Micro News

Cyprus Ministers are often in Moscow

The Cyprus Minister of Education and Culture arrived in Russia to discuss the mutual recognition of higher and secondary education. The Ministry of Foreign Affairs will also visit Moscow. During the official visit, he intends to discuss Cyprus issues as well as Russian-EU relations. Cyprus will undertake…


The US presidential race final straight

This morning I was watching the Presidential debate on TV. Nothing new for me, but I was bewildered by something quite different. The candidates are about 70 years old! The pace and tension of the debate is insane. How do they manage to stand it? Many young people under 30 whom I know, break from even…


The banks were thereby sentenced for being involved in the scandal with 1Malaysia Development Berhad - the funds illegally transferred from this government development company had been found on their accounts. As a reminder, several Malaysian high-ranking officials are suspected to have plundered US$4Bn…


HSBC used to have presence in 150 countries. Now this number has been reduced to 50. The Bank is going to remain in London, New York, Singapore, Hong Kong and Geneva. What explains HSBC’s closing in other countries is the ongoing fight against tax evasion that boils down to innumerable scandals and penalties…


ECB is taking unprecedented decisions to maintain the EU economic stimulus. The refinancing rate remained at zero, and asset purchases currently stand at 80 billion euros a month. Nevertheless, the general EU forecasts are unpromising. Brexit makes the economic outlook worse, since the UK economy is…


A large fine has been imposed on the Bank of Cyprus by the Securities Commission following an audit investigation into the acquisition of a Russian Bank based in Cyprus in 2008. In 2015, the Bank was sold for US $ 7 million. The President of Cyprus who tested the Russian Bank, contends that the Bank…



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