PwC has warned that any further increase in taxes would cause a decline in reinvestment by firms operating in Nigeria and exacerbate corporate exits from the country. This warning is contained in its June 2024 report titled: “Nigeria Economic Outlook: Navigating Economic Reforms,” which projected that inflation would decline to 29.5 per cent by the … Read more
Possible disciplinary offences by state officials have been recorded in the investigation into illegal intervention in the Akamas, Agriculture Minister Maria Panayiotou said on Wednesday.An investigative officer is expected to be appointed to examine the potential offences. Speaking after the cabinet meeting at the presidential palace, Panayiotou told the press she briefed the ministers on … Read more
The OECD is developing ways to increase taxes on international businesses, cross-border investment and global levies on wealth and energy generation. Mathias Cormann, former finance minister of Australia, is the sixth secretary-general of the OECD, in office since June 2021, appointed by the member governments for a five-year term. On his watch, the organization continues its … Read more
Published at 10 Jun 2024 According to estimates, cuts proposed by the Trump camp could increase US national debt by USD 1 trillion… According to estimates, cuts proposed by the Trump camp could increase US national debt by USD 1 trillion. As election fever in the US grows increasingly frantic with November’s crucial poll looming … Read more
USDJPY spiked higher by over half a percent just after the release of US nonfarm payrolls (NFP) data, on Friday. USDJPY traded in the upper 156s after the US Dollar strengthened as a result of the better-than-expected results. Nonfarm payrolls showed the number of employed people in the US rose by 272,000 in May, when … Read more
USDJPY bulls are further encouraged by a weakening Japanese Yen following data that shows real wages declining for the 25th straight month in April, as domestic inflation in Japan continues to outpace wage growth. The data will make it harder for the Bank of Japan to normalise policy, as it hopes to lift the bank’s … Read more
A 74-year-old man was arrested by police on suspicion of causing a fire in Farmakas that burned 15 hectares of trees and dry brush, requiring the intervention of four helicopters, a plane, and 21 fire trucks to extinguish.
The fact described in the text is that every time Cyprus faced isolated attempts for recognition of the illegal entity in the occupied part of Cyprus, the country always turned to the United States government for help, and the US always responded positively to avert the danger.
The LNG import project at Vasilikos in Cyprus has faced recurring problems and delays. The project, which aims to switch power generation from oil to natural gas, could reduce electricity prices by one-third, resulting in annual cost savings close to €300-€400 million. The project has faced issues due to a badly conducted tender, unclear terms of reference, and a contractor with no experience in such projects. The current contractor, CPP, has claimed additional costs and the project is not progressing as expected. The government is considering various options to complete the project, including finding a way to move forward with the present contractor, seeking independent expert advice, and exploring alternative plans if necessary.
Education Minister Athena Michaelidou reiterated the government’s commitment to enhancing both the structural and pedagogical functions of schools to meet contemporary educational requirements and support the development of knowledge, skills, principles, attitudes, and values. The refurbishment works completed at Palouriotissa Primary School A significantly boost its functionality and effectiveness, with funds obtained from the Recovery and Resilience Plan funding. The goal is to ensure uninterrupted access to learning in functional and suitable spaces, creating a modern, human-centered, inclusive school environment. Key achievements during the first year of the Christodoulides administration include updating curricula, expanding the all-day school program, transitioning from special to unified education, and introducing measures for the prevention and intervention in issues of violence and delinquency.