Micro News

The Directors of Asian Infrastructure Investment Bank (AIIB) have approved Cyprus’s admission as a fully-fledged member, the bank & the Cyprus Finance Ministry announced. Finance Minister Harris Georgriades expressed his delight with the deal, stating: “Cyprus is interested in strengthening its ties…


Russian Foreign Minister, Mr Sergei Lavrov met with Cyprus President Anastasiades at the presidential palace in Nicosia to sign agreements in the sector of education and the economy in general; including agreements on humanitarian and philanthropic issues between the two countries. Several Cyprus-Russia…


As time progresses, Nicosia remains the last divided capital city in the world, UN officials are wondering what the hold up is regarding negotiation talks. Turkey’s foreign minister as outlined in his interview with a Greek Newspaper last week explains why the “Cyprus problem” has not been solved to…


Earlier this month it was reported that a group of Russians living in Cyprus had filed an application for the creation of a new political party. The group filed an application to the Cyprus interior ministry to establish a reformed political party. Apparently the Russian businessmen have been living…


The FBME Bank Ltd settlement saga continues as the Business Owners of the lender sought international mediation after its Cyprus branch was forced to liquidate; they have reportedly tripled their prerogatives against Cyprus, sources close to the case released: “They are demanding €1.5B in damages”. While…


Russia has rejected suggestions as absurd that it was hindering talks of reunification however restated that efforts to achieve a settlement at all costs was unacceptable. A spokesperson for the Russian foreign ministry stated that the anti-Russia accusations were a decoy designed to hide the underlying…


For large international banks, China's new Silk Road is an enticing concept for sure: trading of billions of dollars in deals, credit, advisory fees and loans, and the best part, a comfier relationship with China for those who step up. Masses of Senior International Bankers turned up in Beijing last…


US based social network giant Facebook is set to be penalised by EU trust regulators for supposedly providing misleading data relating to the acquisition of communication app WhatsApp three years ago, a person close to the case stated on Wednesday. The ruling will be made by the EC following a six-month…


This week the New York Federal Reserve Bank reported the household debt in the US has exceeded the record during the financial crisis in2008, signaling a gradual long-term recovery in borrowing by consumers in the US. Households and consumers suffered during the recession, recovering to the point where…


China has installed rocket launchers on a disputed reef in the South China Sea to protect against military combat divers from Vietnam, reports have surfaced following a state-run newspaper wrote an article offering new details surrounding the continuing military build-up in China. China has said military…



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