Eurozone business in services-led bounce in April
Overall business activity in the eurozone expanded at its fastest pace in nearly a year, driven by a buoyant recovery in the service industry.
service-industry
CySEC oversight on 50 companies , ‘unacceptable’
Bar Association chairman Michalis Vorkas criticized the plan to only oversee 50 of the biggest service-industry firms for compliance, arguing that company size should not be the sole criterion for scrutiny. This discussion took place at the House legal committee, following the announcement of a new oversight authority by Finance Minister Makis Keravnos. The Cyprus Securities and Exchange Commission is being considered to oversee these 50 companies. Vorkas also mentioned that the government had not invited relevant parties for dialogue, although a presentation is scheduled for March 22. Concerns were raised about the potential for this oversight to violate lawyer-client confidentiality, with Vorkas emphasizing the importance of privacy and established legal principles. The committee plans to invite representatives from various associations and finance ministry officials for further discussions.