Monday, 9 September 2013

G20 – New Global Standard on Tax Information Exchange | Index2Day

While the Group of the 20 leading economies (G20) summit in St Petersburg was dominated by tensions over the Syria crisis, a deal was reached on new rules to make it harder to hide money in tax havens and force companies to pay tax in the countries where they have profits (...) Read more on Index2Day

Thursday, 5 September 2013

Cyprus Officially Enters World Energy Market – Historical Ignition of Gas Flame | Index2Day

Cyprus, the South Eastern border of the EU is expected to see a historical day today , as the first trial production of natural gas within its exclusive economic zone (EEZ), a process known as " flame ignition ", will become a reality.
The ignition of the flame(...) Read more on  Index2Day

Friday, 30 August 2013

Hellenic Bank (Cyprus) on loss for the first half of 2013 | Index2Day

Hellenic Bank declared a net loss of €46 million for the period from 1st of January to 30th of June 2013, by raising its provisions for non-performing loans that appeared during as a result of the financial crisis and Eurogroup’s decision about deposits.

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Hellenic Bank (Cyprus) on loss for the first half of 2013 | Index2Day

Friday, 23 August 2013

Most Powerful Supercomputer in East Med Region Hosted in Cyprus

Cyprus’ very own supercomputer, in its first year of operation, has carried out simulations producing 70 TB (Terabytes) of data, the equivalent of 17 million of copies of the bible, which would have taken a normal laptop 456 years to compute. Its computational power is 30 Tflops, which means it can perform 30 trillion multiplications per second.

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Most Powerful Supercomputer in East Med Region Hosted in Cyprus | Index2Day