Tag Archives: Government

Reduced rate of VAT for all home renovations

The government intends to extend the reduced VAT rate of 5 per cent instead of the standard 19 per cent rate to cover all house renovations, President Nicos Anastasiades announced on Wednesday. The decision is expected to be rubberstamped during the … Continue reading

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ESM greenlights €100m tranche

  Taken from the Cyprus-Mail website THE European Stability Mechanism (ESM) approved on Thursday the disbursement of €100m to Cyprus, following the positive assessment of the sixth quarterly review of the macroeconomic adjustment programme and approval of the supplemental memorandum … Continue reading

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Should CY government consider lowering airport taxes?

Taken from Cyprus-mail.com ALL THE doomsayers that were predicting Cyprus tourism would be adversely affected by the closure of Cyprus Airways appear to have been proved wrong. The latest edition of the Sunday Mail reported that since the demise of … Continue reading

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EAC unions call off strike EAC workers demonstrating in Nicosia earlier this week (Christos Theodorides) By Andria Kades – The Cyprus-Mail UNIONS representing workers at the Electricity Authority of Cyprus (EAC) on Thursday called off their planned strike action, after … Continue reading

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Rolling power cuts likely as EAC workers go on strike

By Elias Hazou – the Cyprus-Mail Trade unions of the Electricity Authority of Cyprus (EAC) have announced that workers at the power utility will hold a work stoppage on Friday, followed by three-hour strikes daily as of next week. The … Continue reading

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Price Reductions on Medicines Announced Yesterday

By The Cyprus Mail – 12 January 2015 The health ministry uploaded earlier today the new price list of almost 2,000 medicines. On average prices have been reduced by around 15.5 per cent even though in some cases the reductions are as … Continue reading

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Cyprus Airways Ceases to Trade

Taken from the independent.co.uk Cyprus Airways shuts down after order to repay state aid leaves it bankrupt At 9pm local time on Friday, Cyprus Airways flight 337 from Athens touched down at Larnaca airport – the final landing for an … Continue reading

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