Micro News

The global transfer of major weapons systems rose over the past five years to the highest volume since the cold war era as the Middle East has nearly doubled its imports. The Stockholm International Peace Research Institute have stated that more weapons were delivered between the 2012 - 2016 period than…


The head of the Libyan national oil corporation has signed a major cooperation agreement with Russian oil giant Rosneft, which will effectively lay the groundwork for investment by Rosneft in Libya’s oil sector. The agreement envisages the establishment of a joint working committee of the two partners…


Evidence uncovered in 2016 has led to an FCA investigation into HSBC over potential breaches of money laundering regulations and terrorist financing. The evidence was made known after concerns raised last year by the anti-crime monitor installed in the online banking systems. The UK’s largest bank failed…


Paphos is further developing their individual town relations with Ukraine, which is an expanding tourist market in the municipality specifically, according to local officials. The Ambassador of Ukraine met with the Mayor of Paphos in Cyprus at Paphos town hall last week. A spokesman from the nominated…


A survey has revealed that over a third of UK employers have voiced concerns that their EU migrant workforce are considering leaving the country in 2017 in light of the referendum last year. The CIPD said official data showed firms who rely profoundly on members of other EU countries were struggling…


Lebanon owned Bank of Piraeus has appointed a new Board of Directors for its Cyprus branch. Mr Sehnaoui SAL recently acquired an 82% shareholding; while Mr Shadi Karam will be the Chairman of its new Board of Directors. The appointment of the new board follows a €40m capital increase carried out by the…


Total tourist arrivals in Cyprus rose by 29% compared to similar periods last year, with the majority coming from Russia, the latest statistics have revealed. Arrivals from the UK, conventionally Cyprus’s largest market of incoming tourism, rose by a mere 20% this year, compared to Russia, whose visitors…


The Cypriot ambassador has spoken out about his support for the involvement of Russian companies in the Cyprus energy market. The island is reliant on fossil fuel imports to meet its growing electricity requirements, and currently spends over 8% of its GDP to cover the cost. Until the recent meetings,…



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