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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 also write texts. The following text about Cyprus was written by Artificial intelligence, not a human. The text is provided [...]

As someone with a keen interest in the business management science, I always keep an eye on the evolving decision-making strategies. Management education is dedicated to the purpose of improving real life management decisions, applying the principles of management science to the current business challenges. Modern organizations compete in an increasingly uncertain and complicated business environment. Of the many challenges today, in the post-covid world, two trends stand out as fundamentally powerful and progressively interlinked: green transition and digital transformation. What do these compelling trends mean for companies? In summary, organisations that want to stay ahead of competition, take advantage [...]

By Olga Kandinskaia As Director of the CIIM MSc Business Management programme, I run every year an elective course called Corporate Live Case Project as part of our ‘Learning by Doing’ teaching philosophy. Even before the Covid-19 global pandemic, the rise in experiential learning has been a significant trend at the leading business schools worldwide. Prominent educators such as Dr Johan Roos, the Chief Strategy Officer at Hult International Business School, previously President of Copenhagen Business School and Dean of the Stockholm School of Economics, spoke passionately about the need of transformation in today’s business education: “We need to merge [...]

In 2021 the European Commission defined the digital transformation of the economy and society as a strategic priority for the EU development by 2030. Europe aims to empower businesses and improve the quality of people’s life by implementing new innovative technologies. The process of the digital transformation is coordinated at the EU level and mainly performed at the country level. The progress is monitored by means of the Digital Economy and Society Index (DESI). Cyprus ranked 21st among 27 EU Member States in the 2021 DESI. The country improved its performance in comparison with the 24th DESI rank last year. But [...]

Many people feel their lives have been on pause since the COVID-19 pandemic began. Meanwhile, the world is fast moving forward. The speed of changes and the nature of the challenges are sometimes difficult to grasp. We are moving faster and faster from the Golden, Heroic and Iron Ages to the Digital Age. In March 2021 the European Commission presented the Digital Compass for the EU's development during the digital decade by 2030. The Digital Compass sets four main cardinal points of the digital evolution: digital skills, digital infrastructures, digitalization of business, digitalization of government. These four dimensions cover both [...]

CIIM - Cyprus International Institute of Management is proud to announce that our full-time resident faculty Dr Olga Kandinskaia has been elected to the Board of NACRA, the leading international case research association. Dr Kandinskaia’s 4-year term on the Board is on the voluntary unpaid basis and will begin from October this year. This appointment is a prestigious opportunity to participate in shaping the policies and setting growth directions for the top global academic community of business case researchers and case writers. The North American Case Research Association (NACRA) https://www.nacra.net/ is a non-profit, voluntary professional association whose mission is to [...]

The future of finance is digital. The digital transformation of finance becomes a dominant trend, which will bring many fundamental changes. One of the aspects of this trend is the way we pay in daily life. In response to changes in society and technology, as well as due to the coronavirus (COVID-19) pandemic we are increasingly buying (and as a result paying) online, i.e., digitally. The role of cash (banknotes) in payments is declining. A digital euro is a new form of euros, which would complement the current euros, not replace them. The purpose of the digital euro introduction is [...]

Η Ευρωπαϊκή Επιτροπή επισπεύδει τις διαδικασίες για υιοθέτηση νέων μέτρων κατά της φοροαποφυγής με έμφαση τις εταιρίες κέλυφος (shell companies). Στις 8 Ιουνίου 2021, η Ευρωπαϊκή Επιτροπή ανακοίνωσε την έναρξη δημόσιας διαβούλευσης, ειδικά για την καταπολέμηση της χρήσης οντοτήτων κελύφους και ρυθμίσεων για φορολογικούς σκοπούς. Η πρωτοβουλία για την καταπολέμηση της χρήσης οντοτήτων και ρυθμίσεων κελύφους είχε ήδη ανακοινωθεί ως μέρος της ατζέντας της Ευρωπαϊκής Επιτροπής για τη Φορολογία των Εταιριών για τον 21ο αιώνα, με ορίζοντα υιοθέτησης των μέτρων το 2023, όμως τα νέα μέτρα που στοχεύουν ειδικά την καταχρηστική χρήση των εταιρειών κελυφών αναμένεται να υιοθετηθούν μέχρι το [...]

Οι υπουργοί Οικονομικών της G7 πέτυχαν στις 5 Ιουνίου 2021 μια συμφωνία για την παγκόσμια φορολογική μεταρρύθμιση που θα σημαίνει ότι οι μεγαλύτερες πολυεθνικές επιχειρήσεις τεχνολογίας θα πληρώσουν το «δίκαιο μερίδιο φόρου» στις χώρες στις οποίες δραστηριοποιούνται. Μετά από διήμερες συνομιλίες στο Λονδίνο, οι ομολόγοι της ομάδας των εφτά μεγαλύτερων οικονομιών στον κόσμο συμφωνούν σε μεταρρυθμίσεις που θα δουν τις συγκεκριμένες πολυεθνικές να πληρώνουν φόρο στις χώρες όπου δραστηριοποιούνται, αντί στις χώρες που διατηρούν την κεντρική ή περιφερειακή έδρα τους, ή την οικονομική ή νομική ιδιοκτησία των πνευματικών δικαιωμάτων που εμπορεύονται, ή ακόμα της μόνιμης έδρας του χώρου αποθήκευσης στο [...]

A digital euro is to be one of the innovations, which might change our daily life in the nearest future. The purpose of the introduction of a digital euro is to provide Europeans with a new, simple, universally accepted, safe, and trusted means of payment. A digital euro would be accessible to individuals and companies. A digital euro would not substitute the current euros. As the opposite of that, a digital euro would be an additional choice on how to pay. A digital euro is a new electronic form of money in addition to banknotes (cash money) and bank account [...]