Micro News

Micro News

During the last five years from 2014 to 2018, the continuous increase in the number of new companies registered was observed. The number of new applications for company registration decreased by 13.7% in the first quarter of the current year. The registering authority said that at the end of April…


According to the announcement of the Cyprus Securities and Exchange Commission (CySEC), on May 11th Demetra Investments increased its stake in Hellenic Bank from 18.42% to 21.01%. It became known that Demetra Investments bought out a share of the European Bank for Reconstruction and Development (EBRD)…


On May 13th, a delegation from the Committee of Experts on the Evaluation of Anti-Money Laundering Measures and the Financing of Terrorism (MONEYVAL) arrived to conduct a comprehensive audit of the corporate, legal and financial sectors of Cyprus. The group of experts held a series of meetings with…


It is reported that the development of technology will lead to the fact that most jobs in the financial sector will be merged or changed. In this regard, according to a report by the Institute of Banking and Finance (IBF) and the Monetary Authority of Singapore (MAS), specialists working in this field…


Australian Commonwealth Bank wants to reduce jobs and expenses in the amount of about USD $2 billion (USD $1.93 billion). According to media reports, the country's largest creditor is considering the possibility of reducing its branches to 300 (at the moment there are almost 1000 of them). Specialists…


An earlier survey among more than 3,000 employers (in China, Hong Kong, Japan, Malaysia, and Singapore) showed that more than 65% of Singapore employers prefer employees with hard skills. According to the survey results, the most demanded hard skills are project management (56%), statistical and data…


China Reviews Relations with Cyprus

According to sources, China considers Cyprus as a strategic partner. Chinese President Xi Jinping stated that during the meeting with President Nikos Anastasiadis, expressing his “unwavering support” in resolving the Cyprus issue. During the meeting, the heads of government assured each other that the…


The first attempts to introduce the schemes aimed at improving the working conditions of employees in Europe did not lead to the expected high results. Experts summed up that employers should "temper expectations for obtaining a high return on investment in this project in the short term." For the first…



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