Micro News

The legal complexity and complications of the problem concerning title deeds is the reason why there has not yet been a successful solution. The power conferred to the Director of Land and Surveys Department, to exempt, eliminate, transfer and cancel mortgages where certain conditions were met, upon…


Invest Cyprus: New Opportunities Await

Recently, the impressive recovery of the Cypriot economy can be observed. The Brexit and a resurgence of investors' interest calls for a redefinition of Cyprus’ priorities and a redesign of its strategy if it will optimise on these opportunities.  According to the CIPA (Cyprus Investment Promotion Agency)…


A voluntary retirement scheme has been introduced by Hellenic Bank, one of the largest banks in Cyprus, in an attempt to reduce the annual employment cost which has seen an increase of over €6m in the 2-year period of 2014 to 2016. Employees aged 50 and above can apply for the retirement scheme and…


Taking measures to fight tax evasion and avoidance, and to promote a fairer taxation, an EU list of jurisdictions which are not in conformity with EU standards on taxation good governance (Tax Havens) is to be created before the end of the current year (2017).  Such “Blacklisting” will aim to reduce…


In spite the recent fall of cryptocurrency, with a trading value of over US$7,000.00, and the significant growth of over 600% last weeks witnessed during this year alone, experts speculate that bitcoin could reach a record high trading value close to the US$8,000.00 mark. This growth is said to be allocated…



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