Micro News

The Finance Minister for Cyprus, Mr Harris Georgiades has stated that the European Commission have made a mistake by warning the Cypriot economy could be unsustainable unless the government make spending cuts and raises taxes. “Something Cyprus will not do under any circumstances” he made clear. The…


The building permits issued by municipal authorities rose an annual 19% in 2016. In terms of the ratio of construction area to square metres, which has risen by 7% in terms of value to below €1.1bn as demand for more spacious and luxurious homes has grown. The value of housing projects in the property…


While Cyprus has made significant progress in reducing the islands non-performing loans (NPLs) which comprise roughly half the loan portfolio of Cypriot banks, and promoting investment, progress was limited in increasing the capacity of public employment services. Even after the limited 2.8% economic…


The global transfer of major weapons systems rose over the past five years to the highest volume since the cold war era as the Middle East has nearly doubled its imports. The Stockholm International Peace Research Institute have stated that more weapons were delivered between the 2012 - 2016 period than…


The head of the Libyan national oil corporation has signed a major cooperation agreement with Russian oil giant Rosneft, which will effectively lay the groundwork for investment by Rosneft in Libya’s oil sector. The agreement envisages the establishment of a joint working committee of the two partners…



Cyprus:
+357 25 02 50 34
Singapore:
+65 62 47 71 92
Russia:
+7 812 458 46 22
Skype:
eltoma.0015