The establishment of an oil terminal in Cyprus has boosted international confidence in foreign investments and commercial activities in the country which is at the centre of developments and can now become a regional energy hub for Europe, Asia and Africa, according to VTT Vasiliko general manager George Papanastasiou. Speaking at an event celebrating
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Cyprus had only 8,100 Information and Communication Technology (ICT) experts in 2015, up from 7,900 in 2010, but this rate remains one of the lowest in the EU, as it represents only 2.2% of total employment. According to Eurostat, in Cyprus 82.9% of ICT professionals are men and in total 71.2% of them had
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The Institute of Certified Public Accountants of Cyprus (ICPAC) and the International Compliance Association (ICA) have signed a protocol of cooperation in order to promote the common endeavour of enhancing the professionalism of the compliance officers. ICA and ICPAC seek with this agreement to establish an educational and research partnership, as well as to agree
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Pierre Moscovici, Commissioner for Economic and Financial Affairs, Taxation and Customs, and Valdis Dombrovskis, Commissioner for the Euro and Social Dialogue and Vice-President of the European Commission, have written to Finance Minister Harris Georgiades asking him to explain the medium term objective of a balanced budget in structural terms in 2017. “A preliminary assessment
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Bank of Cyprus, the island’s biggest lender twice rescued by investors and shareholders alike, is close to fully repaying the EUR 1 bln it still owes European authorities, but has yet to decide when (or even if) it will seek a listing on the London Stock Exchange. The bank has already established an Irish
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. Despite all the good intentions of the Undersecretary to the President responsible to reform the government machine, the pace of the civil service reform is too slow, causing further frustration to companies and interest groups who want to promote Cyprus as a business centre. Civil servants are now resorting to hiding behind the
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. By Antonis Loizou F.R.I.C.S. – Antonis Loizou & Associates Ltd – Real Estate & Project Managers There is a worldwide effort to clamp down on tax evasion. In my view the issue can be addressed to some extent if the consumer paying a bill has a benefit by submitting any documentary evidence to the
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Reform of the national pension system is high on the government’s agenda as the low birth rate combined with the increase in life expectancy are expected to affect the public finances and the Social Insurance Fund, according to a Cyprus News Agency report. In a statement at a conference organised by the Employers and
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President Nicos Anastasiades and Ireland’s Prime Minister Enda Kenny have agreed to set up a working group to study the consequences of Britain’s vote to leave the EU. The talks in Dublin, where Anastasiades was on an official visit on Tuesday, dealt the latest developments on the Cyprus problem, bilateral relations and regional issues,
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* Lebanon trade at €60 mln and rising * Georges Chehwane, President of the Lebanese-Cypriot Business Council and Chairman of Plus Properties GC Ltd., expressed the need to expand and boost the trade in energy, services and tourism sectors between Cyprus and the Arab world. During a session held within the framework of BestInvest
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