My personal predictions for 2018 – tech & business trends in a globally connected world

It is this time of the year again to share my personal thoughts & predictions for how the world will change more in the new year with all the tech, business & economic developments taking place around the globe. Do you feel the world is a smaller place with all the direct global communications and consumption of media content? As we are bombarded daily with massive information through social media platforms, subconscious confusion is lurking in our rational thinking and we crush in perception walls of not understanding the events or the international forces that affect and shape our lives as economic entities & citizens. These global powers are aggressively shaping urbanization and the future which is now.

What a year for Bitcoin. There will be more excitement for cryptocurrencies as some financial institutions are starting to see opportunities where other bankers or governments see a growing threat for traditional currencies, trade and exchanges. History teaches us that when regulatory agencies tried to limit a new technology embraced by millions, they ended up strengthening these movements instead of stoping their activity. Just check the global news on Bitcoin to see that it is here to stay.

Bitcoin technology is hard to attack because of its decentralization core features making it less vulnerable to hackers and cyber attacks, in comparison to traditional online banking systems which are far more centralized as financial data stored or customer records can be broken (See Equifax). Cybersecurity therefore will be vital for customer trust and the IT infrastructure of banks needs to be updated, an opportunity for fintech startups. Goldman Sachs has decided to trade bitcoins which is a positive sign for potential investors of cryptocurrencies. The expected fluctuation of the Bitcoin price is normal because of its natural risk. Blockchain technologies supporting Bitcoin and other cryptocurrencies will be an attractive field for investors willing to pour money in startups that develop blockchain to secure these systems from hacking or create new business models. Blockchain will make sure that data communications and financial exchanges will remain secure across the manufacturing, processing, distribution chain in various industries.

The banking and finance industry has started adopting mobile applications to serve their customers where a physical presence is not needed. In Asia, more and more people are using their smartphones for various payments, a trend grasped by local banks to offer payment methods through fintech applications. China is leading online payments as millions of people are skipping credit cards, cash, choosing mobile online payments (see Alipay).

Artificial Intelligence: Chatbots are gaining ground and although still in experimentation mode for advanced usage, virtual assistants will start replacing customer support jobs as bots will evolve to serving more complicated tasks and interacting with customers in real time. Bots will soon process our health records, financial records and consult us to optimize our diet or purchases when exceeding our card limits.

Because we are at a critical point where we are closer to creating computer systems that will surpass human performance, marking the beginning of the Singularity era and a new industrial revolution, a wave of change will benefit the world and bring domestic & international problems at the same time. AI will be generating so much data that data analytics will become a new science already taught across universities of the world and through online seminars. Understanding big data means a competitive advantage in global sales, operations and growth for companies. Internet-of-services (IoT) will also produce vast amounts of data and information gathered through sensors applied in house devices connected to the web (See Amazon’s Alexa).

Back in the offline world, Brexit is still discussed and negotiated between UK and EU casting shadows for the unity of the eurozone in 2018. Catalonia is another example of separatist national voices supporting analysts fears for the possible long term collapse of the European Union. A neo-liberal EU where economic and monetary policies are mainly set by Germany and Brussels, find opposition from populist parties and far-right politics. Euro-skepticism and separatism is an important threat to Europe’s unity.

Greece is and will remain the weakest link across all member states of the eurozone with a striving economy and highly indebted. Presenting a budget surplus due to over-taxation and not through real growth prospects is clearly a negative sign for the future of its economy. If Angela Merkel’s coalition government weakens more, we might see a different picture in European politics.

According to the IMF, India will be the country with the highest growth in 2018 leaving even China behind. Asia is the hot bed for watchers of global economic growth. This is because China is focusing on consumer growth along with product innovation. Networking effects will take place as the fruits of China’s economy will positively boost the economies neighbor states. If the world does not face an armed conflict between NK and the West in 2018 (US, SK, Japan), analysts expect moderate economic expansion in Asia although more reforms will be needed to meet global trade policies. Geopolitical tensions of late 2017 in the Eastern world for Jerusalem led by Trump might not scare global markets but Syria is a field where powers will not easily withdraw. Climate change is already affecting our economies and cities, countries should collaborate to further reduce the carbon print.

Global firms, institutions, companies & people, need answers. The way to provide reasonable answers today for the immense changes shaping our lives is by leveraging the power of technology and especially big data generated by smart applications, AI, IoT, Blockchain, online payments, etc. Globalization expressed through technological progress, geopolitical tensions, and the free movement of capital also creates inequality in countries where governments are corrupted or unfriendly policies are imposed upon citizens and entrepreneurs. The global economy is a playfield of technological disruptions, geopolitical tensions and political fragmentation, which will become more intense in 2018. By working together and understanding domestic and international powers will fill us with hope for the future.

Happy New Year!

I dedicate this blog entry & analysis to my daughter, Jenny, who turned 2 in December 2017. 

-Stathis Kassios

Κύπρος: Ενίσχυση της γυναικείας επιχειρηματικότητας


Το Σχέδιο Χορηγιών Γυναικείας Επιχειρηματικότητας αποσκοπεί στην ανάπτυξη, υποστήριξη και προώθηση της επιχειρηματικότητας των γυναικών (από 18 έως 55 ετών) που επιθυμούν να δραστηριοποιηθούν επιχειρηματικά σε οποιανδήποτε οικονομική δραστηριότητα με μικρές εξαιρέσεις, αξιοποιώντας τις γνώσεις τους, την κατάρτιση και τα ταλέντα τους.

Περιγραφή πρόσκλησης:

Οι χορηγίες που θα παραχωρούνται στις γυναίκες που θα ενταχθούν στο Σχέδιο ανέρχονται στο 50% πάνω στο κόστος των επιλέξιμων δαπανών της επένδυσης (εξοπλισμός, κτήρια/ διαμόρφωση χώρων, κατάρτιση, προβολή-προώθηση, κεφάλαιο κίνησης) με ανώτατο ύψος χορηγίας ανά επιχείρηση τις €70.000 για δραστηριότητες που αφορούν τη μεταποίηση και τις €50.000 για άλλες δραστηριότητες στους τομείς των υπηρεσιών, ηλεκτρονικού εμπορίου και τουρισμού.

Δικαίωμα συμμετοχής έχουν γυναίκες που:

  • Έχουν νόμιμα την μόνιμη διαμονή τους στις ελεύθερες περιοχές της Κυπριακής Δημοκρατίας κατά τους τελευταίους έξι μήνες πριν την υποβολή της πρότασής τους,
  • Έχουν κλείσει το 18ο έτος της ηλικίας τους και δεν έχουν ξεπεράσει το 56ο έτος κατά την ημερομηνία υποβολής της πρότασής τους,
  • Έχουν την ιδιότητα του ανέργου ή του μισθωτού κατά την ημερομηνία υποβολής της πρότασής τους,
  • Δεν ασκούσαν επιχειρηματική δραστηριότητα κατά τους τελευταίους έξι μήνες πριν την υποβολή της πρότασής τους.

Δικαίωμα συμμετοχής έχουν όλες οι κατηγορίες δραστηριοποίησης εκτός επιχειρήσεις που ασχολούνται με:

  1. την πρωτογενή παραγωγή ή εμπορία γεωργικών προϊόντων,
  2. τους τομείς της αλιείας και της υδατοκαλλιέργειας,
  3. το χονδρικό και το λιανικό εμπόριο,
  4. τα ξενοδοχειακά καταλύματα ή τα κέντρα αναψυχής, τα εστιατόρια και τις ταβέρνες, τους κλάδους της υδατοκαλλιέργειας, των ναυπηγικών εργασιών, τη βιομηχανία άνθρακα και χάλυβα.

Χρόνος Υποβολής Προτάσεων: 20/12/2017 έως 19/03/2018

Για περισσότερες πληροφορίες επικοινωνήστε μαζί μας:

Ενίσχυση της αυτοαπασχόλησης πτυχιούχων τριτοβάθμιας εκπαίδευσης (Β Κύκλος)

Woman People Student Students Startup Business

Αγαπητοί Φίλοι,

Προκηρύχθηκε ο Β’ κύκλος του προγράμματος ενίσχυσης της αυτοαπασχόλησης πτυχιούχων τριτοβάθμιας εκπαίδευσης. Το πρόγραμμα στοχεύει στην υποστήριξη πτυχιούχων τριτοβάθμιας εκπαίδευσης, ανέργων, μισθωτών και αυτοαπασχολούμενων, για την έναρξη/υποστήριξη της άσκησης επαγγελματικής δραστηριότητας συναφούς με την ειδικότητά τους σε αυτοτελή επαγγελματικό χώρο. Επιδίωξη του προγράμματος είναι η ενίσχυση της αυτοαπασχόλησης των πτυχιούχων και η δημιουργία νέων θέσεων εργασίας.

Δικαιούχοι της δράσης είναι:

Απόφοιτοι ΑΕΙ/ΤΕΙ ή ισότιμης σχολής Ελλάδος ή εξωτερικού (αναγνωρισμένη από το ΔΟΑΤΑΠ) ή κάτοχοι αναγνώρισης επαγγελματικών προσόντων, από  ΣΑΕΙ ή ΣΑΕΠ. Επίσης, πτυχία από Σχολές Θεάτρου και Χορού αναγνωρισμένες από το Υπ. Πολιτισμού ως τριτοβάθμιες και απόφοιτοι μουσικών εκπαιδευτηρίων αναγνωρισμένων από το Κράτος (το πρώτο πτυχίο θα πρέπει να έχει αποκτηθεί μετά την 1/1/1995).

Μπορούν να συμμετέχουν:

  • Κατηγορία Δικαιούχων Α: Άνεργοι, εγγεγραμμένοι στα μητρώα ανέργων του ΟΑΕΔ , μισθωτοί (πλήρους ή μερικής ή εποχιακής απασχόλησης), υφιστάμενοι επιχειρηματίες που θα συστήσουν νέα εταιρία με ανέργους ή μισθωτούς.
  • Κατηγορία Δικαιούχων Β: Υφιστάμενοι ατομικοί επιχειρηματίες (αυτοαπασχολούμενοι) που ασκούν ήδη συναφή με την ειδικότητά τους (τίτλο σπουδών) επαγγελματική δραστηριότητα, όπως επίσης και συνεργασίες μεταξύ αυτών.

Επιδοτούνται για: τη δημιουργία, οργάνωση, υποστήριξη και λειτουργία νέας ή υφιστάμενης επιχείρησης συναφούς με τις σπουδές τους.

Επιδοτούνται με: 5.000 ευρώ έως 25.000 ευρώ  για ένα δικαιούχο με ατομική επιχείρηση, έως 40.000 ευρώ συνεργατικά σχήματα δύο ατόμων, έως 50.000 ευρώ για συνεργασίες τριών ή περισσοτέρων.

Χρηματοδοτείται το 100% των επιλέξιμων δαπανών.

Βασικές προϋποθέσεις συμμετοχής:

  1. Εισοδηματικά κριτήρια

Για τους  ενδιαφερόμενους που θα υποβάλλουν αίτηση με την ιδιότητα του ανέργου ή μισθωτού ισχύουν τα εξής:

  • Για την κατηγορία Α, ο  μέσος όρος του εισοδήματος επιβολής εισφοράς για τα φορολογικά έτη 2015, 2014 & 2013, να μην υπερβαίνει ανάλογα με την οικογενειακή τους κατάσταση κατά το φορολογικό έτος 2015 τις 22.000 ευρώ για το ατομικό  εισόδημα  ή τις 35.000 ευρώ για το οικογενειακό εισόδημα.
  • Για την κατηγορία Β, ισχύουν όσα αναφέρονται παραπάνω καθώς επίσης θα πρέπει και o μέσος όρος του συνόλου των ακαθαρίστων εσόδων από επιχειρηματική δραστηριότητα για τα έτη 2015, 2014 & 2013 να μην υπερβαίνει τις 40.000 ευρώ.
  1. Επιδότηση από προγράμματα στο παρελθόν

Ο ενδιαφερόμενος να μην έχει ενταχθεί σε συγχρηματοδοτούμενα προγράμματα με την ιδιότητα του ατομικού επιχειρηματία/επιτηδευματία ή του εταίρου σε επιχορηγούμενη εταιρεία, από την 1/1/2013, πλην προγραμμάτων κατάρτισης.

ΙΙΙ. Να μην συμμετέχουν με την ιδιότητα του εταίρου/μετόχου σε άλλες επιχειρήσεις οποιασδήποτε νομικής μορφής από την 1/1/2015, εξαιρείται η κατοχή μετοχών εταιρειών εισηγμένων στο Χρηματιστήριο.

  1. Να μην έχουν και την ιδιότητα του ατομικού επιχειρηματία κατά την υποβολή της αίτησης χρηματοδότησης και να μην έχουν προβεί σε διακοπή της επιχειρηματικής τους δραστηριότητας (ως ατομικοί επιχειρηματίες) από την 1/1/2017 και μέχρι και την ημερομηνία υποβολής της αίτησης χρηματοδότησης.

Υποβολή προτάσεων

Η έναρξη της ηλεκτρονικής υποβολής ορίζεται στις 5.7.2017 και θα διαρκέσει έως τις 9.8.2017.

Είμαστε στη διάθεσή σας για κάθε πρόσθετη πληροφορία ή διευκρίνιση.

Contact: skassios(at)

Assorted links by Cyber Consultant

How the World Has Changed From 1917 to 2017 


Tech, Transport, Tourism, Transformation — What To Know About The Sharing Economy In Africa

H καλύτερη εφαρμογή για τις μετακινήσεις σας

One of the latest international projects I have developed, Sloa Camp. Sloa Camp will bridge students from Asia with universities in Europe and USA.

0 % corporate tax within the EU – Bulgaria. Contact me for an introduction to Innovires Business & Legal Consulting Office.

Future Match 2017. March 20-24 Hanover, Germany. 



Assorted links

moovit newsletter January 2017:

traders out, computer engineers in:

innovires legal & consulting business office:

a nice interview with economist Gita Gopinath for world trade, currency wars, etc.

5 reasons why Greek businesses should move to a paperless – digital office:

SaaS startup phenomenon globally:

what is entrepreneurship?:

vc backed us companies:

Assorted links by Cyber Consultant – September 2016

Enjoy reading!

-Stathis Kassios (


Why you should register a company in EU & Bulgaria?


According to Forbes among the top 10 cities around the world to launch your startup business is Sofia, Bulgaria. Behind the blare of Berlin, Beijing, Moscow and London, the Bulgarian start-up scene is set to become a center for seed investment and start-ups in South East Europe.

A Bulgarian limited liability company can be incorporated within one week, with a minimum of one shareholder and one director, who can be of any nationality and place of residence. Conveniently, the minimum paid up share capital is only €1 and there is an option for a Client not to travel to complete Bulgaria business setup.

Registering a business in Bulgaria enables Clients to minimize tax because:
1. Bulgaria’s corporate tax rate is a flat 10% on global profits, the second lowest in the EU. See the global corporate tax page for more details on corporate tax rates in Europe.
2. Withholding tax on interest payments is low at i) 5% within the European Economic Area and ii) 10% to all other countries unless reduced by a double-tax treaty.
3. Bulgaria boasts VAT refund agreements with 10 countries outside of EU.
4. Tax losses can be carried forward up to 5 years.
5. Licensed real estate investment trusts (REITs) are fully tax-exempt.
6. Companies incorporated in municipalities with higher level of unemployment can receive up to 100% tax retention.
7. VAT registration is not mandatory under €25,000 annual turnover of taxable goods.

Bulgaria is a prime setup location for Clients running a manufacturing business in Europe and the Middle East:                        1. Because of its EU membership and free trade agreements, Bulgaria enables manufacturing businesses to reach to: 500 million duty-free EU market.
80 million duty free Turkey market
booming Middle Eastern markets.
2. Labor costs are the second lowest in Europe, according to Eurostat. Average monthly skilled labor salaries are recorded at €700 and unskilled labor at €400. The monthly minimum wage is only €220.
3. Skilled workers are also available, with a strong backgrounds in engineering, sciences and languages.
4. Almost every young person in Bulgaria speaks English.
5. Tax holidays of up to 5 years are available to qualifying manufacturing projects under the Corporate Income Tax Act.
6. Electricity costs in Bulgaria are estimated to be 30% lower than the standard EU rates. Standard KwH for corporates is just €0,165 per hour.
7. Bulgaria is a great place for companies selling products and services to the automobile industry. Large EU companies like i)Witte ii) Montupet and iii) others car parts suppliers have relocated their factories to Bulgaria. The only Chinese car manufacturer in the EU – Great Wall Motors – chose Bulgaria to setup their factory.

Contact me at to introduce you to Innovires legal & business consulting firm

My predictions for 2016. Trends in a globally connected world.


Dear readers,

Time flies. It’s this time of the year again that I would like to share with you my predictions & trends for 2016.

– The sharing economy platforms like Uber, Airbnb, Lyft, etc. are not only disrupting current business models, they are also creating jobs and generating income for unemployed or even low paid people. These platforms establish a new type of professional life away from the norms of current & old labor laws and traditional employment. See this research for referenece:

Internet of Things: we hear & read more and more about the Internet of Things (IoT) and how our lifes will be transformed hopefully for the better. All electronic devices that we use daily will be connected to each other and with the world wide web, collecting and exchanging huge amounts of data that have to make sense and offer practical advantages. The IoT is predicted to have a $13 trillion impact on the global economy. Imagine vehicles, house devices, company offices, factories & work sites, all riding the connectivity wave and creating smarter and more efficient products & services. See this article by McKinsey:

Social media & education: these global online networks will play a pivotal role in how people present themselves online. The networks people will be creating matter for the information they share thus education will also be networked online. Maybe we get to see more social networks popping up as with over 3 billion users globally using laptops, smartphones, tablets, more networks will be created to serve these people’s needs. Think poor countries for example where a smartphone connected to the internet, will be a great way to be educated, communicate personally & professionally, gain knowledge of the world outside of the local boundaries that sometimes corrupted governments impose.

Artificial Intelligence: Machines are getting smarter with all the big data we feed them. Will machines help us in the future or take over our lives and destroy millions of jobs in the various industries and sectors of the economy?

Intelligence: due to the fast pace of digital connectivity, a vast amount of information and data becomes available to public organizations, research centers, private companies. As we are building the Everest of data, we carefully have to monitor the intelligence spurring from the top of the mountain which will benefit humanity, eliminate the ”noise” (bad data that don’t make sense) and reduce risks that would appear if sensitive data becomes available to the wrong hands. Organizations and companies will have to protect their data through strong cybersecurity measures and proactive implementation of advanced system security & architecture.

3D Printers: 3D printing will lead the very essence of technological & manufacturing disruption across all kinds of industries, using new materials to construct or replicate products in pharmaceuticals, bio-industry, industrial design, space exploration, house building, etc.

Global growth: according to IMF (International Monetary Fund) the global economy is expected to grow in 2016 by 3.6, expecting a calm growth for Europe, the same growth as last year’s for USA and a bit slower for Canada. The riddle of growth will go to China as nobody can actually predict what is happening in this giant economy due to the lack of trust in their statistics. India will continue to grow strong while Japan returned to recession. Recurring global currency wars and the domestic currencies of Latin American countries will create problems in their development.

Greece’s Debt continues to increase, probably in a non-sustainable way. Much has been discussed in global news & media for ways to make it more sustainable and decrease the burden of imposing more austerity measures. The co-founder of, Sheridan Tatsuno, has published an article on ways for Greece to develop its economy beyond its debt through tourism, exports, technology outsourcing:

Balkan countries have started providing important business incentives by setting zero taxes for new companies as a way to invite entrepreneurs from other countries. This is what I call long term strategic thinking and planning. See the example of Albania:

Geopolitical risks: Independent of the exciting news coming from technology, the political problems in countries like Syria, the general turbulence in the Middle East, the involvement of different powers with different interests, will remain a threat for the global markets (refer to the EU stock market indexes when Turkey shot down a Russian jet). The world will also be watching the US presidential election campaign because of the different policies the elected leader will follow on terrorism, homeland security and foreign policy matters.

Because of the interconnectedness of the global economy, national problems become international (see the Chinese stock market crash & repercussions), altering capital flows & investors sentiment. The monetary policy of FED & ECB on interest rates will also play an important role for global growth and development.

My personal wishes to you for health, wealth and happiness in 2016!

Stathis Kassios Co-founder
Moovit Operations Consultant Greece
Web Consultant & Economist


More taxes more austerity


The current problems of the Greek government are directly related to decreasing public expenditures through imposing more and more taxes upon its citizens and domestic economy. Under constant pressure from EU’s bureaucrats in order for Greece to receive a new round of loans and re-capitalize its banks, the limited time left to find alternative sources for tax revenues, create a hostile environment for the private sector and the real economy.

Imbalances in the government’s budget, negatively distort the real economy. Companies remain non-competitive because of the amount of taxes they have to pay and because they can not be financed in a healthy way anymore.  Even if a myopic political party achieves to present a significant decrease in the government’s deficit, it can irreversibly hurt thousands of small and medium size businesses, further increase unemployment and establish a new problematic status quo for the employer (more taxes and insurance contributions) – employee relationship (short term job contracts, uncertainty in the workplace, etc.).

There is only one way to properly increase tax revenues and this is the adoption of a national plan for the economy’s growth which can return the fruits of real job creation and enough tax revenues to positively shift Greece’s government budget imbalances and deficits. Greece needs a sustainable tourism and agricultural industry that creates jobs, exports new products & services and pays a fair amount of taxes similar to other developed countries. Imposing more taxes with the side effect of enlarging an existing black market, will only extend the austerity.

In times like the ones that Greece is going through, the cost of desperately attempting fiscal consolidation means Greece’s GDP will continue to decrease and the official unemployment statistics increasing.

Stathis Kassios
Co-founder of
Operations Consultant Moovit Greece
Economist & Web Consultant
Image source:

Assorted Links by Cyber Consultant

Sound Ventures, Ashton Kutcher & Guy Oseary’s VC firm announce investment in world’s #1 local transit app –

I’m an iOS developer, and there are two main reasons I’m giving up my Apple Watch –

Premium Organic Greek Food Products from selective producers. Discover an ancient culture of wellbeing! –

10 Most Important Functions of WordPress SEO by Yoast –

Professional Diploma Digital & Social Media – Newsletter –

A free report by Cisco on Cybersecurity latest trends & issues –

Six Totally Free CRM For Your Business –

Apple Expands Music Streaming Service Into China for First Time –

Alumni from Jönköping International Business School, Jönköping University appointed as new CEO of Ralph Lauren Corp. –

Find more links @

Feel welcome to add your friends!