The inability of the state to collect unpaid fines and taxes exceeding 150 mln euros, tax evasion, debt ridden municipalities, overpriced medicines and the fact that the Auditor’s Office is understaffed were issues raised during a meeting of the House Committee on Development Plans and Public Expenditure Control. The Committee, which examined the Auditor General’s
More
The state Natural Gas Public Company (DEFA) is working to prepare the documents for a new tender for short term supply of natural gas in Cyprus, Chairman Eleni Vassiliadou told the Cyprus News Agency. “We are working very hard on two key documents and we haven’t stopped even during the holidays,” said Vasiliadou, but she
More
A couple from Manchester at the centre of a five-year manhunt for allegedly swindling 1 mln pounds from the NHS were arrested in Cyprus late last month and extradited back to the U.K. after they strayed from their safe haven of the Turkish occupied north, dubbed by the British press as ‘Costa Del Crime’. According
More
Baker Tilly in Romania (Baker Tilly Klitou) celebrated its tenth anniversary with a special ceremony last month held at the Athenee Palace Hilton in Bucharest. Clients of Baker Tilly Klitou as well as associates and collaborators, together with the Baker Tilly team, were present during the numerous events organised throughout the day. Geoff Barnes, CEO
More
. Cyprus needs to continue implementing the MoU By George Theocharides The tragic events of last March have created many problems for the Cyprus economy, as we are all painfully experiencing. The austerity measures imposed by the MoU and the prolonged loss of confidence that the banking sector is suffering led to a huge deterioration
More
. How not to run a bank or banking industry By Petros Florides The Cyprus Central Bank must be commended for establishing the Independent Commission on the Future of the Cyprus Banking Sector. Chaired by Mr. David Lascelles, it has provided a refreshingly clear account of what went so horribly wrong with Cyprus’ banking sector.
More
. 5 reasons to redesign your corporate website By Alice Kotlyarenko PR & Communications, SAE Business Ltd – www.sae-business.com Like any other business today, your company has a website. As long as it works, you probably don’t see any need to invest in the development for a new website. But if you think Patek Philippe
More
The Financial Mirror This Week: 10 Years Ago Gloomy prospects for tourism, tax rises ahead Airlines said they would cut back on flights to Cyprus that would result in fewer tourist arrivals in 2004, while the gloomy prospects for the new year were made worse by news that the tax authorities were planning to back-date
More
The Financial Mirror This Week: 20 Years Ago Grumpy unions in the news, Russians being ripped-off As this newspaper’s first year came to a close, some of the news headlines seem to be very similar to what goes on today, with newly established Russian entrepreneurs being ripped off by service providers, while trade unions remained
More
. With just a few hours left before the new boards of semi-government organisations are expected to take over, we remain disappointed by the pace of events and the lackluster choice of names to head these bodies. The ruling DISY party thought it was being smart by washing its hands of any involvement in the
More