Breaking news

Cyprus Customs Department Posts Robust Revenue Growth For 2025

by THEFUTURE.TEAM

March 30, 2026

Cyprus Customs Department reported a 5.6% increase in total revenue in 2025 compared to the previous year. The increase added more than €75 million to public finances. Growth was driven by higher import duties, excise taxes and VAT on imports. Data reflect changes in trade activity and tax collection.

Stronger Import Duties Fueling Revenue Surge

Revenue from import duties increased by 11.5%, adding €6.8 million. The increase reflects higher volumes and tariff collection. Import duties remain a key component of customs revenue. Growth supports overall fiscal intake.

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Additional Boost From Excise And VAT Increases

Excise duty revenue rose by 7.1%, contributing an additional €38.2 million. VAT on imports increased by 4%, adding €30 million. Other revenue sources grew by 9.3%, or €0.5 million. Combined figures show broad-based revenue growth.

Strategic Fiscal Measures Amid Global Crises

Revenue growth comes as the government implements support measures for households and businesses. Policies address higher costs linked to external developments. Measures also respond to sector-specific pressures, including agriculture. Fiscal policy is being adjusted to current economic conditions.

Customs revenue data show increased inflows across multiple tax categories. Trends support public finances amid external pressures.

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Uber Expands Into Luxury Travel With Acquisition Of Blacklane

by THEFUTURE.TEAM

March 31, 2026

Uber Broadens Its Portfolio

Uber Technologies is accelerating its foray into luxury and executive travel by acquiring Berlin-based Blacklane, a prominent provider of on-demand black-car chauffeur services. The strategic move underscores Uber’s objective to diversify beyond its core ride-hailing business into premium mobility solutions.

A Notable Exit For Blacklane

Founded in 2011, Blacklane has attracted over $100 million in funding from high-profile investors including Sixt, Mercedes-Benz, and ALFAHIM, a UAE-based conglomerate. The acquisition represents a significant exit for the company, which operates in major cities across Europe, the Middle East, Asia, South America, and North America.

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Regulatory Milestones And Future Prospects

Completion of the deal is expected by the end of the year, pending regulatory approvals. The move follows the launch of Uber Elite, a premium service offering chauffeur rides, airport meet-and-greet options, and 24/7 support. The service is currently available in Los Angeles and San Francisco, with expansion planned to New York.

Conclusion

The acquisition expands Uber’s presence in premium mobility as demand for higher-end transport services grows. Competition in the sector continues to shift toward differentiated offerings, including executive and chauffeur-driven services.