investment

‘Cyprus is a reliable business centre’

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‘Cyprus is a reliable business centre’

– Cyprus is considered a reliable business center by Commerce Minister George Papanastasiou.
– The Eastern Mediterranean region can play a role in ensuring Europe’s energy security.
– The Great Sea Interconnector project aims to connect the electricity systems of Cyprus, Greece, and Israel to aid Europe in becoming independent of Russian gas.
– Greek Energy Minister Theodoros Skylakakis warned the Cypriot government about missing deadlines for the interconnector project.
– The Cypriot government is still in the phase of discussing conditions and waiting for Greece’s transmission system operator Admie to submit a cost-benefit analysis of the project.

INSIGHT-As solar capacity grows, some of America’s most productive farmland is at risk

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INSIGHT-As solar capacity grows, some of America’s most productive farmland is at risk

Dave Duttlinger leased 445 acres of his Indiana farm to Dunns Bridge Solar LLC for a solar development project, despite concerns about damage to his land. The solar panels were installed on some of the most productive cropland classified by the USDA, impacting future crop potential. Solar energy firms argue that the industry’s use of farmland is minimal compared to the need for renewable energy to combat climate change. Indiana farmer Norm Welker found leasing his land for a solar project more profitable than growing corn due to low prices.

Tesla, ’s plan for affordable cars takes page from Detroit rivals

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Tesla, ’s plan for affordable cars takes page from Detroit rivals

Elon Musk’s new plan for Tesla involves using current product lines to create more affordable vehicles, similar to the strategy of traditional automakers like Ford and General Motors. This shift in strategy led to the shelving of plans for a new ,000 model and a focus on producing “more affordable” models using existing platforms. Some analysts expect Tesla to offer stripped-down versions of the Model 3 and Y at lower costs. The change in strategy has sparked a stock rise and drawn praise from investors, but also raised concerns about execution risk and the impact on Tesla’s valuation as it shifts towards being seen more as an automaker than a tech company.

Legislation round-up: taxes, housing, employment … and more – NH Business Review

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Legislation round-up: taxes, housing, employment ... and more - NH Business Review

Fact: The second legislative session in New Hampshire is tackling many business-related proposals on the House and Senate floors.

Cyprus residents, ’ bank deposits rise by €318.5 million

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Cyprus residents, ’ bank deposits rise by €318.5 million

The Central Bank of Cyprus reported an increase in both loans and total deposits within the Cypriot banking system for March 2024. The liquidity exceeded €27 billion, with total deposits seeing a net increase of €252.1 million. Cyprus residents’ deposits increased by €318.5 million, while total loans recorded a net increase of €133.1 million. The balance of total deposits in March of that year stood at €52.2 billion, and the balance of total loans reached €25.1 billion.

Hundreds of Turkish Cypriots protest against , ‘govt’

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Hundreds of Turkish Cypriots protest against , ‘govt’

Fact: Hundreds of Turkish Cypriots took to the streets to protest against the north’s ‘government’.

Cyprus sees Surge in deposits and loans in March

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Cyprus sees Surge in deposits and loans in March

In March 2024, total deposits in Cyprus increased by €252.1 million, with a total balance of €52.2 billion. Total loans also increased by €133.1 million, reaching a balance of €25.1 billion. Deposits from residents of Cyprus rose by €318.5 million, while loans to Cypriot residents increased by €134.0 million.

Andrey & Julia Dashin Foundation marks impactful first decade

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Andrey & Julia Dashin Foundation marks impactful first decade

The Andrey and Julia Dashin Foundation celebrated its 10th anniversary on April 24, 2024, with a milestone event in Nicosia. The Foundation has made significant contributions to the Cyprus community over the past decade, focusing on areas such as education, healthcare, culture, and environmental protection. The Foundation’s co-founders, Julia and Andrey Dashin, emphasized the importance of collective efforts in creating positive change and fostering inclusive and supportive environments. Former first lady Andri Anastasiades also attended the event and thanked the Foundation for its support in achieving the goals of the Independent Social Support Agency. The Foundation’s head, Nataliya Ryaba, highlighted the legacy of compassion and impactful change that has been achieved through the Foundation’s work.

Vietnam’s Corporate Incentives to Offset Minimum Tax Too Limited

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Vietnam’s Corporate Incentives to Offset Minimum Tax Too Limited

Business groups in Vietnam are criticizing the government’s financial support plan to mitigate the effects of the global minimum tax on multinationals, calling it vague and limited to large projects. The plan includes direct cash support for investment costs, social infrastructure systems, training and development, and production of high-tech products. However, the definition of “high-tech” under the new law is unclear.

Larnaca mayor criticizes Kition over new marina fees

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Larnaca mayor criticizes Kition over new marina fees

Kition Ocean Marina plans to introduce new fees for coastal boat operators at Larnaca Marina, angering Mayor Andreas Vyras. The mayor expressed disappointment, stating that no fee increases should be implemented, especially as major projects are uncertain. The contracting company has notified boat operators of a €100 monthly rent for kiosks, with a deadline to settle debts by April 30 or risk kiosk removal. The mayor plans to meet with the Boat Operators Association and propose an alternative space for them provided by the Municipality.