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151. Pillar two readiness and technology

As per our previous publications and alerts, we had the opportunity to communicate a significant development - the introduction of BEPS 2.0 Pillar Two or Global Minimum Tax. The European Union unanimously adopted a directive in December 2022 (the ''Minimum Tax Directive''). ...

152. Cyprus banks push for green standards with ESG certification

Artemis Credit Bureau, a subsidiary of the Association of Cyprus Banks, announced it will launch an interbank project for the corporate certification on ESG (Environmental – Social – Governance) criteria. ...

153. SAFE BULKERS Inc launches deck officer training scholarship program

In a bid to foster interest in maritime professions among young individuals and align with environmental, social, and corporate governance goals, Polly Hatzioannou's company, SAFE BULKERS Inc., has announced the initiation of the Deck Officer Training Scholarship program....

154. Imperio leads Cyprus real estate into green future with first-ever ESG report

Imperio remains steadfast in its commitment to promote the green transition of Cyprus’ real estate sector – a development that will greatly benefit the sector’s businesses, society, economy, as well as the environment itself, in multiple ways....

155. EY seminar explores green tax impact on businesses

EY Cyprus Academy of Learning and Development Organized a Seminar on Sustainability and Green Taxes Affecting Business – As – Usual: The EU Role of Cyprus. ...

156. Government reveals setbacks in local governance overhaul

The Cypriot government admits to deficiencies in its largest administrative overhaul since the Republic's inception, just four months before its official launch....

157. Netherlands tops global pension charts

A recent analysis by the Mercer CFA Institute has identified European nations as leaders in global pension systems. The Netherlands secures the top spot in the rankings, with Iceland and Denmark following closely behind....

158. Is President's trustworthiness too good to be true?

On the 17th of April 2022, I delved into the enigma of the Christodoulides phenomenon, marveling at the unprecedented surge of public adoration that preceded his formal candidacy....

159. Christodoulides faces declining ratings amid citizen discontent

Marina Economidou, Director of 'Kathimerini,' has commented on the recent poll results indicating a decline in the ratings of President Nikos Christodoulides. ...

160. Government courts global investors in ambitious growth push

In a bid to position Cyprus as an enticing destination for foreign investments, the President of the Republic addressed a gathering of over 100 foreign investors and companies at the Presidential Palace. ...

161. Health authority aims for 2024 completion of electronic health record

Electronic health record is expected to be completed by the end of 2024, National Electronic Health Authority Board Chairman, Professor Christos Schizas, said on Monday after a meeting with Minister of Health, Michalis Damianos....

162. EU leaders reach agreement on 50-billion-euro fund for Ukraine amidst Orban standoff

European Union leaders, after weeks of tense negotiations, have secured a breakthrough agreement, compelling Prime Minister Viktor Orban of Hungary to endorse a 50-billion-euro fund for Ukraine....

163. Digital Citizen initiative for streamlined services

President Nikos Christodoulides announced a series of policy actions aimed at improving citizens' daily lives and enhancing their overall quality of life, alongside legislative and other initiatives geared towards modernizing state structures and institutions....

164. Great Sea Interconnector secures €164.5M boost in European funding

The Independent Electricity Transmission Operator of Greece (ADMIE) has announced a substantial increase in European funding for the Great Sea Interconnector project, soaring from €55.2 million to €164.5 million....

165. Israel's brutal military campaign unleashed after Gaza strip attack

In the midst of escalating tensions between Israel and Hamas, the recent attack near the Gaza Strip has intensified an already volatile situation....

166. Businesses fear global tax reform will lead to double taxation

Global tax reform, ineffective use of technology and economic uncertainty are putting significant strain on business’ transfer pricing (TP) capabilities, according to the 2024 EY International Tax and Transfer Pricing Survey....

167. Open selection ensures 40% women in semi-governmental organizations

President Nikos Christodoulides presided over a Ministerial Council meeting at the Presidential Palace today, focusing on significant governance reforms....

168. Eurobank expands scholarship program to Cyprus

Eurobank Group is bringing its long-standing ''Forward for Education'' initiative to Cyprus, unveiling a new chapter in the program's 21-year history....

169. Big news! New EU data rules give you more control

In a significant development, the European Union's Data Act officially came into force today, ushering in a new era for data access and privacy in the EU market. ...

170. Dr. Anastasatos forecasts bright future for Cyprus economy

Eurobank group's chief economist, Dr Tasos Anastasatos, expresses optimism about the Cyprus economy, emphasizing that the decision to expand the group's banking presence in Cyprus is linked to these positive economic prospects....

171. Maria Stylianou-Lottidi breaks barriers, elected to IOI Europe board

In a historic move, Ms. Maria Stylianou-Lottidi, the Commissioner for Administration and Protection of Human Rights in Cyprus,...

172. President contemplates restart amidst manipulation claims

The official first was Wednesday, January 10, for the new members of the Government after they officially received their portfolios from the President of the Republic Nikos Christodoulidis....

173. US pushes for Palestinian state amidst ongoing Gaza crisis

Secretary of State Antony Blinken engaged in talks with President Mahmoud Abbas, highlighting U.S. efforts to support postwar plans for Gaza, emphasizing concrete steps toward a Palestinian state....

174. Christodoulides' strong message: Ignore sirens, focus on governance

The swearing-in and assumption of duties of the new ministers and officials of the government took place today (10/01), at the Presidential Palace....

175. The cabinet reshuffle saga is a lesson in governance

When Nikos Christodoulides was vying for the Presidency last year, the primary question scrutinized was not just his readiness to govern, but also the individuals he would choose to surround himself with....

176. iPhone survives 5,000-meter fall from Boeing

In a dramatic turn of events for aviation giant Boeing, the anticipation surrounding the approval of new models of its best-selling MAX jet has been overshadowed by a mid-air breach that has thrust the planemaker into the regulatory spotlight....

177. A government on fragile ground

In May 2022, Nikos Christodoulides announced his candidacy for the Presidency of the Republic, only to be overshadowed by the revelation of a partially plagiarized speech from Ioannis Kasoulides during the 2008 presidential election....

178. 'The bill goes to the President'

The resignation of Deputy Minister of Innovation Philippos Hadjizacharias shouldn't come as a surprise. This is not solely due to ethical considerations, as his name has been among those vilified and deconstructed by the Presidential Office....

179. Cyprus President addresses cabinet on reshuffle speculations

In a pre-Cabinet meeting address, Cyprus President Nicos Christodoulides dismissed media speculation regarding a potential government reshuffle. He emphasized that any such decisions would be communicated directly to the ministers and not leaked through the press....

180. Finance Ministry undergoes administration overhaul