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Greece shipping companies look for office space in Limassol

ATHENS: Greece shipping companies have been enquiring about renting office space in Limassol, Cyprus’ shipping and trading hub, Splash can confirm. “About a month ago, we had a number of requests from Greece shipping companies, looking for office space and also for information about operating in Cyprus,” the head of commercial lettings at a Cypriot real estate agency told Splash ... Read More »

Chinese companies start to eye on Greece deals

ATHENS: As the risk of Greece leaving the euro zone looms larger, Chinese companies are making tentative assessments of potential buying opportunities in the country, according to banking sources. China Premier Li Keqiang assured European leaders on Monday that the country wants Greece to remain in the currency area and urged international creditors to reach an agreement on its debt. ... Read More »

Hungarian companies look to investments of 30% for the next two years

BUDAPEST: Almost two-thirds of Hungarian companies surveyed are planning investments in the next one to two years, with more than 30% of those looking to hire more employees and 10% – primarily in the agricultural sector – looking to invest in energy projects, UniCredit Bank said. Approximately 80% of manufacturing companies are considering new investments, the survey reveals, while one-third ... Read More »

Registration of companies in Hungary decline by 2.3% YoY

BUDAPEST: The number of companies in Hungary fell by a year-on-year 2.3% to 540,000 in the first quarter this year, with a little more than 6,500 companies being established in the period, down from more than 10,000 in the same period a year earlier, business information company Bisnode reported today. The company attributes the decline to a high base, a ... Read More »

Number of companies registered in Hungary declines 2.3% YoY

BUDAPEST: The number of companies in Hungary fell by a year-on-year 2.3% to 540,000 in the first quarter this year, with a little more than 6,500 companies being established in the period, down from more than 10,000 in the same period a year earlier, business information company Bisnode reported today. The company attributes the decline to a high base, a ... Read More »

Finland’s 15 Companies are among Europe’ Red Herring 100 list

HELSINKI: This year, 15 Finnish companies made it on the Red Herring top 100 Europe list, Red Herring has published its list of the most exciting startups from Europe. The Finnish software companies included on the list were Aava Software and Good Sign and online service companies included 360 Visualizer, Medigoo and Word dive. The Cleantech industry is represented by ... Read More »

Finnish companies charge 10 times more than 8.8% per minute charges on customer care calls

HELSINKI: The Finnish language daily Helsingin Sanomat stated that around hundreds of companies charge high rates for customer care calls contrary to the law, reported. According to a law a company may charge 8.8 cents per minute or as by the subscription contract. According to the report, a customer, for instance, calling to cancel an order or reclaim a defective ... Read More »

15 companies to submit bids for $150m solar power plant

AMMAN: Jordan has prequalified 15 local and international companies to build a $150 million solar-run power plant, the Ministry of Energy and Mineral Resources said Saturday. The 65-75 megawatt solar-fuelled power plant will be located in Qweira in the southern Governorate of Aqaba, Haidar Gammaz, and the ministry’s spokesperson, told The Jordan Times over the phone. The companies include First ... Read More »

South Africa’s Standard Bank, MTN Group growing less than 2% annually

SEOUL:  The challenges are increasingly common ones for Africa’s largest companies, serving customers embattled by insecurity and economic turmoil. Their home market, South Africa, is racked by joblessness and power blackouts. The economy that gave rise to major banks and telecom firms like Standard Bank Ltd. and MTN Group is now growing less than 2% annually. They and their peers ... Read More »

Japan companies face pressure to use near-record cash stockpiles to help drive growth

TOKYO: Japan companies have pressure to use their near-record cash stockpiles to help drive growth, with Finance Minister Taro Aso saying Thursday the government should consider a tax to prod businesses into action. “Japan should carefully consider issues like this,” Aso said in Parliament in response to a question from a lawmaker in his party about imposing an extra levy ... Read More »

Japan govt approves plans to give tax break to companies outside Tokyo

TOKYO: Japan Prime Minister approved plans to give tax breaks to companies that move their headquarters out of Tokyo as Japan seeks to revitalize its regional economies. Under a bill that will be put to parliament, companies will receive a deduction on their taxes equal to 7 per cent of the amount they spend building a new headquarters outside the ... Read More »

Finnish companies’ shareholders being rewarded with higher returns

HELSINKI: Shareholders of the Finnish companies are being rewarded with higher returns as executives struggle to find better use for the company cash along with the delayed economic recovery. Half of the companies listed on the Helsinki stock exchange that have so far announced their dividend proposals for 2014 plan to raise them — four times as many as those ... Read More »

Banks, retailers sign to work with Apple Pay

NEW JERSEY: Countless number of banks and retailers have signed on in recent weeks to work with Apple Pay, Apple’s mobile payment platform that allows users to pay for things by tapping their phones at a point-of-sale terminal, Apple announced Tuesday, according to The New York Times. The new companies that recently agreed to work with the service include SunTrust, ... Read More »

Microsoft, Accenture to make new hybrid cloud system

EDMOND: Microsoft and Accenture are working together for more than a decade, but the companies say they are about to get on one of their most faraway reaching collaborations ever, Accenture Hybrid Cloud Solution for Microsoft Azure. Microsoft CEO Satya Nadella said that the key to this platform is the power to arrange, move and manage applications between consistent private ... Read More »

FBI strictly warns cyberattacks after Sony hack

WASHINGTON D.C: Sony is just the first slight party in a wave of destructive cyberattacks. The Federal Bureau Investigate warned U.S. companies that might be hit by a damaging cyberattack that could remove their computers. The warning does not mention the immense hack that took down Sony’s computer systems last week. The resulted in the leak of some of the ... Read More »

SECP starts 42 show-cause proceedings

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has initiated 42 new show-cause proceedings in July and August due to non-compliance with legal requirements. During the last two months, the SECP’s Enforcement Department concluded 50 ongoing proceedings against the companies and chief executives, directors and auditors of the companies. Moreover, 19 investor complaints pertaining to non-issuance of shares, non-verification ... Read More »

Premier awards ‘Privilege cards’ to top taxpayers

ISLAMABAD: The Prime Minister Muhammad Nawaz Sharif handed over the Privilege Cards to top 100 taxpayers of different categories at Prime Minister’s office Auditorium. The cards will be valid for one year. As per details, the ceremony was also attended by Mr. Ishaq Dar, Finance Minister and Chairman Federal Board of Revenue (FBR), Mr. Tariq Bajwa. The scheme has been ... Read More »