The Republic of Moldova is going through one of the most transformative periods in its recent economic history. With the opening, in June 2026, of the first cluster of negotiations (“Fundamentals”) in the process of accession to the European Union, and with the declared objective of opening all negotiating clusters by the end of the…
“We’ve sold almost every apartment, so why haven’t our profits increased?” This is one of the most common questions property developers ask when reviewing their financial statements. Imagine a developer who has pre-sold 80% of a new residential project. Buyers have paid substantial deposits, banks are satisfied with the pre-sales, and construction is progressing according…
According to a report published by the Cyprus Securities and Exchange Commission (CySEC) earlier this month, total assets under management in the Cyprus fund industry stood at €11.2 billion in Q4 2025, down 1.97% quarter-on-quarter. Despite this modest contraction, the composition of the market points to the continued dominance of alternative investment structures and a…
Inventory is often one of the most significant assets on a company’s balance sheet, therefore is one of the most critical areas to audit. Inventory costing determines how the cost of goods sold (COGS) and ending inventory is calculated. The choice of inventory costing method—whether First-In, First-Out (FIFO), Last-In, First-Out (LIFO), or Weighted Average Cost—can…
From record-keeper to architect of value: the skills that will matter most in the era of agentic AI For decades, a company’s finance function has been synonymous with rigor, control, and a backward-looking gaze: month-end closings, reconciliations, reports that confirm what has already happened. The chief financial officer was, in essence, the guardian of the…
In real estate development, success is often associated with location, design and timing. These factors matter. But they are no longer enough. Having worked with developers, contractors, investors and lenders across the construction and real estate sector for many years, it’s evident that the projects which perform best are not always the most ambitious or…
The tax authorities have issued guidance on compliance obligations under the Global Minimum Tax framework, as implemented through Law 151(I)/2024, covering multinational and large domestic groups for financial years beginning between 31 December 2023 and 31 December 2024. The tax authorities confirm that a Group of Multinational Enterprises (MNEs) that falls within the scope of…
For decades, the professional services sector has been one of the defining pillars of the Cypriot economy. Legal, tax, audit, corporate administration, fiduciary and advisory services have not merely supported business activity — they have been integral to Cyprus’ international business model and its position as a regional hub for investment and cross-border structuring. Today,…
Emeritus Professor Joe Nellis is economic adviser at MHA, the accountancy and advisory firm. The latest Eurozone figures tell a worrying story: modest growth, rising inflation and a fresh energy shock that could derail an already fragile recovery. The Eurozone economy expanded by only 0.1% in the first quarter of 2026. While that keeps the…
