Hellenic Bank appoints new chairman PUBLISHED ON 28/11/2017
Hellenic Bank has appointed Youssef A. Nasr, a Lebanese-born US citizen and former HSBC banker as chairman of its board of directors. His appointment is subject to approval by the Central Bank and will take effect once the Board position becomes available. The 63-year old Nasr was working at HSBC for 34 years, from 1976 […]
Cyprus Notional Interest Deduction PUBLISHED ON 25/11/2017
Cyprus Notional Tax Deduction (NID) is a deduction against taxable profit calculated by applying a “reference interest rate” to new equity injected into companies and used by companies for the performance of its activities under certain conditions and constraints. The notional tax deduction in Cyprus enables businesses to deleverage and realise a tax efficient return […]
RiseUp Summit 2017, Egypt PUBLISHED ON 21/11/2017
RiseUp: The MENA region’s largest innovation and entrepreneurship summit (1-3 December 2017) RiseUp is the MENA region’s largest innovation and start-up summit organized annually in Downtown Cairo, Egypt. This year the 3 days event will take place on 1-3 December and will focus on three main themes: creativity, capital and technology. This is the 5th […]
Cyprus’ economy continues booming in 2017: +3,8% PUBLISHED ON 20/11/2017
After an economic boom in 2016, hitting 2,9%, the economy of Cyprus continues its upwards trend, expanding by 3,8% in 2017. The highest growth was seen during the Q2 2017, where the annual growth hit 4%. While Q1 2017 showed a growth of 3,8%, expansion of Cyprus’ economy reached Q3 2017 was 3,9%. The figures […]