Micro News

Micro News

The European Parliament called on EU member states to take decisive action to counter money-laundering by ceasing to issue visas and passports under the naturalisation program, which operate in several countries, including Cyprus. However, according to experts, such a move could cause billions of dollars…


Ford Motor Company to Leave Russian Market

Recently it became known that major car manufacturer, Ford Motor Company, will stop its production in the Russian Federation. Representatives of the company reported the closure of two factories for the assembly and a factory for the production of engines in Russia, resulting in losses incurring in…


According to a study conducted by the Organisation for Economic Cooperation and Development (OECD), most Europeans want rich people to pay taxes at an incremental rate. The survey was conducted in 21 European countries. As it turned out, in wealthy countries people support the idea to tax the rich more…


As a result of the European Council meeting held on March 21st-22nd 2019, it became known that in April the EU would discuss a defensive strategy towards China. On Thursday, March 21st, leaders of 27 European countries met to discuss Brexit. The next day they focused on the economy and the upcoming…


According to the Ministry of Manpower of Singapore (MOM), the total vacancy rate for specialists, managers, executives and technicians rose from 48.5% in 2017 to 53% in 2018. The largest number of vacancies appeared in the sphere of professional, financial and insurance services as well as information…


Official letters were sent to Barbados, Belize, Curaçao, Mauritius, Saint Lucia and the Seychelles with a request to stop using unfavorable tax practices in accordance with the provisions of the EU Code of Conduct on Business Taxation. It was recommended to amend the conditions for the provision of certain…


The Financial Services Authority of Malta has published a document outlining the essence of the new approach towards regulatory legal framework aimed at combating money laundering. The document also contains information on the implementation of the national strategy regarding the issues of authorisation…


Following pressure from the European Union and the OECD, the government of Cyprus was forced to make changes regarding the scheme for obtaining citizenship through investment. In future applicants will have to undergo a personal data check carried out by companies specialised in this field. They must…



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