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Interior Minister Socrates Hasikos said his ministry is looking to cut red tape in order to attract foreign investment.
NPR: Cyprus: Cash, Security Control For Banks Reopening
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Further complicating the situation is an apparent escalation of the wine trade war between the European Union and the U.S. Wending its way through Congress is a housekeeping bill that includes a caveat that would bury boutique imports under red tape by requiring certification from foreign governments and chemical analysis of wine.
FORBES: Magazine Article
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The suspected culprit is red-tape preventing U.S. educated foreign workers from living and working in this country.
FORBES: Obama To U.S. Tech Industry: Wait Your Turn For Immigration Reform
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Russia has, on paper, one of the most onerous banking regulatory regimes in the world, and the red tape is spooled out with gusto for foreign banks.
ECONOMIST: Russian banking
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Red tape from municipal and provincial governments gums up foreign investment, and the reduction in loans to cement and steel companies cuts all investment--including money for efficiency projects--to those industries.
FORBES: China's Power Problem
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The education ministry decided last year to hire foreign teachers to plug a severe shortfall in state schools but those already in the country struggle with red tape to qualify.
ECONOMIST: South Africa and immigration
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Following the plea from his family a senior official from the Foreign Office has told the Swansea East MP, Donald Anderson, the Government will intervene to cut through the red tape and return his body to his homeland.
BBC: NEWS | UK | Wales | South West Wales | Refugee murder: youth released