alex

Διαβάστε εδώ την Ελληνική έκδοση > Performance-Based Pay System in the Banking Sector By Dr. George Theocharides In recent period we have experienced a fallout between the main banks (BoC, Hellenic Bank) and the union of bank employees (ΕΤΥΚ) that resulted in strikes. There were a number of reasons for this fallout but certainly a major reason/obstacle is the demand by the banks to enforce a performance-based pay system. So, why such an insistence by the banks? Is it really needed now or can the banks wait for its implementation? Who will benefit from such a system? I will attempt to [...]

Should Corporate Tax be Raised or Not? By Dr. George Theocharides Corporate tax, and in general the "benevolent" tax regime of Cyprus, has been one of our comparative advantages as a country for several decades. Because of this system an important sector of the economy, that of services, was created which for several years has helped to create thousands of jobs but also contributed a lot towards the country's Gross Domestic Product (GDP). A suggestion was put forward by the government recently to raise the corporate tax rate, but due of the fear of destabilization, both the organized social groups and [...]