Blog

31/10/2018
Understanding the key differentiating factors between a financial services institution and a bank primarily involves, considering the distinction between the provision of a ‘good’ and the intermediation of a ‘service’. As much as Banking exists as a subset of the financial services sector, it is equally true that not all bank services are strictly defined as financial services.As per the International Monetary Fund’...
19/10/2018
Implications of the upcoming changes in respect to Benefits in Kind *by Theodoros MantisConsidering the intense competition between businesses, employers started offering awide range of Benefits in Kind ‘BIK’ (usage of corporate and private cars, sharespurchase plans, usage of assets, meals, gifts, relocation expenses, traveling expenses,etc.) aiming to attract skilled and qualified staff, and ensure work satisfaction,...
05/10/2018
At a business forum held last week in New York, President Nicos Anastasiades outlined the multiple and comparative advantages of Cyprus as a business and investment destination. The business forum ‘Invest in Cyprus’ was organised by Capital Link.In a speech that praised Cyprus’ momentum as a business hub for US investors, President Anastasiades noted the island now stands a major international businesses centre with a number of...
29/09/2018
Following news of Cyprus’ credit rating upgrade, the European Central Bank announced it has restarted buying Cypriot bonds under its stimulus programme; with the aim of calibrating a gradual and measured increase in Eurosystem holdings towards Cyprus’ share in the ECB capital key. It has also pledged to make up slowly for its two and a half year exclusion from ECB buying.Commenting on why now is the right time to invest in the island...
21/09/2018
In a move that’s been hailed by Cypriot authorities as a testament to the island’s steady return to growth, Standard & Poor’s has upgraded Cyprus’ sovereign rating by assigning it a BBB- last Friday. The news of Cyprus’ return to investment grade, comes after more than six years of S&P having downgraded the Cypriot rating to junk.In its announcement, S&P explained the rationale behind its decision in...

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