reduction

Irrigation water reduced by 33% due to drought

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Irrigation water reduced by 33% due to drought

The Water Development Department has reduced irrigation water by 33% compared to last year due to drought and poor water conditions. The remaining water is allocated for irrigation, with the drinking water sector fully satisfied at 100%. Farmers were informed in advance about the reduced quantities and must plan accordingly. Dam capacity is at 42.1%, and if conditions remain the same, there may be a problem with water supply next summer. The Department is promoting efficient water use in agriculture with practical tips for irrigation during drought conditions.

What is the solution for low-cost housing?

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What is the solution for low-cost housing?

The cost of buying houses or apartments in Cyprus has become a big issue, especially in recent years. The level of residential rents has increased by around 20% in the last 2 years. Various proposals have been made to alleviate the problem, including increasing area ratio, abolishing minimum areas, and creating low-cost units. Immediate measures are needed to address the housing crisis, such as tax reductions for landlords who rent out apartments and implementing summary eviction procedures. Colleges and universities could also play a role in providing housing for students. The Housing Finance Corporation and Land Development Agency may not be able to effectively address the issue.

Toyota showcases compact engines adaptable to different fuels

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Toyota showcases compact engines adaptable to different fuels

Toyota has showcased next-generation engines at a media event with Subaru and Mazda, including 1.5 litre and 2.0 litre engines with reduced volume and height. The three companies aim to optimize integration with motors, batteries, and other electric drive units. The new engines will be compatible with alternative fuel sources such as e-fuels and biofuels. Toyota’s new 1.5 litre engine will achieve a 10% reduction in volume and weight compared to existing engines, while the new 2.0-litre turbo engine will have similar gains. Toyota is following a “multi-pathway” approach to carbon neutrality, with nearly two-fifths of its vehicles sold in January-March being petrol-electric hybrids. EVs are expected to reach a global market share of 30%, with hybrids, hydrogen fuel-cell, and fuel-burning vehicles making up the rest.

Betting, gaming players warn against more taxes

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Betting, gaming players warn against more taxes

The proposed value-added tax (VAT) on betting and the increase in excise duty to 20 percent in Kenya could lead to the disappearance of at least 80 percent of sportsbook bets in the market, making investment in the sector unviable and triggering capital flight.

Federal Income Taxes Are Set To Skyrocket

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Federal Income Taxes Are Set To Skyrocket

The effective federal income tax rate for S Corporation shareholders and partners in a partnership could increase by 30% by December 31, 2025, due to the expiration of certain tax laws.

North, ’s minimum wage falls by €3 per month after appeal

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North, ’s minimum wage falls by €3 per month after appeal

The north’s net minimum wage was reduced by 120TL (€3.43) per month following an appeal by business owners. The government does not know what it is doing. The north’s new gross minimum wage is higher than that of 13 European Union member states, including Greece.