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Reformed EU VAT Rules for E-commerce Yield Over £33 Billion in 2024

Brussels: New figures from Member States indicate that the European Union’s reformed VAT rules for e-commerce have successfully generated over £33 billion in revenue in 2024. This development, stemming from reforms initiated in 2021, showcases the effectiveness of the One Stop Shop (OSS) and Import One Stop Shop (IOSS) systems.

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Crews Battle Wildfires in Limassol and Paphos Districts

Limassol: Land and air firefighting crews are engaged in efforts to contain wildfires in the mountainous areas of Limassol and the Paphos district. According to Cyprus News Agency, the wildfires in the Limassol mountainous areas have impacted the villages of Vasa, Omodos, Ayia Mavri, and Mallia, with the blaze extending

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Outdoor Work Ceases for Four Hours in Cyprus as Temperatures Soar

Nicosia: All outdoor work between 1200-1600 local time in Cyprus is expected to cease on Wednesday as the intense heatwave gripping the island is at its peak, with the competent minister urging employers to comply with the order. According to Cyprus News Agency, the Department of Labour Inspection of the

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Cyprus Stock Exchange All Share Index Update

Nicosia: The Cyprus Stock Exchange (CSE) All Share Index concluded its recent stock exchange meeting, reflecting the current market dynamics. According to Cyprus News Agency, the meeting date was noted as July 22, 2025. The indices base values were recorded as FTSEMed at 5000 and others at 1000. These figures

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US Confirms Death of Citizen in Recent Syria Attack

Washington: The US State Department has confirmed the death of Hosam Saraya, a US citizen, in the predominantly Druze region of Sweida in Syria last week. A State Department spokesperson announced that consular assistance is being provided to Saraya’s family but declined to provide further details. According to Deutsche Welle,

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