Leaders in Cyprus want to change tax rules. This makes the tax system new. It helps bring more companies here. The economy was okay last month. Some parts are better now.
New tax rules start in 2026. The Finance Minister leads this plan. The goal is a better tax system. People with middle pay will pay less tax. More money will not be taxed. This goes up from a number. Rules for children's tax help change. Stamp papers are not needed now. This makes things easy.
But some parts are not good. Tax on company money will go up. It will be more than before. This is so Cyprus is not seen as a tax place. Leaders hope this makes Cyprus more open. They think tax changes will bring the same money. They have extra money now.
The economy news is mixed. One number dropped last month. Some parts are not happy. Shops, building, and factories are happier. Shops sell more. Building has more work.
People feel better about money. They are happy about the economy. They plan to buy big things. Less worry is good. It helps people and companies.