Micro News

The Paradise Papers, the new data that has been leaked from the Appleby law firm based in Bermuda, shows that Cyprus has played a small role in efforts by world politicians, major companies, celebrities and entrepreneurs to avoid paying taxes or to conceal their wealth. The most recent portion of 13.4…


According to the Chinese Embassy in France, a Chinese tour group was attacked and robbed in Paris by four assailants who were armed with tear gas in the early evening on Thursday. The newspaper, Le Parisien, states that the 40 tourists had just returned from a shopping trip and were crowding around…


The number of bombs placed under cars and outside homes in Cyprus is rapidly increasing. This is in light of the recent car bomb which killed Daphne Caruana Galizia, a 53-year-old investigative journalist, in Mal ta two weeks ago. According to Deputy Police Spokesman, Stelios Stylianou, the bombs in…


On Friday the 3rd of November, Interior Minister, Constantinos Petrides unveiled a new bill that is anticipated to make it easier for larger developments to obtain permits. The initiation of the strategy depends on the approval of another piece of legislation which would provide for the establishment…


The Parliament in Cyprus has recently approved a bill which will impose 19% VAT on the sale of construction land. This bill now complies with an EU condition; 10 years after the original deadline. The new legislation will come into effect as of the 2nd of January 2018. The law should have come into…


The 10 years of stagnation that followed the 2007-2008 global financial crisis has led UK government officials and decision makers to the realisation that the economy needs a new strategic direction. After the crisis, a so-called productivity crisis has unraveled as productivity rates have also plummeted.…


UK: big supermarket giants? Not anymore!

While sales of Vegetarian meals, strawberries and berries used to be the forerunners of popular consumption in the UK, these food items are constantly decreasing. Long opening hours allows more than the half the British public to visit supermarkets daily while one in ten are buying the necessities for…


On the 1st of November 2017, Mick Davies, 57, a Singapore citizen and business tycoon once ranked by Forbes as the richest men in China was arrested for entering Singapore using a forged Hong Kong passport as he felt that he was “suddenly in fear for his life". After being in China for 3 months from…


Singapore has a very friendly startup environment and startups have been flourished in the last few years. A startup technology employee receives a satisfying salary, approximately $38,000-$59,000, depending on their experience. Many companies offer an attractive package of perks, including fast-growth…


In the face of recent comments of money laundering schemes in the island, it must be noted that Cyprus has one of the most sound anti-money laundering and counter-terrorism financing regulations in the world. Cyprus complies with the US Foreign Account Tax Compliance Act (FATCA) and was among the first…



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