Tourist investments and risks

Tourist investments and risks

A lot of investment has been undertaken for touristic development ranging from hotels to quality places of entertainment and even more important addressing the upgrading of staff, food and service. Previous years with the tourist arrivals have been increasing by approximately 8% p.a. and this, coupled with the planning relaxation given by the then Government, … Read more

Neither was there a revolution nor did you become anti-establishment

Neither was there a revolution nor did you become anti-establishment

Since Sunday evening, we have all been reading a great deal about the electoral success of a young man who managed to secure one of the six seats in the European Parliament. Some have described it as a punishment for the political system, while others have called it a form of ‘revolution’ by the electorate. … Read more

Cyprus poll workers baked as heatwave hits polling stations

Cyprus poll workers baked as heatwave hits polling stations

Election staff in Cyprus endured sweltering conditions on Sunday as a heatwave sent temperatures soaring at polling stations without air conditioning during the twin parliamentary and municipal polls. Philenews received multiple complaints from polling centre workers reporting unbearable situations, with some feeling dizzy after long hours at hot school classrooms used as voting venues. “We … Read more

MADSEN: Cut corporate income taxes massively to increase growth, prosperity

MADSEN: Cut corporate income taxes massively to increase growth, prosperity

Breadcrumb Trail Links Opinion Columnists Published Jun 07, 2024  •  Last updated 8 hours ago  •  2 minute read Photo by file /Getty Images Article content The federal Liberal government’s current budget proposal budget proposal to increase the inclusion rate for capital gains tax was met with justifiable criticism and opposition — primarily from business groups. … Read more

Hottest June since 1991, orange warning

Hottest June since 1991, orange warning

Cyprus recorded the hottest June in 23 years, with inland temperatures reaching an infernal 43.6 degrees Celsius on Wednesday, and expected to rise further to a record 44C on Thursday. The Met Office issued an Orange Alert saying that maximum temperatures on Thursday are expected to reach around 43-44 degrees Celsius over the central plain … Read more

Second seed Sabalenka bludgeons Navarro for French Open quarter-final spot

Second seed Sabalenka bludgeons Navarro for French Open quarter-final spot

Aryna Sabalenka defeated Emma Navarro 6-2 6-3 in the French Open quarter-finals. Sabalenka is unbeaten in 11 straight matches at the majors this year without losing a set.

Heatwave warning- public safety guidelines

Heatwave warning- public safety guidelines

A yellow warning was issued by the Meteorological Department for extremely high temperatures reaching around 40 degrees Celsius inland. Civil Defense issued recommendations to avoid sun exposure, wear light clothing, stay hydrated, and take care of vulnerable individuals.

Summer delights: Tropical trees and flowers that beat the heat

Summer delights: Tropical trees and flowers that beat the heat

The gardens are looking very summery with tropical trees and flowers starting to bloom. The jacarandas were the last trees to flower, and some trees may surprise with another flowering later in the year. Some favorite trees mentioned include Caesalpinia gilliesii, Leucophyllum frutescens, and Polygala myrtifolia. The text also discusses Tecoma stans, plumeria, and roses. The Plant of the Month is Oenothera speciosa, a ground-hugging plant with fragrant pink blooms loved by bees and butterflies.

Bicommunal solar park , ‘valuable for all Cypriots’

Bicommunal solar park , ‘valuable for all Cypriots’

– A bicommunal photovoltaic power plant would increase cooperation in the energy field and build trust.
– The European Commission is ready to help find solutions if there are diverging views and concerns.
– The aid programme supported by the EU paves the way for reunification.
– The Commission would need to undertake a comprehensive assessment of alignment with EU standards.
– The Green Line trade has almost quadrupled in 20 years, reaching over €16 million in 2023.
– The biggest challenge faced by Mario Nava in Cyprus is often to start dialogue on various matters.

Federal Tax Authority issues corporate tax guide on free zone persons

Federal Tax Authority issues corporate tax guide on free zone persons

The Federal Tax Authority (FTA) has issued a guide outlining the application of corporate tax to free zone persons, enabling qualifying free zone persons to benefit from a zero per cent corporate tax rate on qualifying income.