Micro News

Limassol: High Rise Development Projects

A cabinet approval for the construction of two buildings near the coast which is contrary to a court decision on how it will impact on local residents, is currently evaluated by Limassol municipality. This case concerns Blue Marine project of 300 million Euros. An undertaken investment by Leptos Estates,…


In October tourism revenue increased by 4.2% to €277.1 million, while the number of tourists increased by 14%, Cystat reported on Friday. The lower growth rate of income compared to the increase in the number of arrivals was mainly due to the reduction in the vacation budget to €681.05, which was accompanied…


Impact of Brexit on the job market

Despite the repeated news about Deutsche Bank moving 4,000 jobs from the U.K. to Germany, the CEO maintains the opposite, publicly stating that the announcement of moving 4,000 jobs to Germany is far too high and in reality, the move will involve much fewer jobs and will encompass a big amount of job…


A big threat to such needed reforms is growth, which facilitates pressure on European politicians to take measures to prevent a future crisis. It is expected that the economic level in the Eurozone will be high for almost the next two decades however is likely to have an undesirable effect. Experts…


Wealthy citizens of the Russian Federation are increasingly changing their tax residency - more than half of them are afraid of information disclosure about foreign assets. According to experts, this is provoked by the OECD requirements for the beginning of the tax data exchange. According to the sources…


A casino complex expected to be the largest in Europe is set to begin operations by 2021 in Cyprus. According to officials, this will give a significant boost to the Cypriot economy. Moreover, the President of Cyprus, Nicos Anastasiades, has stated that the casino complex will have a great impact on…



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