Economy

The transformative role of AI in Regulatory Compliance for financial institutions

In today’s rapidly evolving financial landscape, the increasing complexity of regulatory compliance poses significant challenges for financial institutions. From anti-money laundering (AML) protocols...

Bitcoin: Consecutive surges fuelled by Trump’s new term

Bitcoin's rise of over 70% in 2024 has surpassed traditional assets such as global stocks and gold – Trump is a declared supporter of...

Faster digital transformation processes requested by Paphos Chamber of Commerce

The President of the Paphos Chamber of Commerce and Industry (EBE), Giorgos Mais, has called for an acceleration in the transition to digital transformation....

Zero VAT Rate on Essential Goods Effective from Today

Starting today and in effect until 31 December 2025, a zero VAT rate is applied to essential goods, including baby milk, nappies (for both...

€1.4 billion surplus for General Government in first nine months of the year

Increase in Revenue and Slight Reduction in Expenses The General Government recorded a surplus of €1.4 billion (4.2% of GDP) during January-September 2024, more than...