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Navigating Complexity in India’s Evolving Taxation Landscape
India’s taxation system has seen remarkable advancements over the years, evolving in tandem with the country’s economic growth. However,...
Jan 14, 20254 min read


Cyprus Aims to Resolve Schengen Membership Technical Issues by Year-End
Cyprus is set to resolve all remaining technical issues necessary to join the Schengen free-travel zone by the end of this year,...
Jan 13, 20252 min read


OPEC Oil Output Dips in December Amid UAE Maintenance and Iranian Decline
OPEC's oil production fell in December after two consecutive months of increases, according to a Reuters survey released on Tuesday. The...
Jan 10, 20252 min read


Central Bank of Cyprus Reports Decline in Deposit and Lending Rates, Surge in Large Corporate Loans
The Central Bank of Cyprus (CBC) announced on Tuesday a decrease in most deposit and lending rates for November, with the notable...
Jan 8, 20252 min read


Digital Banking Revolutionizes Cyprus’ Financial Sector
The financial landscape in Cyprus is undergoing a profound transformation as digital banking technologies, collaborations with fintech...
Dec 18, 20243 min read


Bitcoin Surges Past $105,000 as Trump Promises Crypto-Friendly Policies
Bitcoin's remarkable ascent continued today, with the cryptocurrency's price surging more than 3% during Asian trading hours, surpassing...
Dec 16, 20242 min read


Cyprus Banks Prepared to Adjust Interest Rates Following ECB’s December Meeting
The Association of Cyprus Banks announced on Tuesday that it is ready to immediately adjust interest rates tied to the European Central...
Dec 11, 20242 min read


Cypriot Economy Achieves ‘A’ Grade Upgrade by Fitch Ratings
The Cypriot economy has been upgraded to grade "A" by Fitch Ratings, a milestone celebrated by President Nikos Christodoulides as a...
Dec 9, 20241 min read


Bitcoin Breaks $100,000 Barrier Following Trump's SEC Pick Announcement
In an unprecedented milestone, Bitcoin, the world's leading cryptocurrency by market capitalization, surged past the $100,000 mark in...
Dec 5, 20241 min read


Cyprus Strengthens Foreign Investment Opportunities with Successful Saudi Arabia Mission
Invest Cyprus announced on Wednesday that it successfully concluded a mission to Saudi Arabia, marking a significant step in bolstering...
Dec 5, 20242 min read


Cyprus Maintains Economic Stability but Faces Sectoral Risks, EU Report Highlights
The 17th post-programme surveillance mission by European authorities has affirmed Cyprus’ economic and financial stability while drawing...
Nov 28, 20243 min read


Australia Approves OECD’s Pillar Two Minimum Corporate Tax Rate
In a landmark decision, Australia’s Senate has passed three critical bills with amendments to implement the OECD’s global minimum...
Nov 28, 20242 min read


The Role of Artificial Intelligence in the Post-Pandemic Global Economy
In the wake of the pandemic, the global economy is grappling with sluggish growth, persistent inflation, slow progress on sustainability,...
Nov 27, 20243 min read


Cyprus and Greece Launch €2 Million Joint Funding Initiative for Research and Innovation
Cyprus and Greece have unveiled a joint funding initiative worth €2 million aimed at bolstering collaboration in the fields of research,...
Nov 26, 20241 min read


Moody's Upgrades Cyprus to Investment Grade After 13 Years, Reflecting Strong Economic Improvement
After 13 years, Cyprus has regained investment grade status, with Moody's upgrading its credit rating to A3 from Baa2, accompanied by a...
Nov 25, 20242 min read


IMF Urges Malta to Expedite Implementation of Global Minimum Tax
The International Monetary Fund (IMF) has recommended that Malta accelerate its adoption of the OECD’s global minimum tax on...
Nov 22, 20242 min read


Laiki Bank Completes Full Divestment from Bank of Cyprus
The Bank of Cyprus announced on Wednesday that Cyprus Popular Bank (Laiki) Public Co Ltd, which has been in liquidation, has officially...
Nov 21, 20242 min read


Bank of Cyprus Repurchases Shares and Vanguard Wellington Fund Increases Stake
The Bank of Cyprus announced on Tuesday that it has repurchased 50,000 of its ordinary shares, each with a nominal value of €0.10. The...
Nov 20, 20241 min read


Cyprus Emerges as a Hub for Investment Funds, Managing €9 Billion in Just Ten Years
"Cyprus has gone from zero to over 330 licensed investment entities managing €9 billion in assets in just a decade," according to Maria...
Nov 13, 20242 min read


Hellenic Bank Reports €284 Million Profit in First Nine Months of 2024 Amid Strong Growth and Strategic Expansion
Hellenic Bank announced a post-tax profit of €284 million for the first nine months of 2024, a 28% increase over the same period last...
Nov 8, 20243 min read
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