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Cyprus News Agency: News in English, 13-08-21

Cyprus News Agency: News in English Directory - Previous Article - Next Article

From: The Cyprus News Agency at <http://www.cyna.org.cy>


CONTENTS

  • [01] Child labour reality in Europe grim, says CoE Commissioner
  • [02] Crime up in Cyprus between 2007-2010, Eurostat says
  • [03] Additional measures decided by the Cabinet for immovable property
  • [04] Cyprus' Industrial Turnover down by 12.8% in May 2013
  • [05] Revenue from VAT in July increases by 1.4% in Cyprus

  • [01] Child labour reality in Europe grim, says CoE Commissioner

    The Council of Europe Commissioner for Human Rights Nils Muižnieks points out that child labour constitutes a serious problem in Europe, warning of possible rapid growth of the problem in countries suffering from the economic crisis, such as Greece, Cyprus, Italy and Portugal.

    In an intervention, Muižnieks cites figures from the International Labor Organisation, saying that today more than 250 million children globally, aged from 5 to 14 years old, are working. According to the data released from UNESCO, the reality of child labor in Europe is grim, he says.

    In Georgia 29% of children aged from 7 to 14 are working and in Albania this figure is 19%. In Russia around one million children are working and in Italy the 5.2% of children under the age of 16 are working.

    [02] Crime up in Cyprus between 2007-2010, Eurostat says

    In the years 2007-2010, the recorded crime increased in 12 EU member states, among them Cyprus, according to Eurostat data about the levels of recorded crime across EU member states.

    However the latest collection of data indicated a general tendency towards a decrease in the levels of recorded crime. Crimes linked to drug trafficking, robbery and violent crimes decreased between the 3 and 6% between 2007 and 2010. Moreover, the number of motor vehicles thefts has fallen substantially faster over the same period (-23%).

    In contrast, domestic burglary is a category with a rising trend in the EU. Compared to 2007, 7% more cases of domestic burglary were reported in 2010.

    [03] Additional measures decided by the Cabinet for immovable property

    The Council of Ministers has abolished taxation for immovable property valued up to 5 thousand euros.

    Government Spokesman Christos Stylianides told reporters after the weekly Cabinet meeting chaired by President Nicos Anastasiades at the presidential retreat in the Troodos Mountains, that the decision on the immovable property amends existing legislation according to which owners of immovable property valued up to 5.000 euros had to pay a minimum of 75 euros property tax. For properties over 5.000-40.000 there will be a tax of six euros per thousand.

    The Spokesman said the state expects to receive around 105-110 million euros from the new property tax.

    [04] Cyprus' Industrial Turnover down by 12.8% in May 2013

    Cyprus` Industrial Turnover in May declined to 109.0 units recording a decrease of 12.8% year on year, figures released today by Cyprus Statistical Service show.

    For the period January-May 2013, the index recorded a decrease of 11,1% compared to the same period of the previous year.

    For Manufacturing, the index for May 2013 reached 98,6 units, recording a decrease of 11,3% compared to May 2012.

    [05] Revenue from VAT in July increases by 1.4% in Cyprus

    Revenue from Value Added Tax in July reached €151.4 million, marking an increase of 1.4% compared with 149.2 million in the corresponding month of 2012, VAT Service announced on Wednesday.

    "Taking into consideration the economic crisis, the recession and the sizeable reduction in imports, the increase of the VAT revenue by €2.2 million can be considered as particularly important, as it contributes positively to the Ministry of Finance`s effort to achieve the fiscal targets set out," a press release issued by the VAT service reads.

    VAT receipts from companies in Cyprus increased in July by 3.9%.


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