Micro News

Singapore, like most countries in Southeast Asia has been suffering from the slowdown of the Chinese economy. This dependence has been observed: when China's GDP declines by 1% this consequently leads to a decrease in Singapore's GDP by 1.2%. This is due to the fact that about 15% of Singapore's exports…


The sad fate of Cyprus FBME

Despite the best efforts of the Tanzanian Bank FBME to save their Cypriot subdivision, unfortunately it will not be saved. The Central Bank of Cyprus have stuck to their positions and will take all necessary measures to close the bank. Not long ago, the bank's management filed a lawsuit with Cyprus…


The Chinese Company COSCO Shipping is currently the fourth largest in the world for the number of chartered vessels it holds has recently acquired a 51% stake in the largest Greek port of Piraeus for 280 million euros. Apparently, the Chinese want to change the delivery of cargo to Europe to go through…


In Northern Cyprus authorities of the unrecognized Turkish Republic decided to increase the number of its citizens. It is supposed to "legalize" some 30,000 Turkish settlers to the Cyprus association. It is planned to give out about 500 passports per month. This fact is very annoying Greek Cypriots,…


Limassol police recently caught large quantities of cocaine. The "Catch" amounted to approximately 142 kilograms. The quality of the goods was recorded to be 84%. The hearing in Limassol court will be held in October 2016. The accused are Cypriot and Ukrainian. The “Goods” were imported by a Cypriot…


The demand for Cyprus property returns

Cyprus property is growing in popularity again after a 5 year slump. The number of transactions carried out by foreigners on Cyprus real estate sites increased by 12% over the first 7 months 2016, compared to the previous year which amounted to a total of just under 900 sales transactions during the…


Cyprus has seen a tightening of the rules and regulations within the Forex market including Cypriot investment companies. In 2015, CySEC (Securities Commission of Cyprus) fined 14 investment companies a total amount in excess of €2 million. Moreover, 2 Directors of Cypriot investment companies were punished…


Reforms in Cyprus

The Cyprus Government have once again made an appeal to Parliament to consider and adopt the draft legislation on the Civil Servants of Cyprus, aimed at raising the sovereign rating of Cyprus and reducing the cost of borrowing on the international market. In August 2016, the cost of borrowing for Cypriot…



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