Micro News

The Central Bank of Cyprus released figures for last financial year, showing that household debt in Cyprus declined by an annual 3.7% in December of last year rendering the total amount close to a staggering €22B, as that of non-financial corporate tax increased by 5% to over €40B. Compared to economic…


Singapore has taken bold steps towards understanding why Intellectual Property is a strategic lever to promote and protect innovation within the city-state, and may create good, high-paying jobs. Innovation can be thought of as a concept that adds value to a business and the result of a procedure in…


US President Donald Trump is reviewing a potential breakup of large US banks. Mr Trump said that he was considering a “21st century” version of the 1933 Glass-Steagall Law that segragated consumer lending and investment banking however was repealed in 1999. “There’s some people that want to go back to…


A spokesperson has released a statement Hellenic Banks mentioning that current regulatory requirements for banks within in the EU are excessively harsh; which discourages investment into the local economy and the consolidation of the banking sector in Cyprus. Mr Ioannis Matsis is the banks’ Executive…


This week, the Cyprus Minister of Justice together with the Supreme Court made plans to establish a new commercial court as part of a scheme to modernise the legal and justice system in Cyprus.  In a published statement, the Minister stated the court would have precedence over contract claims or business…


Last week the Singapore Ministry of Education announced that 28 schools will be merged by 2019, in the latest response to the decreasing number of students.  A decision that has been painful but necessary the Minister of Education, Mr Ng Chee Meng has regretfully stated. The Minister added that he personally…


In light of the Cyprus–India Business Forum that was recently held in Mumbai; President Anastasiades attended in an attempt to encourage Indian investors to look to Cyprus as a potential jurisdiction to start new projects. The forum has been planned for quite some time, and organised chiefly by the Cyprus…



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