PwC Cyprus integrates ChatPwC in its daily operations

PwC Cyprus integrates ChatPwC in its daily operations

Following the demands of the modern era, PwC Cyprus has strategically integrated ChatPwC – an innovative generative artificial intelligence assistant (GenAI) – into its operations, thereby granting its people the ability to utilize it daily. Consequently, this strategic initiative aims to harness the power of GenAI to boost productivity, expedite service delivery, and foster innovation. Designed […]

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I-STARS offers cash for sustainable tourism

I-STARS offers cash for sustainable tourism

The I-STARS project, aimed at promoting sustainable tourism in Europe, has completed the selection process of a total of 125 tourism businesses from Cyprus, Greece, Ireland, Italy, and Spain, each receiving grants of up to €5,600. The I-STARS project initiated an open call in July 2023, inviting businesses from various tourism sectors to apply for […]

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Cash support for young entrepreneurs

Cash support for young entrepreneurs

The Ministry of Energy, Commerce and Industry has announced the second phase of the New Business Activity Support Plan, amounting to €20 million. This Plan forms part of the “THALEIA” Programme for 2021-2027 and is co-financed by the European Regional Development Fund (ERDF), the European Social Fund (ESF) of the EU, and the Republic of […]

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Fredriksen may move to Cyprus

Fredriksen may move to Cyprus

The Fredriksen Group, led by shipping magnate John Fredriksen, is contemplating moving a significant portion, if not all, of its shipping operations from Norway to Cyprus, citing dissatisfaction with Norway’s framework conditions. In a Finansavisen newspaper interview, Fredriksen expressed frustration over the nature of Norway’s regulatory environment, including sudden rule changes, fees and taxes, which […]

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Cambodia’s Economic Growth To Accelerate In 2024, Fueled By Manufacturing And Tourism, Says ADB

Cambodia’s Economic Growth To Accelerate In 2024, Fueled By Manufacturing And Tourism, Says ADB

Cambodia’s economy is forecast to grow at 5.8 percent in 2024 and 6.0 percent in 2025, fueled by a further rebound in tourism and strong manufacturing prospects, according to the latest edition of the Asian Development Bank’s (ADB) flagship economic report released on April 11. “Despite global economic challenges, Cambodia’s economy performed well in 2023,” […]

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