Companies

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.

Trump’s $4 trillion of tax cuts loom over the election

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Trump’s $4 trillion of tax cuts loom over the election

The winner of November’s presidential election will face a challenge with the expiration of nearly trillion in tax cuts next year.

Ex-corporate lawyer to plead guilty to not paying federal taxes on $3.4 million of income

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Ex-corporate lawyer to plead guilty to not paying federal taxes on $3.4 million of income

Eric E. Lenzen, a former partner at a major Milwaukee law firm, is agreeing to plead guilty to failing to pay taxes on about .4 million of income he received in 2016 and 2017. He may be heading to federal prison, and prosecutors are recommending a sentence of no more than 16 months. Lenzen also agreed to pay nearly million in restitution for taxes owed from 2016 to 2021. His law license is currently suspended for failing to take continuing legal education classes.

MPs struggle to implement EU directive on loans

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MPs struggle to implement EU directive on loans

Fact: Legislators in Cyprus discussed government bills to harmonize current legislation on loan transfers with an EU directive on credit servicers and credit purchasers.

Will markets keep up gains this year?

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Will markets keep up gains this year?

The CEO of a financial advisory and fintech firm predicts that the US and European stock market rallies will continue despite the US central bank potentially not cutting rates until 2025. The expectation is based on strong earnings growth, especially in AI-focused companies, and positive economic forecasts from institutions like the IMF and Bloomberg. Additionally, signs of economic rebound in China and Europe are contributing to the optimistic outlook. The anticipation of interest rate cuts in response to a potential economic slowdown is also seen as a factor that could bolster equities. Savvy investors are advised to adopt strategic approaches to capitalize on the upward momentum while managing potential risks. April’s US consumer price index report is awaited, with traders hoping for no return to rate hikes by the Federal Reserve. Both narratives point to a likely continuation of stock market gains, with investors advised to top up their portfolios judiciously with guidance from financial advisors.

InvestCyprus at AIM Congress in Abu Dhabi

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InvestCyprus at AIM Congress in Abu Dhabi

Invest Cyprus participated in the Annual Investment Meeting 2024 in Abu Dhabi to promote Cyprus as an investment destination and gateway to the EU. The delegation, led by CEO Marios Tannousis, focused on attracting investments, creating job opportunities, and strengthening the Cypriot economy. They also visited Kuwait to discuss investment opportunities and challenges with high-profile officials.

La Petite Maison to mark second anniversary in style at Parklane

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La Petite Maison to mark second anniversary in style at Parklane

La Petite Maison (LPM) is celebrating its second-year anniversary at Parklane, a Luxury Collection Resort & Spa on May 25-26, 2024.

TV upfront presentations clouded by digital video ad supremacy

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TV upfront presentations clouded by digital video ad supremacy

Digital video advertising now surpasses spending on traditional television ads, with tech players like Amazon impacting media companies’ financial results. Ad companies are shifting their focus towards digital platforms like Netflix, TikTok, and YouTube TV, with digital video expected to reach .9 billion in U.S. ad spending by 2024. Traditional media companies are experiencing declines in television ad revenue, prompting them to develop new advertising tools to reach consumers across various platforms. Disney and Warner Bros Discovery are combining streaming services to compete with digital rivals like Amazon and Netflix, while media companies are partnering with tech giants like Google to sell more ads programmatically.

‘Choose France’ investment push bags record $16 billion in pledges

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‘Choose France’ investment push bags record $16 billion in pledges

France won a record 15 billion euros in foreign investment pledges, with Microsoft announcing a 4 billion euro investment in cloud and AI infrastructure. Other companies like Amazon, Pfizer, AstraZeneca, and Novartis also pledged investments in France. Macron’s administration has faced criticism over public finances but has focused on attracting foreign investments to create jobs and boost the economy.

Brainard Speaks on Upcoming Tax Debate

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Brainard Speaks on Upcoming Tax Debate

The text discusses the economic policies of the White House, highlighting the President’s plan to grow the economy from the middle out and bottom up. The President is committed to not raising taxes on anyone making less than 0,000 and will cut taxes further for workers and families, funded by asking corporations and the wealthy to contribute more.