Micro News

Surcharges for roaming in Europe stops

The roaming’s surcharges in Europe stops from 15th June. Up to this date travelers through the EU countries are being charged fee for the using the mobile phone: €0.19 per minute for outgoing calls, €0.06 per each SMS, €0.20 per MB of Mobile Internet and €0.05 per minute for incoming calls. These figures…


Greeks seeks work in Cyprus again

Due to the growing uncertainty in Greece, citizens have to seek working in neighboring States. Official statistics shows that the number of Greek employees in the Cyprus’s companies is growing rapidly. This fact is based on the stabilization of the economic situation in Cyprus in 2016. Mostly, Greeks…


IEF (International Economic Forum) has assessed the effectiveness of the judicial system in Cyprus. By the decision of the EU’s Commission last Monday, the Cypriot justice system remains very poor, as evidenced by the reality that not all legal decisions were brought to a close. Previously, the state…


Cyprus is not ready for tourist season

Currently, Cyprus hotels and restaurants are not ready to receive tourists, tourism numbers are growing year on year. This is due to the tourism industry inadequate supply of suitable qualified employees. Those employees with potential to enhance their qualifications and expertise, do not seek only seasonal…


A Greek branch of the Bank of Cyprus (BoC) has been accused of “fraudulent conduct” in relation to 24 holders of securities of the Bank. Defrauded customers require compensation relating to their huge losses which were incurred in connection with this investment. The Athens Court ruled that BoC employees…


THE IMF has finally decided to release the next US $1B loan payment to Ukraine, which had previously been postponed following the embargo imposed in the east of the country, the Ukrainian President Mr Petro Poroshenko said earlier this week. He stated the grant was “another sign of the reforms taking…


Germany's second-largest bank, Commerzbank AG has released a statement informing the Working Council that just under 8,000  jobs will be cut in Germany as part of a business reorganisation that was originally publicised in 2016. Last September the bank had announced plans to axe closer to 10,000 jobs,…


Out of 106 countries with enough data to analyse security, Cyprus come in 5th place worldwide as the safest country to live in, and an impressive first place with a population under 5 million. The key factors taken into account to decide the figures were: CO2 emissions, average life expectancy, national…


The Irish tax regime has come in first place, with 73% of UK companies choosing it as one of their top three most favourable jurisdictions in which to invest in. The UK maintained its place in second with 65% singling out the country followed at third by Luxembourg with 42%. The UK has lost ground to…



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