Extension of tax reduction on fuel-electricity until August

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10:54 Sunday
15 May 2022 INSIDER • GOAL • IN-CYPRUS • PROPERTY • CYPRUS-IS • CAREER LIKE • GOING OUT • XRYSES SYNTAGES • ACTIVE • PHILGROUP NEWS & nbsp; SOCIETY & nbsp; INSIDER & nbsp; OPINIONS & nbsp; GOING OUT & nbsp; CULTURE & nbsp; SPORTS & nbsp; AUTO & nbsp; GOOD LIFE & nbsp; USEFUL & nbsp; PRINTED EDITION & nbsp;

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Next Extension of fuel tax reduction until August HOME • INSIDER • CYPRUS • Extension of fuel tax reduction until August

Socrates Joachim

[email protected]

Until the end of August, according to cross-referenced information in the column, the government will extend the horizontal reduction of VAT on electricity and the reduction of excise duty on fuel, in an effort to mitigate the effects of the gallop of inflation. So far, according to the information we have obtained, € 180 million have been spent to deal with the effects of the financial crisis, an amount which will increase significantly by the end of the year. This action, however, is against the EU guidelines for targeted and short-term tax relief, but the government considered it necessary to extend the measure. In short, what the government has done is to keep prices for the whole population, instead of doing it in a targeted way, something that other countries have done, which have kept prices and supported those who really needed it from the extra revenue.

Rolandos changed CFO

Rolandos Enterprises replaced its financial director Andreas Loizou with Mr. Charalambos Christodoulidis this week. The reason for this change is to enable Mr. Loizou to devote all his time to developing the foreign market for the company's products, something he is already doing in Amsterdam, where he is based. 2017. Mr. Christodoulidis is a certified public accountant and has been acting as an external partner of the company for various financial issues since 2020. Rolandos is engaged in the cosmetics trade, exporting to more than 20 countries. & nbsp;

Accommodation in Amman

Royal Jordanian Airlines is increasing its flights to and from Cyprus, upgrading the facilities and facilities for flights to Amman and offering special offers for tourism in Jordan. Specifically, they announced that they will upgrade the connectivity, but also the comfort of passengers traveling from Cyprus, offering them free accommodation in Amman hotels on flights from Larnaca to USA, Canada or Asia. One of the pillars of Royal Jordanian's new strategy is to increase tourism in Jordan and in this direction there will be close cooperation with travel agencies and tour operators in Cyprus, through attractive agent fees for individual and group ticket packages, in order to increase in Cypriot travelers to Jordan. & nbsp; & nbsp;

National Development Agency

The General Directorate REFORM of the EU Commission approved in 2021 the request of the Ministry of Finance for the provision of Special Technical Assistance for the creation of a National Promotion Agency. This new organization is expected to strengthen state initiatives to “bridge” funding gaps and improve access to finance for small and medium-sized enterprises, as well as the self-employed. A key part of the study is the analysis of access to finance data and the identification of funding gaps. In this context, as informed by the CCCI members, Ernst & amp; Young Kyprou, which undertook the implementation of the project, conducts an online survey aimed at small and medium-sized enterprises and young people as well as the self-employed. In fact, it invites them to answer the questionnaire, so that they have a correct picture in relation to their financial needs.

A covered checks

Unsecured checks worth € 438,000 were presented to Cypriot banks in April, according to data announced by the Central Bank on Wednesday. It is the highest monthly value of unsecured checks presented at least since 2020, while comparatively it corresponds to more than half of the total amount of unsecured checks presented throughout 2020. Specifically, in January 2022 the total amount of unsecured checks presented was € 149,558. February € 93,811 and March € 64,852. In total, in 2021 unsecured checks worth € 933,945 were presented. According to the CBC data, the number of natural and legal persons registered in the preliminary list from January to April 2022 amounts to 81, while 69 persons were registered in the Central Information Archive (CAP) during the same period. The preliminary list includes all unsecured checks presented to banks, ie all checks that in their last presentation, and after 15 days have passed from the first presentation, remain unpaid due to lack or insufficiency of available funds of their issuer. Unsecured checks, however, also reflect the difficulties faced by individuals and legal entities today in meeting their obligations.

Complaint of M. Antoniou

“Dude, but you have time to write me a humorous comment in your column”, the general manager of OEB Michalis Antoniou told us with a complaint. If I tell you that I am waiting for the announcement of the minimum wage to be inspired, will you believe me, my Michalis? However, when we conveyed the information that the amount will be locked close to € 950, Mr. Antoniou gave us the impression that if such a thing applies, he will take to the streets for the first time to protest. However, the minimum wage will be locked and announced within the current month and the government intends to give businesses a period of 6 months to comply.

Hotel in Laiki Geitonia for sale >

Gordian Holdings is selling a hotel in old Nicosia for the amount of € 1.2 million. The property is a hotel known as “RIMI Hotel”, in the district of Tripioti, Municipality of Nicosia. It is located on the corner of Solonos Street and Aristokyprou Street, 150m from Eleftherias Square and 70m from Ledras Street. It is adjacent to a pedestrian street (Laiki Geitonia) along its eastern border.

The hotel was renovated in 2000 and consists of ground floor, basement and three floors. The ground floor consists of a reception area, living room, restaurant, bar, kitchen, office and inner courtyard that has been converted into a storage room. It has a total of 26 rooms on two floors. The property, it is worth noting, may meet the conditions for the new government incentives for the revitalization of the interior of the walls in Nicosia.

Reactions for the development of the State Exhibition

The general development plan (master plan) for the area of ​​the state international exhibition was publicly presented on Tuesday by the Municipality of Engomi. In essence, the study submitted envisages the creation of a large innovation center in the area. The issue, however, provoked the reaction of the former president of the Ecologists, George Perdikis, who stated that the government decided to hammer this large state property, under the pretext of creating spaces for the development of companies dealing with information technology and innovation. . “They offer the land to an investor who will build apartment buildings with luxury apartments, office buildings and show rooms, cafes, restaurants, etc. Kerasaki, the bus terminal. And a 4-lane avenue (avenue & nbsp; Macedonia) that will unite this new large unified development (next to the state exhibition the Archdiocese is also planning its own master plan) with the one in Metochi of Kykkos. Concrete, asphalt and money. “Otherwise, we are in the Green Growth, we are (as the late Iliopoulos would say)”, concluded Mr. Perdikis. However, the information in the column states that during the presentation the reactions expressed were individual and had more to do with traffic regulations than the implementation of the project.