Micro News

“White collars” (Managers of all levels, Bankers, Auditors, Accountants, Tax Specialists, etc.) are the first to suffer from economic grievances, says the Labour Ministry of Singapore. Only 40% of those who lost their jobs or resigned found employment within the next 6 months. On the other hand, the…


This I can compare only to Singapore, Hong Kong, Cyprus, the UK, Russia and Ukraine. Each has their own idiosyncrasies. But to be honest, among those listed above, I associate Russia and Ukraine with the most difficulties in doing business. Russia astonishes me with its employment legislation and fire-fighting…


China Fortune Land Development has signed a contract with the Egyptian government to build a new city on Suez Canal. Under the contract, the Developer will build residential and corporate houses, and other relevant infrastructure projects. The total venture cost is estimated at about US$20Bn.


UK banks have started buying bitcoins to pay hackers for their e-services in case of cyber-attacks, the Guardian reports. Just recently, the website PayPal was destabilised with a similar hack. I remember working at Shell, and being told about Nigeria. Procurement ships always had  a “modest” US$20,000…


The EU enters the world arms race

A €4Bn fund has been created to finance military research. The financial burden will be borne by the European Union,  which has already started receiving signatures against it from several member states. The point is that the EU military expenses will need to employ cost cutting projects in other spheres.…


Russian tourists have also contributed to the improvement of tourism in Cyprus. Over 9 months in 2016, the influx of Russian tourists to Cyprus was up by 52% or 155,000 people from the same period a year earlier. The total number of Russian visitors in Cyprus within this period exceeded 400,000, while…


Compared to the financial state of the Greek side of Cyprus, which is widely known to have an external debt totaling €17.6Bn, the situation around finance on the Turkish side of the island is kept in the greatest secrecy by the government of the self-declared Turkish Republic of Northern Cyprus. The…



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