Here is how joining forces and working towards a common goal has helped our Mediterranean island grow stronger and wiser! This is the story of how we did it! It would be nice if you spread the word. We Hope…

International Rating Agencies Following the recent positive reviews of the Cyprus economy, the two international rating agencies Standard & Poor’s and Fitch, have upgraded the economy during the last days. More specifically, Fitch upgraded the Cyprus economy to B+ and…

Financial statements are prepared according to agreed upon guidelines. In order to understand these guidelines, it helps to understand the objectives of financial reporting. The objectives of financial reporting, as discussed in the Financial Accounting standards Board (FASB) Statement of…

There are several new tax measures that are already incorporated into Cyprus legislation, which will take effect in 2014. EuroAudit highlights the key measures for corporations and individuals alike to take note. Contributions to social insurance funds The contribution to…

The official rate of interest has been set to 4.5% from 1/1/2014