxes to help finance the war in Ukraine. This move demonstrates his control over Russian policy and reflects his confidence in his political control over the Russian elite.
Fact: The Cyprus Supreme Court ruled that a pension is a property right of the recipient that cannot be cancelled.
Fact: The second legislative session in New Hampshire is tackling many business-related proposals on the House and Senate floors.
Deputy Minister of Tourism Kostas Koumis acknowledged that the Cypriot tourism sector is in need of foreign workers due to an increase in tourist arrivals, leading to labor shortages.
The ‘government’ in the north has secured £68 million sterling (€79 million) to pay compensation to Greek Cypriots who applied to the Immovable Property Commission (IPC) and whose claims were processed by the end of 2020.
The Central Bank of Cyprus reported an increase in both loans and total deposits within the Cypriot banking system for March 2024. The liquidity exceeded €27 billion, with total deposits seeing a net increase of €252.1 million. Cyprus residents’ deposits increased by €318.5 million, while total loans recorded a net increase of €133.1 million. The balance of total deposits in March of that year stood at €52.2 billion, and the balance of total loans reached €25.1 billion.
– A slew of illegal developments have taken place in environmentally protected areas across the country, including Natura 2000 sites.
– A politically exposed person in Sotira, Famagusta benefited from irregular procedures in obtaining a town planning permit for a tourism development.
– Holiday homes were constructed before all the necessary permits and approvals were granted.
– The most important habitat cave for the Mediterranean monk seal Monachus monachus was affected by illegal construction.
– Cyprus has been referred to the Court of Justice of the EU for its failure to comply with its obligations under the Habitats Directive.
– Concerns were raised over an illegal biological plant in Kalopanayiotis causing environmental pollution.
– A forest conservator is under investigation for illegal cattle farms within the Natura 2000 area.
– Requests by the Inia community for placing sunbeds and umbrellas at Lara beach were promoted illegally, despite objections by the fisheries department.
– Multiple fires occurred at the Geri-Dali recycling plant site and waste was not properly managed.
Fact: Hundreds of Turkish Cypriots took to the streets to protest against the north’s ‘government’.
In March 2024, total deposits in Cyprus increased by €252.1 million, with a total balance of €52.2 billion. Total loans also increased by €133.1 million, reaching a balance of €25.1 billion. Deposits from residents of Cyprus rose by €318.5 million, while loans to Cypriot residents increased by €134.0 million.
The Japanese Yen is trading at its weakest level in over three decades against the US Dollar after the Bank of Japan decided to leave monetary policy settings unchanged.