Micro News

Micro News

Within a month from its announcement, on 11.03.2018, the Chinese Parliament has up-voted the amendment of its constitution to remove the 10-year presidency term limit. This amendment was the first one in 14 years and it effectively enables the current president, Xi Jinping, to remain in office indefinitely. Chinese…


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…


There are many conspiracy theories about how Brexit was the result of Russia’s interference with the intention of weakening the EU; however all these conspiracy theories were never factually substantiated. Nevertheless, a £400,000.00 donation from American Billionaire George Soros to an Anti-Brexit…


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)…



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