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Διαβάστε εδώ την Ελληνική έκδοση > The need for equity investment to support the Cyprus economy By Dr. George Theocharides Since the crisis of 2013, the economy of Cyprus has shown impressive resilience and improvement. From negative growth rates, we now have significant and positive growth. From budget deficits, we now have significant primary and budget surpluses. From sky-rocketing unemployment levels, we now have levels that are close to full employment. The banking sector has recovered and the number of NPLs has reduced substantially. However, a major problem still exists – namely the persistent level of private indebtedness (both for [...]

Διαβάστε εδώ την Ελληνική έκδοση > International Award for CIIM Professor CIIM - Cyprus International Institute of Management is proud to announce that Dr Olga Kandinskaia, a full-time resident faculty at CIIM, has received a prestigious award by NACRA – Best Case Gold Award - for the business case written in joint authorship with Belgian Professor Dr Nancy Huyghebaert. NACRA, the North American Case Research Association, is the top global academic case research body. It holds the annual conference each October as the forum to present best newly written business cases in different management disciplines. Dr Kandinskaia presented the finance [...]

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 [...]