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391. 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. ...

392. Cypriot president out of hospital after surgery

Cypriot President Nicos Anastasiades underwent spinal surgery on Friday, after the procedure came up casually during comments he had made to reporters about an imminent Cabinet reshuffle...

393. Yiolitis walks away with ‘clear conscience’

Cypriot President Nicos Anastasiades had no further comment but to thank outgoing Justice Minister Emily Yiolitis, who resigned Thursday following a barrage of bad publicity implicating her as the 'weakest link' in the administration ahead of an upcoming Cabinet reshuffle...

394. ECB tells Cyprus lawmakers to get it right

Elizabeth McCaul, Member of the Supervisory Board of the ECB, advised caution over possible amendments to the Cyprus foreclosure law stressing that 'such policies can also backfire and destabilize the banking sector if designed in a haphazard manner'...

395. 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...

396. 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...

397. 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...

398. 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...

399. Advisory Services to the Cyprus Cancer Research Institute

KPMG in Cyprus will offer pro-bono Advisory Services to the Cyprus Cancer Research Institute (CCRI). Based on the partnership, the scope of services relates to the overall design of the Institute’s operational processes...

400. KPMG supports 'Adopt a Family for Easter'

Our Corporate Social Responsibility programme forms an integral part of our corporate philosophy around the world. As every year, we aim to implement specific actions with a substantial impact on our society, such as the support for socially vulnerable groups...

401. 2021 KPMG CEO Outlook Pulse Survey

402. IMF: Withdrawal of support measures should be gradual

An International Monetary Fund (IMF) mission met virtually with the Cypriot authorities from March 8–29, 2021 to discuss recent economic developments and policy priorities on the island. In an interview with Kathimerini Cyprus, IMF mission chief for Cyprus, Anita Tuladhar, said the longer the recovery period in sectors related to tourism, the greater the chance that permanent scars will remain in the economy of Cyprus. Tuladhar also noted the importance of state-sponsored programs to support the economy....

403. EY Cyprus participated in the 4thCyprus International Tax Conference

EY Cyprus has once again supported and participated in the 4thCyprus International Tax Conference, on Tuesday March 30th....

404. EY Academy of Learning & Development introduces a new Web-Based Learning initiative

EY Cyprus is proud to announce the launch of a new Web-Based Learning (WBL) initiative, an expansion of the offerings of the EY Academy of Learning and Development...

405. Limassol restaurants accepting 'chosen' customers through back door

Against the backdrop of intensifying concerns over the island’s deteriorating epidemiological situation, culminating in the government’s decision to hold off on announcing any further relaxations on Wednesday, some appear to not be fully grasping the severity of the situation and are flouting restrictions in place to curb the spread of the virus....

406. Vaccinations 'main economic tool' in managing Covid crisis

Vaccinations have turned into the main economic tool for the management of the coronavirus crisis and the prospects for recovery, Minister of Finance Constantinos Petrides said, stating that he foresees a strong recovery in 2021 ranging from 3.5% to 4.5% of GDP, depending on the development of the pandemic....

407. Cop with covered badge number in hot water

A member of an elite police unit is under investigation following reports that the ID number on his helmet had been covered during an operation at a protest in downtown Nicosia...

408. KPMG unveils Impact Plan: shares progress against newly created Stakeholder Capitalism Metrics

KPMG has recently published its first global environmental, social and governance (ESG) plan. KPMG Impact Plan brings together new and existing ESG commitments under one umbrella, focusing on four important categories: Planet, People, Prosperity and Governance...

409. EU scrambles for supply amid vaccine clatter

Cypriot EU Commissioner Stella Kyriakides says AstraZeneca’s revised schedule for delivering fewer doses of the COVID-19 vaccine in coming weeks is “not acceptable” while the European Ombudsman embarks on an investigation into vaccine contracts...

410. Supreme Court takes on Twitter parody case

A woman whose house in Larnaca was raided by police officers, following a complaint by Justice Minister Emily Yiolitis over a parody account on Twitter, is taking her case to the Supreme Court, with her lawyers arguing police performed an illegal search...

411. Legal experts pounce on Yiolitis case

A well-known Cypriot lawyer, who raised questions over a home search after Justice Minister Emily Yiolitis filed a criminal complaint against a Twitter parody account, has written to the Police Chief asking to obtain public information as a concerned citizen...

412. Home searched over minister’s parody account

Police officers knocked on the door of a woman who manages a Twitter parody account about the justice minister, prompting some social media users to inquire about the incident...

413. Cyprus remains an attractive investment destination

Cyprus remains an attractive investment destination, especially among established investors ...

414. EY Cyprus sponsors 3rd Anti-Fraud Conference

EY Cyprus has, once again, sponsored and participated in the 3rd Cyprus Anti-Fraud Conference, which was organised by IMH and the Cyprus Chapter of the Association of Certified Fraud Examiners (ACFE). The event was held online on Tuesday 15th December...

415. KPMG survey shows biodiversity-related risk remains under-reported

While it is notable that 80% of the world’s 250 largest companies now report on sustainability, biodiversity-related risk remains significantly under-reported by the global business community...

416. New court culture coming to Cyprus

The president of the Cyprus Bar Association says justice reform is in the air in the Republic of Cyprus, after proposed rules on Civil Law Procedure were submitted on Thursday to the Supreme Court in hopes to introduce a new court culture on the island...

417. KPMG survey: companies see climate change as financial risk but disclosure quality must improve

56% of the world’s 250 largest companies (G250) now acknowledge climate change as a financial risk to their business in their corporate reporting, according to a new KPMG International survey, which also revealed that the quality of climate-related risk disclosures among these companies needs to improve...

418. Cyprus experiencing excessive macroeconomic imbalances

The European Commission said Wednesday that Cyprus continues to face excessive macroeconomic imbalances, particularly in view of the country’s very high percentage of non-performing loans that continue to plague the financial sector, but also in light of high private sector, government, and external debt....

419. Lidl Cyprus celebrates 10th anniversary

A press conference dedicated to the 10th anniversary of its operation was carried out by Lidl Cyprus on Tuesday, November 10, in a virtual environment and in the presence of institutions and representatives of the media...

420. Zara's online store in Cyprus goes live today

Zara launches online sales in Cyprus today. With this launch, Zara is marking a new milestone in the steady expansion of its fully integrated store and online model across the universe of markets in which the Inditex Group does business....