Micro News

Micro News

The UK government has confirmed that they will embrace sweeping European laws designed to tackle money laundering and terrorism. This new move has the potential to unmask the beneficiaries of thousands of secretive trusts for the very first time. The government will take on the fifth EU anti-money…


CIPA (Cyprus Investment Promotion Agency) launched the Cyprus start-up visa programme in Asia at the largest start-up conference, actively promoting Cyprus as an appealing destination for start-ups in Asia. Following this, the programme permits entrepreneurs from third countries, outside of the EU and…


Sofitel is due to build a 5-star resort in Limassol, investing EUR €300m in the island. The worldwide luxury hotel chain will build the hotel situated around the Aoratoi beach in Pyrgos, Limassol with uninterrupted views of the Mediterranean, which will stretch across some 100,000 square metres with…


Debenhams Renounce Cash Crunch Issue

According to sources, Debenhams was facing a “cash crunch” due to some credit insurers had tightened their requirements for Debenhams suppliers. The retailer stated that its relationship with credit insurers was valuable and all were continuing to offer cover to its suppliers. Following this, the suppliers…


According to the European Banking Authority (EBA), Cyprus’ ratio of non-performing loans in the construction and real estate industry continue to be amongst the highest in the European Union (EU) and the European Economic Area (EEA). Nearly a decade after the 2008 real estate bubble burst, the non-performing…


EU And ASEAN To Reignite Trade Deal Talks

According to Singapore Prime Minister Lee Hsien Loong the EU and ASEAN have agreed to reignite the process of initiating a Free Trade Agreement (FTA) between them. As the future ASEAN coordinator for ASEAN-EU relations, Mr Lee went on to say that Singapore hopes to create a framework to identify areas…


‘Golden visa’ applications rise by 46% in the year irrespective of the government clampdown. The increase relates to the number of the international super-rich prepared to invest GBP £2m for the benefit of working and living in the UK. UK Prime Minister Theresa May issuing the end to a wealthy visa…



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