The government plans to reduce corporate income tax by 1% next year, as announced by Minister of Finance Gilles Roth in his March budget speech, aligning with the CSV-DP coalition agreement. Despite positive state finance developments in the first half of the year, opposition parties are critical of this proposal.The Christian Social People’s Party (CSV) … Read more
A planned 1% cut in the corporation tax rate from next year is expected to cost the state around €38 million annually, Finance Minister Gilles Roth said on Tuesday.Under the plan, the corporate tax rate will be reduced from 17% at present to 16% from 1 January next year, bringing it in line with the … Read more
President Yoon Suk Yeol announces the Dynamic Economy Roadmap and the Economic Policy Direction for the latter half of the year at the Blue House in central Seoul on Wednesday. [YONHAP] The government plans to reduce corporate and inheritance taxes for companies in the “value-up program” and more than double the number of foreign … Read more
The Cyprus-Greece ferry service resumed on Wednesday with the Cypriot-flagged Daleela departing from Limassol port. The service will have a total of 22 itineraries throughout the summer, with the last one departing on September 1. As of last week, the service received 8,500 bookings, including 6,600 passengers, 1,750 cars, and 150 pets.
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.
– Limassol port has seen a 75% rise in wheeled cargo traffic since DP World Limassol took over its operation in 2017.
– DP World Limassol operates Cyprus’ largest RoRo terminal, processing around 60,000 multipurpose RoRo units last year alone.
– RoRo shipping is the most popular method for transporting wheeled cargo in a cost-effective manner.
– Limassol port is a natural gateway for the transportation of vehicles to and from the Middle East and continental Europe.
– DP World Limassol has made significant investments in the terminal, equipment, and operational processes over the past seven years.
– DP World Limassol serves numerous industries and welcomed a wide range of vessels, including passenger ships like the ferry connecting Greece and Cyprus.
The Democratic Party (DP) in the north is considering leaving the government, with party leader Fikri Ataoglu expected to implement the decision. If the DP leaves, the government would still stand, but the remaining parties would have a slim majority in parliament. The UBP would then have to rely on the YDP to pass legislation.