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391. EY climbs World’s Best Workplaces list

EY has been named the #1 professional services employer for the fourth consecutive year in Universum’s 2019 “World’s Most Attractive Employers” annual ranking – moving up one place on 2018 to become the second most attractive employer overall...

392. Cyprus to start process for early repayment of IMF loan, Finance Minister announces

Finance Minister Harris Georgiades announced on Tuesday that an official process will be launched for the early and full repayment of an IMF loan, following the repayment of a loan from Russia....

393. Financial Services towards Artificial Intelligence and Machine Learning

Artificial Intelligence in general and machine learning in particular, is not a new concept, but it is only in recent years that financial services firms have started to learn about and understand its full potential...

394. Attracting investments, relations with Turkey: A new chapter?

On a diplomatic level, the main event was Mitsotakis’ meeting with Turkish President Recep Tayyip Erdogan. The two leaders discussed all the major issues. Aside from the chronic Cyprus dispute, where the situation has become even more complicated following the discovery of gas deposits, one of the most pressing issues at the moment is migration. ...

395. Cyprus fiscal surplus at 4.3% of GDP

Cyprus general government surplus was at 4.3% of GDP in the first eight months of 2019, mainly due to the increase in social contributions and revenue from taxes, according to the preliminary General Government fiscal results for the period of January-August 2019 released Friday by the Statistical Service of Cyprus. ...

396. Anastasiades: We accept political equality

In this context and following a call from the Secretary General for an agreed basis for the resumption of negotiations, there is an understanding by the leaders of the two communities that the relevant “Terms of Reference” should comprise the following elements: ...

397. Cyprus to fully repay IMF loan in 2020

According to figures from the 2020 budget presented by Finance Minister Haris Georgiades to the Cabinet, Cyprus will repay the IMF loan early resulting in government debt reduction to 91.1% of GDP ...

398. Overtaxation led to tax evasion

Losses incurred by the state coffers due to tax evasion in 2014-17 were greater than the value-added tax revenue increase as a result of consecutive tax hikes, according to a European Commission report on the so-called VAT deficit (the difference between the expected VAT revenues and actual collections)...

399. German giant acquires Foody

Cypriot startup Foody has been acquired by a German food delivery giant in a friendly takeover reaching dozens of countries all over the world...

400. Locals stage protest on Lara beach

A protest in favour of local exploitation of Lara beach was held on Sunday in response to activists and state officials who recently reiterated that illegal human activity on turtle nesting sites will not be tolerated...

401. Government in talks with businesses to raise corporate tax rate

Finance Minister Haris Georgiades confirmed reports that the government plans to increase the corporate tax rate from 12.5% to 15%...

402. Anastasiades responds to Akinci’s hydrocarbons proposal

In a letter to UN Secretary General Antonio Guterres President Anastasiades responded to a proposal by Turkish Cypriot leader Mustafa Akinci regarding the co-management of natural gas affairs. ...

403. Talent shortages costing European private businesses €414 billion each year

European private businesses’ biggest challenge is the increasingly growing skills shortage that is preventing them from hiring the right talent for growth. A PwC survey across 31 European countries shines a spotlight on a wider, ongoing issue across the region. PwC estimates that the skills shortage is costing the region €414 billion annually in lost revenues - just from private businesses. That’s around 2.6%of European GDP and is more than the combined annual GDP of Greece and Portugal. ...

404. Britain says Iran attempted to block its oil tanker

Three Iranian vessels tried to block the passage of a British ship through the Strait of Hormuz but withdrew after warnings from a British warship, the British government said on Thursday. ...

405. Deutsche Bank axes 18,000 jobs

406. GCC awarded by Hewlett Packard Enterprise Southern Europe

Hewlett Packard Enterprise Southern Europe named GCC as “Top Solutions Provider Partner of the Year” for Greece and Cyprus markets ...

407. Facebook to launch cryptocurrency called Libra

408.  Aphrodite revenue sharing at 57.1% - 42.9%

409. Cyprus strikes deal with Noble, Shell and Delek

410. Eurobank posts €10 million first quarter profit

411. Nuvei to buy in cash Cyprus based fintech firm SafeCharge for $889 million

412. BOC leadership change will not disrupt momentum Ackermann says

413. Revenue from ship management climbs

414. Tourism Minister says Brexit extension to affect holiday prices

415. IMF warns of 'increasing headwinds to sustained growth'

416. Kenyan tycoon with Cypriot passport files lawsuit

A Kenyan business tycoon who also holds a Cypriot passport is suing authorities in his native country alleging he is being prosecuted unfairly for not disclosing his dual citizenship...

417. Fitch Upgrades Hellenic Bank

418. Cyprus, Israel discuss deal for Aphrodite gas field

419. Female duo allegedly robbed community fund

Two women have been arrested in Limassol after €120,000 went missing at a local community over the course of five years...

420. Checking of Greeks cash abroad begins

The tax administration now has data concerning Greeks with deposits, dividends, shares and real estate abroad over the last couple of years, in the context of the automatic exchange of information....