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961. Digital Agenda 2021 ends with a bang!

The second and final day of Digital Agenda Cyprus was more impressive with speakers bringing together ideas, predictions and discussions about the future of technology and what to expect during the post-pandemic era....

962. Cyprus lacks 'snitches' to root out cartels

The head of Cyprus’ competition protection office says its program designed to root out cartels on the island has failed because of the country’s closed society where snitching is not part of Cypriot culture...

963. Cypriot AG says some civil servants unfit for the job

Cyprus’ Auditor General Odysseas Michaelides ruffled some feathers this week when he told a House committee hearing that some leadership positions in the civil service were filled by people who were incompetent...

964. Health Insurance Organization targeting abuses in GESY system

The phenomena of abuses of the General Health System (GESS) that have emerged since its application, is one of the serious issues that concern the Health Insurance Organization (OAY)....

965. The City of London Is Hiding the World’s Stolen Money

In 1969, two years after the Cayman Islands, a British territory, passed its first law to allow secretive offshore trusts, an official government report struck an ominous note....

966. Cypriot minister picks tax battle on Twitter

Cypriot Finance Minister Constantinos Petrides lashed out at critics this weekend, saying his country was in favor of setting a global minimum tax for corporations despite not having signed on the dotted line...

967. Is America really back?

In a 1990 Atlantic Monthly piece, the most influential realist of a generation – John Mearsheimer – put forth a provocative title: “Why we will soon miss the Cold War.” ...

968. EY presents the 17th CFO Management Forum and the CFO Awards 2021

EY has proudly sponsored the 17th CFO Management Forum and 5th CFO Awards, which were held on Tuesday, September 28th at the Nicosia Hilton....

969. UK Military personnel to begin delivering fuel today

Prime Minister Boris Johnson has ordered British military personnel to begin fuel deliveries to gas stations in London and the southeast of England caused by a lack of tanker truck drivers....

970. Jiu Jitsu producers file new lawsuit

The producers and director of the film Jiu Jitsu are suing the Republic of Cyprus, the Auditor General, the Cyprus Investment Promotion Agency and a television station for compensation in excess of 30 million euros...

971. K. Treppides & Co Ltd: Renewed European finance strategy and implementation of the action plan on financing sustainable growth

The European Commission adopted on 21 April 2021, a comprehensive package of measures to help improve the flow of money towards financing the transition to a sustainable economy, whereas these measures will be instrumental in reaching climate and environmental targets as well as vital for economic recovery from the COVID-19 pandemic. ...

972. Increasing the efficiency of the tax department

The increase of the efficiency of the Tax Department, both for the collection of taxes and for the service of the public is of the utmost importance...

973. Another 85 million by February if Cyprus meets deadline of key reforms

With the first 157m euros already paid in advance from the Cyprus Recovery and Resilience Fund, the country still has a long way to go to complete the reforms and investments required to unlock the next 85m euros which is due to be received in February 2022....

974. Cyprus wants clean slate in naturalizations

The government in the Republic of Cyprus has laid out a new blueprint for naturalizations of foreign investors and skilled immigrants, pointing to a departure from the country’s disgraced golden passport scheme while respecting the EU position on citizenship criteria...

975. Global CEO confidence returns to pre-pandemic levels

CEOs of the world’s largest businesses are increasingly optimistic about the outlook for their own business and despite the Delta variant slowing down the ‘return to normal’, their confidence in the global economy has returned to levels not seen since the start of the pandemic....

976. 10% reduction in electricity costs

The Minister of Energy, Trade and Industry, Ms. Natasa Pileidou, today announced a series of measures designed to ease the skyrocketing costs of electricity in households and business....

977. Low birth rate in Cyprus

A meeting was held by the Parliamentary Committee. Of great concern was the issue of low birth rates in Cyprus....

978. State budget and economic outlook for 2022

The Ministry of Finance is working hard to complete the proposed budget of 2022 for submission to the Council of Ministers....

979. EY and IIF survey shows climate change top concern for banks

980. KPMG and CIM offered 2 academic scholarships

981. Sneaky accountant admits draining company funds

A woman in Limassol is promising to return stolen money after she was arrested on suspicion of forging company checks and signing them over to herself for a total over €315,000...

982. Wildfires roar back to life near Athens

Wildfires north of Athens leapt back to life on Thursday as searing conditions persisted and emergency crews battled blazes across Greece for a third day running...

983. EY: CEOs understand transformation cannot be put off following COVID-19 pandemic

More than two-thirds (68%) of CEO respondents from the world’s largest companies say that they plan to take on a major investment in data and technology over the next 12 months, while 61% plan to undertake a major transformation initiative over the same period, according to the global EY CEO Imperative Study 2021. ...

984. Cyprus awaits endorsement during Ursula visit

European Commission President Ursula von der Leyen flies to Cyprus Wednesday on a two day visit to deliver notes on the government’s recovery and resilience plan submitted two months ago...

985. Jho Low wanted to be a Cypriot banker

A British investigative journalist told an audience in Nicosia that Cypriot-naturalized financier Jho Low had tried to use contacts with Kuwaitis to buy a bank on the island where the Malaysian fugitive could launder stolen money...

986. Newly-formed census committee goes to ELAM

Nationalist party ELAM will preside over the newly-formed Census House committee in the Republic of Cyprus, after a recent disagreement between the two largest parties was ultimately resolved in what media pundits described as a solution based on Solomon’s judgment...

987. Cyprus ready for dialogue on global tax

A decision by the Group of Seven to impose a global minimum tax rate does not seem to directly affect Cyprus, its Finance Minister Constantinos Petrides said on Monday...

988. G7 agree on plan targeting tax heavens

The G7 reached a landmark deal on Saturday to pursue higher global tax rates on multinational businesses but the measures need broader support including an EU resolution, with retractors including Cyprus where Amazon recently registered a company...

989. Cyprus opposes global minimum corporate tax

Cypriot Finance Minister Constantinos Petrides says Cyprus opposes both Biden’s proposal for a minimum corporate tax and a recently reached deal by MEPs on improved transparency for tax reporting...

990. KPMG and CIM offer 2 scholarships

KPMG in Cyprus and the Cyprus Institute of Marketing – The Cyprus Business School (CIM) offer for third consecutive year the opportunity to two fellow citizens to acquire an undergraduate or a postgraduate degree...