Palta: pioneering ethical health tech with global impact from Cyprus
Fact: Palta is a London and Cyprus-based health and well-being technology company led by co-founder and CEO Yuri Gurski.
efficiency
Cyprus can become a leader in sustainability , – but we can’t afford to be complacent about climate change
Marios Tannousis is the CEO of Invest Cyprus, focusing on attracting and facilitating Foreign Direct Investment (FDI) in Cyprus. Cyprus has committed to spending €500 million by 2026 to combat climate change and foster the green transition. Cyprus aims to become the best place in Europe to live, work, and do business by transitioning towards a renewable energy system and implementing Environmental, Social, and Governance (ESG) criteria. The country is strategically positioned to help combat climate change in the Middle East and North Africa regions. Cyprus is working towards becoming a leader in sustainability and developing a circular zero-waste economy.
BBF pioneering sustainable real estate development and innovation
BBF is a leading real estate and development company in Cyprus, with over 145 developments at various stages of design and development.
Demetris Skourides: Chief Scientist for Research, Innovation and Technology
Cyprus is leveraging AI and machine learning technologies to promote innovation within startups and established industries.
The Coming Tax Debate – AAF
The fate of the 2017 Tax Cuts and Jobs Act (TCJA) is a key fiscal decision as most of its provisions expire in 2025. The TCJA focused on corporate taxation, including cutting the corporate tax rate to 21 percent and moving to a territorial system. It also allowed full expensing for investment and research and development, and limited deductibility of interest costs. The TCJA successfully removed tax-based distortions in the corporate sector and led to an increase in investment. Various tax plans propose different corporate tax rates, with Democratic plans suggesting 28 percent, Republican plans keeping it at 21 percent, and a centrist plan proposing 25 percent. All plans aim to make permanent the expensing provisions and suggest additional base broadening if more revenue is needed.
Neocleous Tower: A paradigm of sustainable and innovative workspace in Limassol
The Neocleous Tower in Limassol is a sustainable office building that has attained LEED certification, making it the first commercial building in Cyprus to do so.
Minister sets sights on boosting agriculture, ’s share in Cypriot GDP
Fact: Agriculture Minister Maria Panayiotou stated that the ministry’s goal is to increase the sector’s contribution to the country’s GDP, enhance sustainability, and promote Cypriot products in new markets.
Bank of Cyprus: maintaining a leading role in the environmental, social and governance pillars
Bank of Cyprus is focusing its efforts on fighting climate change, which is the biggest challenge that humanity faces.
Delays in legal procedures
The legal system in Cyprus is facing significant difficulties, with long delays in court cases and a lack of efficiency. This has led to a situation where international agreements refer to arbitration or foreign law courts, such as in the U.K. Due to delays and inefficiencies, justice is breaking down, with people not bothering to pursue their rights. There are also reports of “bouncers” taking the place of police and acting as judges in resolving disputes. The use of court officers to serve writs is also problematic, with some officers not fulfilling their duties. Efforts are being made to address these issues, including the introduction of arbitrators, but it will take time for these measures to be effective.
PRESSR: MBRIF backed startup Finanshels.com launches breakthrough AI WhatsApp service for hassle-free corporate tax registration in UAE
Finanshels.com has introduced an AI WhatsApp bot that revolutionizes corporate tax registration in the UAE. The bot simplifies the process to a 4-document upload completed in under 5 minutes, reducing the time and financial investment compared to the current method. This service aims to democratize tax registration for small and medium business owners in the region, making it more efficient, transparent, and cost-effective. The introduction of this AI bot represents a shift towards technology-driven solutions in the UAE’s commercial sector, contributing to a more efficient business environment and aligning with the UAE’s Vision 2030 goals.