quality of life

Inside Cyprus, ’ gaming boom — interview with Ilya Karpinskiy

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Inside Cyprus, ’ gaming boom — interview with Ilya Karpinskiy

Ilya Karpinskiy is a seasoned veteran in the gaming industry, involved in various companies and ventures. Cyprus has become a popular location for video game developers from Eastern Europe due to its favorable environment and government support. Cyprus is also seen as a significant location for venture investments, offering a unique legal framework. Owlcat Games, founded by Ilya, focuses on developing premium PC console RPG titles. The Games Fund, co-founded by Ilya, supports portfolio companies by prioritizing founders’ vision and expertise. Free-to-play games and premium titles present different challenges and opportunities in the gaming industry. The Games Fund aims to become the number one gaming VC, fostering innovation and talent in the gaming industry globally.

Pa. Senate approves GOP’s $3B tax-cutting plan

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Pa. Senate approves GOP's $3B tax-cutting plan

Republican lawmakers advanced legislation for a billion tax cut in response to Democratic Gov. Josh Shapiro’s budget plan. The tax legislation passed the Republican-controlled Senate and is intended to be the largest tax cut in the state’s history. Democrats opposed the bill, which aims to cut taxes by billion, while Shapiro’s budget proposal includes a billion increase in spending.

EU health commissioner urges end to HIV stigma

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EU health commissioner urges end to HIV stigma

Fact: European Commissioner for Health and Food Safety Stella Kyriakides emphasized the need to break the stigma associated with HIV-positive individuals and their families across the EU during a visit to the Gregorios Pulmonology Clinic in Larnaca.

Ensuring all companies pay the right amount of corporation tax

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Ensuring all companies pay the right amount of corporation tax

Pillar Two requirements for multinational organizations with consolidated annual earnings over €750 million will enforce a global minimum tax of 15 per cent, regardless of location, to prevent the use of tax havens. The global corporate tax gap is estimated to be around £75-200 billion per year. Research shows that 47% of the UK adult population would be less likely to engage with companies minimizing their corporation tax payments. Older age groups are more likely to switch brands if they are made aware of unethical behavior related to tax planning. Better communication is needed to emphasize the negative impact of corporate tax planning on public services and social inequality. Collectively buying into a fairer society is crucial to influencing corporate behavior.

EU health commissioner urges equal treatment for HIV patients

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EU health commissioner urges equal treatment for HIV patients

Stella Kyriakidou, the Commissioner for Health and Food Safety, expressed the need to break prejudice and stigma surrounding HIV-positive individuals and their families at a pan-European level. She visited the Gregorio Pneumonological Clinic at Larnaca General Hospital and emphasized the importance of providing access to services and job market opportunities for HIV-positive individuals. Kyriakidou also highlighted the importance of daily information and awareness to address prejudice and stigma towards HIV-positive individuals.

Canada hikes taxes and regulation as the neighboring U.S. economy booms

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Canada hikes taxes and regulation as the neighboring U.S. economy booms

The text discusses the concept of tall poppy syndrome, which refers to tearing down successful individuals or ventures. It also mentions Canada’s widening productivity gap, with Canadian workers producing 71% of the GDP per hour produced by U.S. peers in 2022. Additionally, the government of Prime Minister Justin Trudeau recently announced an increase in capital gains taxes.

Major developments underway in Cyprus

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Major developments underway in Cyprus

Cyprus is experiencing a significant development boom with billions of euros being invested in various projects, including infrastructure improvements, new marinas, hotels, medical centers, university buildings, golf courses, schools, and residential properties. These projects are expected to bring multiple benefits to the country, transforming its landscape and contributing to economic growth. Major investments include golf resorts like Limassol Hills and Eagle Pine, as well as marinas such as Larnaca Marina and the upcoming Paralimni Marina. Education-related developments are also underway, and road infrastructure projects across the island are crucial for improving residents’ quality of life.

Panayiotou lauds Cyprus, ’ agricultural, environmental achievements after joining EU

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Panayiotou lauds Cyprus, ’ agricultural, environmental achievements after joining EU

Fact: Agriculture Minister Maria Panayiotou praised Cyprus’ agricultural environmental policies on the 20th anniversary of the country’s accession to the EU.

President says government will continue to stand by workers

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President says government will continue to stand by workers

President Nikos Christodoulides assured workers that the government will continue to stand by them in every fair demand.

OPAP calls Cyprus to take part in , ‘Wings for Life’ charity run

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OPAP calls Cyprus to take part in , ‘Wings for Life’ charity run

On May 5, 2024, Cyprus will participate in the “Wings for Life World Run” event to support research for a spinal cord injury cure. The event will take place simultaneously in multiple countries around the world. OPAP Cyprus is supporting the event and encourages people to sign up and participate virtually through the “Wings for Life” application. The event has raised €44.1 million to date and has had over one million participants from 195 countries.