According to the amendments to the Companies Law of the Republic of Cyprus, the companies that have not paid the annual taxes will be deregistered in accordance with section 327 of the Companies Law.

The Board of Directors of HSBC unanimously decided to leave the bank's headquarters in London. Previously, the largest bank of the UK discussed the idea of moving to Hong Kong.

Latvian banks may be cut off from USD transactions because of suspicions of money laundering.

American strategic research institute The Heritage Foundation has published country rating by level of economic freedom. Since 1995 the rating reflects the economic changes around the world and assesses the business climate and policies of local governments in 186 countries. Rating of the Heritage Foundation is an authoritative tool for assessing of the investment attractiveness of a country.

The National Bank of Ukraine hosts a variety of legal acts that in one way or another limited and continues to limit the operations with currency for individuals and legal entities.

Finland's Finance Minister, Alexander Stubb, has agreed Finland needs lower taxes on labor, in response to a new Organisation for Economic Co-operation and Development (OECD) report.

Latvia's Ministry of Finance on January 28, 2016, signed an agreement with the World Bank aimed at reviewing the efficiency, competitiveness, revenue mobilization, and equity of the country's tax system.

Central Bank of Cyprus filed a petition No. 905/2015 in the District Court of Nicosia about the pronouncement of the order on the liquidation of the Bank and appointment of the special liquidator.

The BVI Business Companies (Amendment) Act, 2015 (the “Amendment Act”), which includes new requirements for the filing of director information with the BVI Registry, among other changes, was published on 31 December 2015. The Amendment Act came into force on 15 January 2016

Seim of Latvia has approved the bill which provides the imprisonment of the employer for up to two years or temporary imprisonment for reason payment of salaries which were not held in the accounting documents and if it was done in considerable volumes.