. By Odysseas Michaelides Corruption is a devious plague that has a very wide range of corrosive effects on society. It undermines democracy, distorts policymaking and the rule of law, leading to human rights violations. It can also have severe economic consequences as it can cause damages to public finances, distort markets, generate problems in
More
Key trends and major drivers of the Cyprus real estate market are student housing, foreign investment in new builds and the emergence of Airbnb, according to a KPMG survey. On the basis of KPMG internet research, it appears that student accommodation has seen a strong growth over the last year, with an estimated 97% increase
More
. There was a time when banking involved a manager on one side of a desk and a client on the other. Banks opened late and closed early and, if you were a small or medium business, you had to tailor your hours to suit theirs. The prototype for the manager was Captain Mainwaring in
More
The Cyprus Students Union (POFEN) is concerned over the financial affects Brexit may have on thousands of Cypriot students currently studying in the UK. POFEN fears that Cypriot students may find themselves paying 30-40% more in tuition fees in the wake of the Brexit aftermath. In an announcement, POFEN notes that Cypriots and all other
More
By Hussein Sayed, Chief Market Strategist at FXTM After a positive start to the week, Asian equities fell Tuesday amid rising concerns over the global economic outlook. The market is currently being driven by the daily news feed. An example of this, is the caution observed over the latest revised growth estimates from the IMF.
More
Cyprus has one of the highest rates of government debt in the EU while registering the biggest annual and quarter-on-quarter increases in the bloc, according to Eurostat. Government debt in the euro area was down to 86.1% of GDP and 80.8% of GDP in the EU28 but Cyprus had fourth highest ratio of 110.9% (€22.643
More
Brussels will issue a warning against Cyprus, Malta and Bulgaria saying their citizenship for investment schemes could help foreign organised crime gangs infiltrate the bloc and increase the risk of money laundering, corruption and tax evasion. The warnings are included in a draft report, seen by Reuters, that is expected to be published on Wednesday
More
Environmental authorities have pulled the plug on plans to build a golf course in the resort town of Ayia Napa over habitat encroachment. The EUR 140 mln project includes an 18-hole golf course which was set to be built in areas designated as Natura 2000, the network of nature protection areas in the territory of
More
. By Vasia Kotlida The trend of short-term lettings is gaining more ground in 2019 in Cyprus and in the wider region (e.g. Israel, Greece). Last year there was a significant increase in the listing of accommodations on the Airbnb platform as well as on other rental platforms and the corresponding response from tourists
More
MPs along with the Cyprus Integrity Forum (CIF) have called for the adoption of legislation to encourage potential whistleblowers to come forward in the public interest in a war on corruption. While the European Union is looking at ways to promote transparency within the bloc by creating secure channels for citizens who wish to report
More