Europe

Three Turkish Cypriot candidates in upcoming EU elections

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Three Turkish Cypriot candidates in upcoming EU elections

The European Parliament elections in the Republic of Cyprus allow both Greek Cypriots and Turkish Cypriots to participate on a common ballot. Three Turkish Cypriots are running as candidates under Greek Cypriot political forces for the first time since Cyprus joined the EU in 2004. This development could impact party percentages and potentially determine the lead in the elections. The participation of Turkish Cypriots in the polls is seen as significant, as it signifies acceptance of seeking political representation within the Republic of Cyprus. The inclusion of Turkish Cypriot candidates in the elections may lead to greater participation by Turkish Cypriot voters and could influence the final outcome of the elections. AKEL, the Green Party, and Volt have included Turkish Cypriot candidates on their European election ballots, emphasizing shared principles, goals, and the importance of cooperation between Greek and Turkish Cypriots for the reunification of Cyprus.

UBS flags commercial real estate downturn as a top risk

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UBS flags commercial real estate downturn as a top risk

UBS flagged the downturn in commercial real estate markets as one of the top and emerging risks facing the Swiss bank, with higher borrowing costs and a post-pandemic slump in demand for office space affecting the sector.

Ideology should not determine choice of leader

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Ideology should not determine choice of leader

The European People’s Party (EPP) nominated Ursula von der Leyen for another term as European Commission President at their congress in Bucharest. Mario Draghi, former Italian Prime Minister and President of the European Central Bank, is considered the favorite for the position of Commission President based on his leadership during the world economic crisis and transformation of Italy.

House passes budgets for public entities including CyBC

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House passes budgets for public entities including CyBC

The House plenum passed the budgets of four public-law entities, including the Natural Gas Public Company (Defa) and the Cyprus Broadcasting Corporation (CyBC). Defa’s budget for 2024 includes €38.4 million in expenditures and €32.8 million in anticipated revenues. CyBC’s budget is €39.3 million, with €26.7 million allocated for payroll. The budgets needed to be approved in order for the organizations to resume normal payment procedures.

Poland says breakthrough on Ukrainian grain unlikely in Warsaw talks

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Poland says breakthrough on Ukrainian grain unlikely in Warsaw talks

The governments of Poland and Ukraine met in Warsaw for talks to defuse a row over grain imports that caused mass protests by farmers.

ANALYSIS-Pasta makers cheer Turkey as its durum wheat flows abroad

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ANALYSIS-Pasta makers cheer Turkey as its durum wheat flows abroad

Turkey has become a significant exporter of durum wheat, helping to fill a supply gap caused by drought in Canada. Turkish exports have kept durum prices stable and competitive, benefiting pasta producers and consumers. Turkey’s strong crop yields and competitive prices have made it a key player in the global durum market, with analysts predicting continued substantial exports in the coming years. The country’s role in supplying durum wheat may become even more crucial as Europe plans to use tariffs to limit grain imports from Russia.

Minister of agriculture highlights Cyprus’s vulnerability to climate change

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Minister of agriculture highlights Cyprus’s vulnerability to climate change

Cyprus is particularly vulnerable to the impacts of climate change, with rising temperatures, sea-level rise, and changes in weather patterns posing serious threats to the environment, economy, and society. The government is implementing measures to address climate change and improve resilience, including strengthening scientific research, developing national adaptation strategies, and raising public awareness. The Minister of Agriculture emphasized the importance of enhancing climate resilience of natural ecosystems, protecting biodiversity, and adopting sustainable water resource management practices. Community participation and empowerment are essential for the success of adaptation plans, with education and awareness being key pillars. The Minister highlighted the need for collective effort and determination to implement adaptation and mitigation measures for climate change to ensure sustainable and equitable development in the future.

Startup World Cup coming to Cyprus , — $1 million grand prize on the line

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Startup World Cup coming to Cyprus , — $1 million grand prize on the line

– The largest global pitch competition, Startup World Cup, is making its debut in Cyprus this year.
– The application phase for startups commences on March 25 and entries will be accepted until May 12.
– The winner of the regional cup will have the opportunity to compete in the San Francisco Grand Finale and potentially win an investment prize from Pegasus Tech Ventures.
– The Startup World Cup regional finals will take place in Cyprus, gathering over 100 startups from any domain and at any stage.
– Participating startups must have an entity and connection with Cyprus that can be verified.
– The application process includes filling in a registration form, describing the startup, attaching a pitch deck, waiting for results, and participating in an offline pitching contest with an independent jury.
– The final pitching and winner selection will take place on May 28 in Limassol during The Future of AI Summit.
– The World Cup winner will receive special prizes from partners and gain widespread coverage and celebration from global and local media partners.

Dividend Tax Rates in Europe

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Dividend Tax Rates in Europe

The text provides information about dividend tax rates in Europe for the year 2023. The fact described in the text is that Ireland has the highest top dividend tax rate in Europe at 51 percent, followed by Denmark and the UK.

EU to support establishment of asset management office in Cyprus

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EU to support establishment of asset management office in Cyprus

The EU will support a series of reform projects in Cyprus, including the establishment of an asset management office, the structural review of the Cypriot Presidency, and the improvement of the Cypriot deposit guarantee scheme.