Articles in English
For several last years, society at large faced various challenges, like the COVID-19 pandemic, the situation in Ukraine, elevating inflation, etc. But all these episodes are subordinated to the global fundamental trend of the digital transformation of society. New innovative technologies continue to come into our life as a result of the ongoing developments of technologies, no matter whether COVID-19 happened or not. The encountered challenges may just speed up or slow down this digitalization process, but they cannot stop…
The article provides detailed statistics on changes in gas prices in Cyprus since the spring of 2022. International conflicts and global fossil fuel shortages have led to significant fluctuations in gas and gasoline prices in the EU. But how much did the price increase in the end?   Gas prices for transport Gas prices for transport in Cyprus unanimously rocketed during the summer months of 2022, peaking on July 19th with Unleaded 95 at 1.828€/L, Unleaded 98 at 1.888€/L, and…
The year 2022, like no other, is rich in turmoil and long-term turbulence in the world crypto market. Despite this, the state of the markets of individual countries is assessed not by the number of scandals, but by taking into account the complex criteria of introduction and regulation of cryptocurrencies in the national economy. In early November, the EUBlockchain Research Center presented a report that assesses the development of the blockchain industry in the European Union. According to the EUBlockchain…
If you are still waiting for the time when Artificial Intelligence (AI) comes into your life, you have missed that day. What is AI and how it can be spotted around? AI is a set of technologies that allow computers to perform advanced functions: to see the environment, understand language, analyse data, make recommendations, and more. Examples of AI applications include self-driving cars, robots, automated financial investing, and marketing chatbots. Google Search is also a form of AI. AI can…
The last event of the BEST INVEST Congress was dedicated to problems and mistakes of foreigners who relocate to Cyprus with investment or working purposes. In the seminar format, the following subjects were discussed: Bank accounts and international transactions: theory and practice; Conflict of the immigration status and source of income; Declaration of investment and business income and payment of taxes in Cyprus and the country of origin; Entrepreneurship without violating Cyprus and international laws; Favorable tax scenarios. The content…
This working meeting brought together business leaders who aim to develop business cooperation between Cyprus and MENA countries. Together with experts, the participants discussed the prospects for strengthening existing ties and creating new ones, as well as an opportunity to create a permanent operating platform for new acquaintances and joint projects discussions. Panelists: Abdelaziz Ghellal, Director, Galleon Shipping, Algeria. Representative of the African Union, which unites 55 African countries; Odysseas Melikides, CEO, M. Target Group, an active participant in the…
The last few years the island has been making significant strides in its quest to becoming a source of internationally relevant, disruptive, scalable innovation. The evidence shows an upwards trend in fundable» innovation and the momentum within the ecosystem is pointing toward specific areas of potential interest. It will attract more private, institutional and corporate venture capital. This also changes the role and the range of activities of investment funds in Cyprus. Philip Ammerman moderated this session with three seasoned…

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