agricultural products

Tennessee’s largest companies secure sales tax exemptions for everything from jet fuel to water • Tennessee Lookout

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Tennessee's largest companies secure sales tax exemptions for everything from jet fuel to water • Tennessee Lookout

Tyson chicken barns in West Tennessee on April 21, 2021. (Photo: John Partipilo) They’re scattered across the rural Tennessee landscape: blue-sided barns stretching the length of five U.S. football fields, clustered together in groups numbering as few as three to as many as 20. Each of Tennessee’s nearly 2,200 industrial chicken barns produce about 200,000 … Read more

Halloumi, pharma help narrow Jan-April trade deficit

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Halloumi, pharma help narrow Jan-April trade deficit

A small increase in exports in April, due to overseas sales of halloumi cheese and pharmaceuticals, helped narrow the trade deficit in the first four months of the year, with January-April imports down a significant 18% and exports reduced at a smaller 8% rate, according to the Cyprus statistical service Cystat. Total imports of goods … Read more

UAE: New tax exemption rules issued for companies in free zones

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UAE: New tax exemption rules issued for companies in free zones

Companies in free zones in the UAE must meet certain criteria to be eligible for zero percent corporate income tax and become a qualifying free zone person (QFZP).

Cypriots still grappling with inflation woes

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Cypriots still grappling with inflation woes

– Inflation rate in Cyprus dropped to 1.2% in March 2024, down from 1.8% in February and 5.8% in March 2023.
– The cost of living in Cyprus is 14% higher than it was four years ago when the COVID pandemic began.
– Food prices in Cyprus have seen significant increases, with olive oil doubling in price and sugar spiking by 59.2%.
– Prices of staple food items like bread, rice, dairy products, and eggs have also risen over the four-year period.
– Prices of agricultural products, fuel, and electricity have also increased in Cyprus over the same period.

EU protection for craft and industrial products

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EU protection for craft and industrial products

On 27 October 2023, the European Commission published Regulation 2023/2411, which changes the standards for geographical indications in craft and industrial products. With effect from 16 November 2023, this Regulation offers strong protection in the EU, safeguarding the intellectual property rights of registered geographical indications. The Regulation will enter full force in the EU on … Read more

Cabinet approves grants scheme for agricultural upgrades

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Cabinet approves grants scheme for agricultural upgrades

The Ministerial Council approved the second call for proposals of the grants scheme for the creation, modernization, and digital upgrade of processing or marketing units of agricultural products, as announced by the Minister of Energy, Commerce, and Industry, George Papanastasiou. This scheme is part of the Recovery and Resilience Plan for 2021-2026 and has a budget of €25 million. It aims to support existing and new small and medium-sized enterprises. Approximately €3 million saved from the first call will be used in this second call. Applications must be submitted through the electronic system of the Ministry of Energy, Commerce, and Industry. The scheme is also open to cooperatives and beekeepers.