Cyprus Business Now: weekly wrap-up

Contributing sentiments towards policy:

61% : According to the Ministry of Energy, the meeting took place on the sidelines of GITEX Global 2025, where the Cypriot minister is leading the country's delegation as part of Cyprus' national pavilion, organised in cooperation with the Cyprus Trade Centre in Dubai.
60% : Cyprus and the United Arab Emirates reaffirmed their commitment to strengthening bilateral economic relations and investment cooperation during a meeting between Cyprus' Minister of Energy, George Papanastasiou, and the UAE Minister of Economy, Abdulla bin Touq Al Marri in Dubai, on Wednesday.
55% : Cyprus hoteliers association (Pasyxe) president on Friday Thanos Michaelides described the 91st HOTREC general assembly in Paphos, which the association is hosting, as a crucial forum. HOTREC is a forum "where we can both draw knowledge and be able to cope with the new directives that will come in the future," Michaelides said.
54% : HOTREC is the umbrella association representing Europe's hospitality industry to EU institutions, advocating for its interests, and sharing expertise on key issues.
53% : The move, set out in Circular 6/2025 and signed by Tax Commissioner Sotiris Markidis, beginning of October, aims to bring consistency and fairness to the system, eliminating distortions and cases where citizens have paid more VAT than they should due to misinterpretation by businesses.
51% : Eligible applicants include Cypriot citizens and EU nationals who have been permanent residents of Cyprus for at least five years prior to applying.
48% : According to the draft directive, the minimum tax on cigarettes would increase from 60 per cent to 63 per cent of the weighted average retail price and from €90 to €215 per 1,000 pieces.
40% : The average gross wage refers to total pay before deductions for social insurance and taxes.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.