THREE THOUSAND SHAREHOLDER/OWNERS DECLARE A SALARY OF €500 BUT RECEIVE DIVIDENDS

THREE THOUSAND SHAREHOLDER/OWNERS DECLARE A SALARY OF €500 BUT RECEIVE DIVIDENDS - Filenews 18/10 by Eleftheria Paizanou


For decades, hundreds of business owners, directors and shareholders have been declaring monthly salaries of €500, even paying low contributions to the Social Insurance Fund (SSF).

At the same time, they increased their incomes through the dividends they received, which, before the implementation of the tax reform, were taxed at a rate of 17%.

It is worth noting that these people do not currently pay any contributions to the Social Security Fund for dividends.

CHRISTMAS DAY 3 COURSE CARVERY AND LIVE MUSIC Monara Live Music Sports Bar 25 December - 11am till late

 

CHRISTMAS DAY 3 COURSE CARVERY AND LIVE MUSIC

Monara Live Music Sports Bar

25 December - 11am till late

After an absolutely incredible Christmas Day last year, we are very excited to launch our Christmas Day 3 Course Carvery & Live Music at Monara Live Music Sports Bar, Paphos! 

Last year we had 120 people booked in, which is our absolute maximum capacity — so please don’t leave it too late, as this will book up very quickly.

COLLISON OF VEHICLES WITH DOGS IN HUNTING AREAS

 

COLLISON OF VEHICLES WITH DOGS IN HUNTING AREAS - Filenews 18/10

Following incidents of collisions between vehicles and dogs that occurred today in the areas of Kornos, Kofinos and Anglisides, the Police call on drivers to be especially careful when moving on roads near or within hunting areas.

In particular, drivers are recommended to limit the speed of their vehicles and to be vigilant so that they can react in time to the possible appearance of animals on the road.

WHICH GOODS AND SERVICES ARE EATING INTO HOUSEHOLD INCOMES?

WHICH GOODS AND SERVICES ARE EATING INTO HOUSEHOLD INCOMES? - KNews 18/10 by Dorita Yiannakou

Transport, housing, energy and fuel recorded the sharpest increases over the past four years.



Prices across several essential categories of goods and services have risen over the past four years, eating further into household budgets. With the sharpest annual increases now seen in transport, housing, energy and fuel, inflation remains firmly in the picture, steadily eroding households’ purchasing power.

Figures from the Cyprus Statistical Service show that the four years since 2023 have been marked by cost-of-living pressures extending well beyond the weekly grocery shop to important services.

BANK STAFF OFFERED BIGGER PAYOUTS TO LEAVE DUE TO INFLATION

BANK STAFF OFFERED BIGGER PAYOUTS TO LEAVE DUE TO INFLATION - KNews 17/10 by Panayiotis Rougalas

Payouts have climbed well beyond the €200,000, which was once regarded as the maximum amount.


Inflation and the cost of living are undoubtedly on the rise, but payouts to bank employees taking voluntary retirement appear to be cushioning much of the impact.

Over the past year, bank exit packages have pushed well beyond the €200,000 tax-free ceiling, culminating in cdbBank’s voluntary retirement scheme, or VRS.

TURKISH BROADCASTER WARNS OF POSSIBLE NAVAL CLASH OVER CYPRUS ELECTRICITY LINK

TURKISH BROADCASTER WARNS OF POSSIBLE NAVAL CLASH OVER CYPRUS ELECTRICITY LINK - KNews 17/10

TRT Haber Savunma claims Greek and French warships could face Turkish naval forces near Crete, Rhodes and Cyprus.


A Turkish state television news outlet has warned of a possible naval confrontation involving Greek and French vessels in the waters between Crete, Rhodes and Cyprus, linking the prospect to plans to resume work on the Great Sea Interconnector (GSI), the electricity cable project connecting Cyprus with Greece.

TRT Haber Savunma, the defence news section of TRT Haber, published a social media post claiming that Ankara had issued a NAVTEX in response to Greek activity in the area. The post was accompanied by footage of Turkish military exercises and language suggesting that the Turkish navy was prepared to confront foreign vessels.

CYPRUS GETS ITS COP31 INVITATION, BUT ON TURKEY'S TERMS

CYPRUS GETS ITS COP31 INVITATION, BUT ON TURKEY'S TERMS - KNews 18/10 by Pavlos Xanthoulis

The losses for Nicosia outweigh the gains of an unsigned invitation to President Christodoulides.


The participation of the president of the Republic of Cyprus in the COP31 UN climate conference, taking place on Turkish soil in Antalya on November 11–12, triggered a minor crisis in Brussels. The response was a “compromise” that appears tailored more to Turkey’s preferences, leaving Cyprus shortchanged compared with its 26 EU partners.

As Kathimerini revealed last Sunday, Tayyip Erdogan had sent invitation letters to the leaders of Cyprus’ 26 EU partners several weeks earlier, excluding the Cypriot president.