31 January 2018

2017 was a year of profound change in home and foreign policy of the Republic of Cyprus. The government signed a memorandum of understanding with Greece, Italy and Israel to support the construction of the East Med gas pipeline, which is to connect new fields in the region with the rest of Europe and as planned should extend over 2,000 km passing through Israel’s Leviathan and Cypriot Aphrodite fields and reaching Greece and Italy.

25 December 2017

Most offshore businesses belong to the US and the UK elites, rather than Russians. Last month, the International Consortium of Investigative Journalism (ICIJ) published a report through a number of international media on the offshore companies around the world.

24 November 2017

More than 300 toxic banks have already been driven from the market by the Central Bank of Russia, dozens are saved including two top-10 institutions. However, the country’s banking system, it turns out, is not doing fine so far: the regulator will have to reduce the number of financial organisations by half in the next four years, experts say.

27 October 2017

In a recent speech, the EC President Jean-Claude Juncker called for a strengthening of the EU, increasing its effectiveness despite the most serious challenges. In his opinion, there is good ground for this: the economic situation has improved, there is growth observed in all the member states, while the unemployment rates are at a nine-year low.

04 October 2017

The US Congress recently passed a law on the temporary increase of the national debt threshold. The new limit will allow public institutions to work only until December 8, while the Congress is working on the federal budget for 2018. In September, for the first time in history, the US public debt crossed the mark of USD 20 trillion.

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