A new China tax incentive aims to encourage companies to invest in digital and smart upgrades of special equipment. Companies upgrading certain equipment that aids environmental protection and safe production can enjoy a deduction of the investment at a rate of 10 percent from their corporate income tax payable. We explain the requirements of the … Read more
The Cyprus Chamber of Commerce & Industry (Keve) has completed the upgrade of its headquarters in Nicosia into a green building. The initiative aligns with the organization’s commitment to promoting sustainable practices among its members and contributing to a greener Cyprus.
Cyprus is leveraging AI and machine learning technologies to promote innovation within startups and established industries.
The Ministerial Council approved the second call for proposals of the grants scheme for the creation, modernization, and digital upgrade of processing or marketing units of agricultural products, as announced by the Minister of Energy, Commerce, and Industry, George Papanastasiou. This scheme is part of the Recovery and Resilience Plan for 2021-2026 and has a budget of €25 million. It aims to support existing and new small and medium-sized enterprises. Approximately €3 million saved from the first call will be used in this second call. Applications must be submitted through the electronic system of the Ministry of Energy, Commerce, and Industry. The scheme is also open to cooperatives and beekeepers.