BoCCF podcast episode on South Mathiatis-Strongylou Mine
Fact: The South Mathiatis-Strongylou Mine in Cyprus is the only mine in the country that has been a UNESCO candidate in the natural and cultural landscape category since 2002.
Companies
HSH Prince Albert II of Monaco visits Epic Cyprus HQ
Fact: HSH Prince Albert II of Monaco toured Epic’s Nicosia headquarters on April 18, 2024, accompanied by the management team of Monaco Telecom.
India income tax collection up 17.7pc in 2023-24 to nearly $235bn
Fact: India’s income tax collection increased by 17.7% in the 2023-24 financial year, reaching nearly 5 billion.
Former Cyprus Airways CEO joins UK travel-tech firm
Former Cyprus Airways CEO Paul Sies has joined travel-tech company Journey Mentor as president and chief executive officer.
Young people purchasing an apartment is nowadays a utopia
The real estate market in Cyprus has seen rapid growth due to the arrival of foreign companies, making it difficult for Cypriots to find affordable housing. High rent and property prices, combined with low average salaries, pose a significant challenge for young couples and individuals from middle or low-income groups. The need for substantial deposits and strict bank requirements further limit access to housing loans. Efforts are being made to address these issues, including potential changes in the terms and conditions of social housing programs to help more people acquire housing.
UK fintechs ask government for help to ease capital shortages
Leaders of the UK’s financial technology industry are urging the British government to increase tax relief and help them raise more investment, as some executives warn a shortage of domestic investors is holding back the sector.
Deputy AG calls for investigation into auditor general
Fact: Deputy attorney-general Savvas Angelides called for an independent investigation into auditor-general Odysseas Michaelides.
Minnesota Legislature Weighs Corporations’ Role in State’s Economy
The Minnesota Legislature is considering several bills targeting corporations, including proposals to require large corporations to disclose their state income tax filings and to cap the number of single-family rental units a company can own. Rep. Esther Agbaje is pushing a bill that would cap the number of single-family homes one business entity can own, primarily corporations. Governor Tim Walz has stated that he is not interested in raising or cutting corporate taxes, but rather maintaining a proper balance. Minnesota has the highest corporate tax rate among the states, but the effective tax rate is lower due to deductions. Several bills are moving in the Legislature aimed at regulating corporations, including those related to single-family home ownership, tax transparency, hospital salaries, debt collection, corporate tax studies, health care acquisitions, and employee classification. Critics argue that the bills and underlying philosophy behind them are anti-business.
Fashion, ’s colossal power to influence
Fashion needs stronger storytelling that is more inclusive, relevant, and responsible.
Tesla, ’s Elon Musk postpones India trip
Elon Musk postponed his planned trip to India to meet Prime Minister Narendra Modi due to obligations at Tesla, aiming to reschedule later in the year.