Themis Portfolio Management invites the public to seize unique investment opportunities in plots of land available through an electronic auction from 12 to 28 June 2024. On the eauctions platform, Themis offers 186 fields which include residential, agricultural and livestock parcels in various regions of Cyprus.Below we present some of the many available for online … Read more
The Cyprus Research and Innovation Foundation (RIF) announced a new funding initiative of €300,000 to strengthen innovation support structures, including incubators and accelerators for start-ups. The funding aims to develop local innovation support structures to provide high-quality services to start-ups, crucial for market penetration, income generation, and attracting private investment. The maximum funding available is €10,000 per start-up and up to €100,000 per support structure. Interested parties can find more information and submit proposals through the IRIS portal by June 26, 2024. The initiative is supported by the NextGenerationEU Recovery and Resilience Facility and the Cyprus Recovery and Resilience Plan. Contact the Foundation’s Partner Service Centre for more information.
The text discusses the debate surrounding company tax cuts in Australia, with Industry Minister Ed Husic suggesting that corporate tax reform or investment allowances for manufacturing capital should be considered. However, the text highlights that recent data shows a rise in investment in Australia, particularly in data centres, infrastructure, and energy, driven by the services sector. This surge in investment contradicts the narrative that company tax cuts are necessary to encourage business investment.
Fact: Construction of two new desalination plants in Limassol and Famagusta is under review due to prevailing drought conditions and water shortage fears.
President Biden is proposing a tax hike on savings, including a 45% tax on capital gains, which would negatively impact retirement savings for millions of Americans. Biden’s proposed tax increases on investment are driven by the government’s addiction to spending, with a proposed federal budget of .3 trillion and .9 trillion in future tax hikes. These taxes will result in lower spending and reduced savings for families, affecting their ability to save for retirement. Biden’s policies are seen as detrimental to individuals and the economy, as they will hinder investment and economic growth.
GameStop Corp. shares more than doubled after a Reddit account posted a 6 million position in the game retailer, driving up the stock price.
FTI, a German tourism company, has filed for bankruptcy after failed negotiations with the government. The bankruptcy affects 11,000 employees and many travelers who have booked trips. The company had been struggling even before the pandemic and had received financial support from the government and other sources. Efforts are being made to ensure that current vacations can be completed and refunds will be handled by the Travel Insurance Fund.
Fact: Russia’s Finance Ministry has submitted legislation to reintroduce progressive taxes on personal income, with the progressive scale starting with annual incomes exceeding 2.4 million rubles (,100).
– Treasury secretary Steven Kennedy defended Australia’s company tax rate as appropriate and supportive of a sustainable federal budget.
– Australia’s tax system is not considered uncompetitive compared to global standards.
– Large companies in Australia are subject to a federal tax rate of 30%, while small or medium businesses face a 25% rate.
– The limited supply of new dwellings is making houses unaffordable for households.
– The pandemic has contributed to sluggish construction in the housing market.
– Supply chain bottlenecks and inflated costs of materials and financing are compounding existing structural issues in the housing market.
Investing in precious metals like gold, silver, and platinum can be a smart way to protect your money.