By 2020, companies will have shifted the majority of their research and development (R&D) spending away from product-based offerings to software and service offerings. According to the Global Innovation 1000 Study from PwC’s Strategy&, the main reason for this shift in R&D budgets is the need to stay competitive. The study showed that companies which
More
By Richard Greiner – Moore Stephens Total annual operating costs in the shipping industry fell by an average of 2.4% in 2015, according to OpCost 2016, Moore Stephens’ unique ship operating costs benchmarking tool. This compares with the 0.8% average fall in costs recorded for 2014. All categories of expenditure in 2015 were down
More
By Michael Simms – Moore Stephens It has been a long time coming, but recent accession by Finland has triggered the entry into force of the International Convention for the Control and Management of Ships’ Ballast Water and Sediments (BWM) convention. The convention will enter into force on 8 September 2017, by which date
More
. By Dr. Jim Leontiades Cyprus International Institute of Management European Union membership has many advantages for Cyprus – otherwise we would not have joined. But the EU is changing. With the impending withdrawal of the UK from the European Union, the motivation toward closer integration has gained additional impetus. There is now serious talk
More
• But ESM cannot finance deal, says Regling The European Stability Mechanism (ESM) mandate does not allow financing a Cyprus settlement, its Managing Director said on Tuesday after a meeting he had with Cyprus President Nicos Anastasiades, noting that “at the moment that would not be possible without changing the ESM Treaty.” In statements
More
* No new taxes, 2017 budget surplus seen at 2.1% of GDP * Cyprus will not relax its budgetary targets, Finance Minister Harris Georgiades said at the 12th Economist Summit in Nicosia. He further noted that “unlike others in Europe, we do not believe in deficits policies, nor do we believe that growth comes through
More
. The government announced that is, at last, to establish two Under Secretariats – a wash-down from the initial plan of six Deputy Ministries – with the two new departments being independent and reporting directly to the President. More than three years ago, in one of his pre-election pledges, President Anastasiades had told a gathering
More
. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate & Project Managers About 12 months I wrote in this column that it is not expected to see interest from large foreign investment funds to enter the real estate sector. So far, my predictions in this regard have been vindicated albeit
More
* 50 award winners share €500,000 this year * President Nicos Anastasiades said that the government remains committed to supporting bi-communal initiatives which in turn support efforts at finding a comprehensive settlement that will end the unacceptable status quo and reunite the country, its people, the economy and institutions. Addressing the Stelios Philanthropic Foundation
More
WISTA Cyprus, the networking organisation for women at management level in the maritime industry, recently organised a training course for its members on “Energy Economics and Shipping”, hosting Professor Michael Tamvakis from Cass Business School, City University in London. Professor Tamvakis presented, over a full day, topics related to the energy industry, starting from
More