Micro News

Vietnamese Prime Minister Nguyen Phuc visited the White House this week to meet with US President Donald Trump for discussing trade deals. Both parties welcomed the signing of several billion dollars business contracts and bring huge revenue for both economies as a result of the new jobs they would bring.…


Cyprus currently has an inactive law whereby omitting to vote in general elections supposedly results in a €340 fine. Finally the Cyprus cabinet passed a bill abolishing compulsory voting, which still needs to be approved by parliament. Government Officials have predicted that the bill will not decrease…


Last week in Nicosia, Cyprus signed a double taxation treaty (DTT) regarding income taxes with San Marino, the finance ministry reported. The agreement was signed by the Cyprus Minister of Foreign Affairs together with a Sammarinese Official, and is hoped will further bilateral relations developing trade,…


Things are still not looking good for Hellenic Bank’s future after reports online emerged that the lender generated further losses totaling €10.5m in 2017 Q1, against a €64 million loss in the last quarter of 2016, and minimal net profits for the entire financial year. The first quarter loss was attributable…


Irena Georgiadou has resigned from her position as Chairwoman at Hellenic Bank, a role she has carried out since 2014. Her former role was Chief Advisor to Finance Minister Harris Georgiades and announced her decision to stand down at the lender’s AGM (annual general meeting) this week. Her decision…


The Democratic Rally (DISY), the current majority ruling party in Cyprus and socialist party EDEK have come together to draft a legislative proposal which will allow for a blanket exemption of CGT (Capital Gains Tax) until the end of 2018. They hope to offset the impending imposition of a 19% VAT rate…


The European Union will offer to protect the welfare and human rights of UK citizens who currently live in other EU countries, such as Cyprus after the Brexit deals come into force. The UK will hold talks with the EU next month to start negotiations on important matters such as trade, freedom of movement…



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