In July, the Cyprus Revenue Authority conducted thorough audits on properties that were purchased or constructed with the benefit of a reduced VAT rate. These inspections primarily focused on housing units in the Free Famagusta area, with around one thousand properties being examined. During these on-the-spot audits, the department identified over 50 significant violations related to property tax...
On a scorching July afternoon, about five weeks into my stay in Nicosia, I decided to explore some of Cyprus' most famous archaeological sites: the Tomb of the Kings and the Kato Paphos Archaeological Park. I expected to be awed by these historical wonders, but instead, I found myself struggling to grasp even the basics of what I was seeing. There’s no denying the immense historical value of these...
The Research and Innovation Foundation (RIF) has unveiled a new initiative, the "Co-Develop" funding program, which boasts a total budget of €6 million. This program is designed to address practical challenges by fostering collaboration between researchers and businesses in key sectors such as digital technologies, advanced agriculture, healthcare, and environmental sustainability. The primary...
