https://knews.kathimerini.com.cy/en/business/bitcoin-surpasses-$57-000-on-etf-boost-and-corporate-investments
Bitcoin reached a milestone, surpassing $57,000, driven by increasing demand from exchange-traded funds (ETFs) and corporate investments, notably by MicroStrategy. ...
https://knews.kathimerini.com.cy/en/news/government-now-implements-preemptive-checks-on-companies
In a decision announced by Finance Minister Makis Keraunos on Tuesday, the Cabinet approved the establishment of a unified regulatory authority for companies offering administrative services.
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https://knews.kathimerini.com.cy/en/business/ceos-globally-forecast-increase-in-revenues-profits-and-deal-making-in-2024-as-business-transformation-moves-up-the-agenda
CEOs are optimistic about their ability to drive revenue growth and profitability in 2024 despite global economic headwinds, according to the latest EY CEO Outlook Pulse survey....
https://knews.kathimerini.com.cy/en/business/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''). ...
https://knews.kathimerini.com.cy/en/news/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.
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https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/news/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....
https://knews.kathimerini.com.cy/en/business/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.
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https://knews.kathimerini.com.cy/en/business/hellenic-bank-posts-impressive-2023-profit-of-€365-4-million
Hellenic Bank reported a substantial profit of €365.4 million for the year 2023, marking a significant upswing from €21.8 million in 2022. The Return on Tangible Equity (ROTE) for 2023 soared to 28.7%, a stark contrast to the 2.0% recorded in 2022....
https://knews.kathimerini.com.cy/en/news/leaked-documents-reveal-extent-of-china-s-hacking-operations
A significant data breach has exposed over 570 files and documents related to Chinese hacking activities, shedding light on the scale and effectiveness of China's cyber espionage operations....
https://knews.kathimerini.com.cy/en/business/cyprus-delays-15-multinational-tax-enforcement
Cyprus has yet to enforce the new EU rules introducing a minimum effective tax rate of 15% for multinational corporations operating within EU member states....
https://knews.kathimerini.com.cy/en/business/ecommbx-teams-up-with-nba-sensation-sasha-vezenkov-in-a-groundbreaking-partnership
In an electrifying announcement that has the sports and business worlds abuzz, ECOMMBX is thrilled to unveil NBA star Sasha Vezenkov as its new brand ambassador. This dynamic partnership marks a significant milestone in ECOMMBX's journey, symbolizing an era of unparalleled excitement and growth....
https://knews.kathimerini.com.cy/en/news/lidl-cyprus-invests-€450-000-in-employee-appreciation-program
Lidl Cyprus rewards the collective effort and contribution of its team, by granting additional cash benefits totalling €450,000....
https://knews.kathimerini.com.cy/en/news/why-do-employees-say-no-to-promotions-insights-from-a-global-study
A significant question arises in modern workplaces: why would an employee decline a promotion when they are entirely content with their current role?...
https://knews.kathimerini.com.cy/en/business/women-in-techⓇ-cyprus-launches-educational-program-advocate-for-yourself
A partnership between TechIsland and Adsterra...
https://knews.kathimerini.com.cy/en/news/us-senators-grill-social-media-ceos-over-child-safety-concerns
In a heated session on Wednesday, U.S. senators confronted leaders of major social media companies, urging swift legislative action to address escalating threats of sexual predation targeting children on their platforms....
https://knews.kathimerini.com.cy/en/news/government-s-€6-6m-solar-project-powers-education-sustainably
In a significant leap towards sustainability, Cyprus has successfully concluded a €6.6 million project, installing photovoltaic systems in 405 school buildings.
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https://knews.kathimerini.com.cy/en/business/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....
https://knews.kathimerini.com.cy/en/business/lidl-cyprus-top-employer-in-cyprus-also-in-2024
Lidl Cyprus is the Top Employer for the 7th consecutive year in Cyprus and Europe, according to the results of the internationally recognized independent organization Top Employer Institute....
https://knews.kathimerini.com.cy/en/news/1-non-performing-loans-hold-steady-at-€2b-amid-rising-rates
Non-performing loans in the Cyprus banking system remained essentially unchanged at €2 billion in October 2023, marking a marginal reduction of just €2 million, in an environment of rising interest rates....
https://knews.kathimerini.com.cy/en/news/dr-anastasatos-forecasts-bright-future-for-cyprus-economy-in-candid-interview
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....
https://knews.kathimerini.com.cy/en/news/cyprus-makes-the-cut-in-new-tax-friendly-nations-list
In a recent announcement, the Ministry of Finance shed light on the revised list of countries enjoying preferential tax status under the Independent Authority for Public Revenue of the Hellenic Republic (IAEA)....
https://knews.kathimerini.com.cy/en/news/el-greco-medical-centre-set-to-elevate-healthcare-standards-in-cyprus
The El Greco Medical Centre, slated to open its doors in early 2024, aims to redefine healthcare standards in Cyprus with its state-of-the-art facilities and patient-centric approach....
https://knews.kathimerini.com.cy/en/news/lidl-cyprus-embraces-diversity-among-its-people
The diversity of Lidl Cyprus’ employees is the main subject of the company's recent campaign. ...
https://knews.kathimerini.com.cy/en/business/businesses-to-cut-greenhouse-gas-targets-by-10
Businesses revise climate targets as reality of long-term sustainability transformation hits. Sustainability progress plateaus as short-term pressures and external forces hit CSO agenda....
https://knews.kathimerini.com.cy/en/news/non-performing-loans-take-a-€95m-dive
As of the end of September 2023, the total Non-Performing Loans (NPLs) in the banking system of Cyprus further decreased to €2.02 billion compared to €2.08 billion at the end of August.
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https://knews.kathimerini.com.cy/en/business/ey-cyprus-new-office-transforming-work-in-a-post-covid-world
The global pandemic has led in an era of exceptional change in the core model of work, prompting organizations to reassess traditional structures and embrace a hybrid approach....
https://knews.kathimerini.com.cy/en/news/leroy-merlin-to-host-stray-dogs-under-christmas-trees
In a heartwarming display of compassion, Leroy Merlin, known for its animal-friendly initiatives, is making headlines again....
https://knews.kathimerini.com.cy/en/news/why-the-constant-delay-in-the-cyprus-chevron-gas-deal
Negotiations between the Republic of Cyprus and Chevron, representing the Aphrodite consortium in block ''12'' in the Cypriot EEZ, are currently stuck, primarily due to differences in the time frame. ...
https://knews.kathimerini.com.cy/en/news/no-plans-to-cut-interest-rates-amid-inflation-worries
The perspective advocated by many young individuals, endorsing a declaration of victory over inflation, is articulated by Dr. Jensen, the president of the German Bundesbank....
