Micro News

The Labour Ministry is now hoping to get employers to disclose their undeclared employees. Labour Minister Zeta Emilianidou states that Cyprus currently holds a rate of 15.4% of undeclared work within the labour market, however she believes that this figure is not fully representative of the problem. The…


Eurofound, the EU Agency for the Improvement of Living and Working Conditions, have released a social mobility report that demonstrates that Cyprus is one of the EU countries that has changed the most in recent years. This is in regards to the transition from agriculture to manufacturing and the services…


According to the 11th edition of the Global Peace Index which was launched by the Institution for Economics and Peace, Cyprus now ranks 64th out of 163 independent countries and territories, when compared to the 2016 index. This means that Cyprus rose 7 places in the peace list due to the report accumulating…


The total number of property transactions increased by 20% from January to July to 4,349 and July saw a boost of an annual 18% to 739 property sales. Limassol attracted many foreign buyers to the market through the visa and naturalisation schemes which lead to a total of 165 foreign property buyers.…


The number of company registrations increased to an annual 1.2% last month. According to the Department of Registrar of Companies and Official Receiver, this amounted to a total of 1,304 start-up companies and company registrations also rose 1.3% to 7,750 from January to July. Essentially, the number…


According to the amended Passport Index, Cypriot passports have a power rank of 12 and also, received an Individual Power Rank of 37 internationally. Cypriot passports stand to be one of the strongest in the world, as passport holders are capable to travel to nearly 150 different countries without requiring…


Cyprus: 70% of Crimes Now Solved

According to the Cypriot police, nearly 70% of crimes committed in the first half of the year have now been solved.


The Belt and Road Initiative was revealed in 2013 and it aims at constructing an up and coming “Silk Road”. This would connect China by land and sea to Central Asia, Southeast Asia and Pakistan, and even beyond to Europe, Africa and the Middle East.


India: Cracks Down on Shell Companies

The Indian government has noticed a rapid wave in shell companies which were depositing cash in banks, apparently in an attempt to hide who owned that wealth. This is following the surprising ban of high denomination currency bills last year by India’s Prime Minister, Narendra Modi. According to Modi’s…



Cyprus:
+357 25 02 50 34
Singapore:
+65 62 47 71 92
Russia:
+7 812 458 46 22
Skype:
eltoma.0015