Micro News

Micro News

Temporary casino opening soon in Limassol

A temporary casino is due to open in Limassol on the 28th of June since recently receiving its licence. CEO and chairman of the Melco Group, Lawrence Ho, stated that the temporary casino would be in place at the end of June following the main casino resort planned to be constructed in Zakaki, Limassol. The…


The UKs three principal criminal enforcement agencies have agreed a standard process for compensating victims of economic crime and corruption overseas. The following UK Governmental bodies will cooperate to ensure that the question of reimbursement is considered:  The Crown Prosecution Service. The…


The Qatari government have recently announced draft legislation that is currently awaiting statutory approval; allowing foreign investors from all sectors the ability to have sole ownership of company equity, instead of the current 49% limit being upheld over foreign investment at the moment. The draft…


Cyprus Visa Centres Opening in the UK

Due to the fact that 2 years ago, UK residents voted for withdrawal from the European Union, this month the Cyprus embassy, with the participation of VFS Global, opened four visa centres on the territory of the United Kingdom. To date, visa centres have appeared in London, Manchester, Edinburgh and Cardiff. Representative…


The EU may file a lawsuit to the European Court of Justice against the Government of Cyprus because of the island omission in taking appropriate actions to implement the EU Directive 92/43 / ECC relating to environmental goals. The claim will be filed if Cyprus does not take appropriate measures within…


"The Cyprus police do not cope with the organised crime in the region" has been quite a popular opinion in the country at the moment. Over the past few weeks a series of tragic events have occurred: a double murders in Strovolos, a shootout in Ypsonas in which a policeman was seriously injured whereby…


European governments are considering the new anti-money laundering regulations. More stingent precautionary measures were caused by alleged law violations at two banks. The need for new regulations was caused by the collapse of the Latvian bank ABLV in February and the freezing of operations at Pilatus…


Turkey: First Drilling Vessel Underway

The first Turkish drilling vessel Fatih, which is transferred from Turkish as a "conqueror", set off to the Mediterranean to start explorating of the gas field there. According to the Marine Traffic website, the approximate time of the exploration vessel arrival to the destination is June 3th. In his…


On Wednesday May 30th, China reacted to Washington's unexpected announcement that the US will pursue import duties and other restrictions on investments from Chinese companies. China said it was ready to fight back, if Washington intended to ignite the fires of a so-called trade war. On May 29th, the…



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