Despite repeated warnings about the potential once-off nature of corporation tax receipts and the concentration risk of having so few firms paying the bulk of the money, Ireland continues to hit the business tax jackpot.Revenue from the tax swelled to a record €23.8 billion last year, almost six times the amount garnered in 2014. It … Read more
The Euro-dollar EURUSD currency pair is retracing recent gains, trading around 1.0870 on Tuesday, with markets awaiting the release of the leading consumer confidence data by the European Commission later in the day. Traders expect the data to indicate an economic downturn with an expected reading of -13.2 for July, in comparison with the previous … Read more
Corporate income tax remains one of Malta’s most significant sources of revenue at almost 15% of its total tax income, the EU’s latest taxation report for 2023 says. Malta ranked third in the EU, after Cyprus (18.1%) and Ireland (21.5%) where corporate income tax forms a significant proportion of its state revenues. Malta still has … Read more
French politicians need to listen to bond markets – and keep them on side – or face a potentially catastrophic ‘Liz Truss scenario’, the CEO of a leading independent financial advisory and fintech has warned. The stark warning from Nigel Green of deVere Group comes as the political chaos in France is driving the gap between French … Read more
The United Nations High Commissioner for Refugees (UNHCR) in an announcement expresses deep concern for the safety and well-being of approximately 31 asylum seekers, including seven children, who are trapped in the buffer zone (BZ) in Cyprus. It is noted that “Five of them entered the Pournara reception centre to apply for asylum after crossing … Read more
Bulgaria has a unique and rich cultural heritage and a growing tech industry. The country is known for its vibrant folklore traditions and the rapid development of its IT sector. Many entrepreneurs are attracted to Bulgaria and consider it a prime location for starting a business. However, there are specific factors to consider, such as … Read more
The illegal construction of a church in the Natura 2000 Network in Cape Greco, despite the reaction of relevant government departments, shows that the violation of environmental legislation is deeply rooted in corruption.
Fact: The Great Sea Interconnector project, a subsea electricity cable linking Cyprus to Greece, is estimated to save an average household consuming five megawatt-hours of electricity annually at least €400 a year.
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.
The Rectors and Presidents of the NEOLAiA European University Alliance have issued a joint statement emphasizing the significance of the upcoming European elections and calling on all students, faculty, and staff to participate.