Category Archives: Business

CYPRUS: APOEL sign new manger Thomas Doll after Champions League defeat

APOEL FC have signed German manager Thomas Doll, soon after losing 2-1 at home to Azerbaijan's Qarabaq in a Champions League qualifier in Nicosia on Tuesday.Doll is a well-known German manager and footballer who wore the jersey of teams likes

Proposal of Finance Minister on corporate tax raise turned down, KEBE chairman announces

A proposal by the Ministry of Finance to raise corporate tax from 12.5% to 15% was turned down on Wednesday by the Cyprus Chamber of Commerce and Industry (????), the Employers and Industrialists Federation (OEB), the Cyprus Investment Promotion Agency...

ECONOMY: Cyprus mulls increasing corporate tax rate to 15%

Cyprus Finance Minister Harris Georgiades is considering an increase of the corporate tax rate from 12.5% to 15% as part of a financial reform package.Georgiades discussed the idea at a meeting with stakeholders last week and told CyBC radio on

MARKETS: Calm, as investors remain skittish over US-China conflict

Following the selloff at the onset of the week, US equities rebounded while Asian equities saw a mixed start to the day. The Dollar index (DXY) couldn't hang on to its recent two-year high around the 99 level, and the

TRAVEL: Cyprus airports traffic up 3.1% for first seven months

Passenger traffic at Larnaca and Paphos airports in the seven-month period January-July 2019 rose 3.1% to 6.1 million from 5.9 million last year, according to Hermes Airports data.Although traffic at Cyprus airports is slightly up, the momentum of prev...

CYPRUS: Minister U-turn on corporate tax hike after business shoots it down

Finance Minister Harris Georgiades has quickly dropped his proposal to increase the corporate tax rate from 12.5% to 15% after Cyprus business leaders strongly opposed the idea.The Finance Ministry proposal was met with unanimous disdain by the Chamber...