Flow of Russian tourists in Cyprus will increase in 3 timesNovember 12, 2015After the Russian plane crash on 31 October, the President of Russian Federation signed a decree to suspend flights to Egypt until the determination of reasons, where he recommended to tour operators and tour agents to do not sell tickets. In connection to this, tourists, who have already bought tickets to Egypt, are offered to... Read more...Global forecasts decelerationNovember 10, 2015Organisation for Economic Co-operation and Development (OECD) changed global GDP forecasts from 3% to 2.9%, however, it should be increased by 3.3% and 3.6% in 2016 and 2017 respectively.... Read more...Awards of Cyprus BanksNovember 2, 2015On 29 October, Global Finance magazine has named Bank of Cyprus the best private bank in Cyprus. It is already a second award within this month.... Read more...FTS of Russia: black listOctober 29, 2015The Federal Tax Service (FTS) has prepared a list of companies to which tax payment rule spreads on controlled foreign companies.... Read more...Transaero stopped flyingOctober 26, 2015On 26 October, Russian airlines had stopped flying due air operator certificate revocation by Federal Air Transport Agency “Rosaviatsia”.... Read more...Cyprus can become China’s gateway to Europe, Africa and AsiaOctober 23, 2015Addressing the China-Cyprus business forum in Beijing, the president of the Republic of Cyprus Mr. Nicos Anastasiades, emphasized that Cyprus can become China’s gateway to Europe, Africa and Asia.... Read more...Casino in Cyprus: myth or realityOctober 21, 2015At the end of July 2015, the Parliament of South Cyprus has adopted the law about legalization of casinos. The tender started on 18 September and will last until 18 December 2015.... Read more...Deutsche Bank: radical restructuringOctober 20, 2015Deutsche Bank is one of the biggest German’s commercial bank, which has announced about company’s radical restructuring and fundamental reduction of the top executives.... Read more...Central Bank of Russia revoked the licences of three banksOctober 19, 2015On 16 of October, the Bank of Russia revoked licences of “Sotrudnichesvo”, “Lada-Credit” and “Lenoblbank” for conducting banking transactions.... Read more...New featured for business travellers from Booking.comOctober 16, 2015Popular online platform Booking.com launched features for business travellers by providing a free tool for the travel managers that allows making reservations on behalf of employees.... Read more...Germany: imposition the solidarity tax to aid refugeesOctober 15, 2015Germany denied information that Berlin together with European Commission would consider the imposition of the solidarity tax with refugees in the European Union.... Read more...China: exports and imports fell down in SeptemberOctober 14, 2015Since global demand of Chinese trade data decreased, China’s imports and exports fell down in the last month comparing with last year for 3.7% and 20.4% accordingly.... Read more...Singapore and UK – IP collaborationSeptember 28, 2015Memorandum of understanding (MOU) signed between Intellectual Property Office of Singapore (IPOS) and …... Read more...The Stock Market Index Collapse: a New Threat of a Crisis or Market Stabilisation?August 31, 2015The sharp decline of stock market indices is followed by a fall of financial and commodities markets. In the last week international stock…... Read more...21st July 2015 Marked the Beginning of Operations of the New Development Bank of BRICSAugust 31, 2015The New Development Bank of BRICS (BRICS NDB) began operations in Shanghai, as announced on 21st July 2015 by the official…... Read more...Cyprus Parliament Passes Amendments to its Tax LawsAugust 31, 2015In early July 2015, Nicos Anastasiades, the President of Cyprus, announced significant amendments to the country’s tax laws. The amendments are aimed at the continued restructuring of the Republic’s tax system and are…... Read more...
