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CYPRUS: New routes and 300,000 seats added to winter flight schedule

There will be an increase of over 300,000 seats (or 9%) in this winter’s flight schedule compared to the 2018-2019 season, Cyprus airports operator, Hermes Airports announced. The news comes after the

24th October 2019
Cyprus

MARKETS: S&P 500 nears record highs, traders monitor European developments

By Hussein Sayed, Chief Market Strategist at FXTM Markets in Asia were slightly higher Thursday morning as the S&P 500 managed to close back above the 3,000 psychological level on Wednesday. The

24th October 2019
Business

MARKETS: Pound’s fall mitigated, Brexit uncertainties set to drag on

By Han Tan, Market Analyst at FXTM Asian stocks are mostly lower Wednesday after US equities posted declines, as Brexit risks took hold of market sentiment in the absence of other major

23rd October 2019
Business

ECONOMY: Cyprus to probe Cambodia cash-for-passports case

Cyprus said on Wednesday it will investigate recent reports that family members and allies of Cambodia’s long-time Prime Minister Hun Sen had obtained Cypriot EU passports under a citizenship-for-investment scheme. “There will

23rd October 2019
Cyprus

ECONOMY: Majority of part-time staff in Cyprus want more work

Some 8 million part-time workers in the EU would prefer to work more, including 52% of part-time staff in Cyprus feeling underemployed. Cyprus was only behind Greece (70%) in the proportion of

23rd October 2019
Business

CYPRUS: Minister warns care needed in handling toxic loans and new health system

Cyprus Finance Minister Harris Georgiades warned the three outstanding issues that must be dealt with are elimination of non-performing loans, a pending court decision on civil service salary cuts and the sustainability

23rd October 2019
Business

CYPRUS: UN envoy to return in November to break the ice

UN envoy Jane Holl Lute will visit Cyprus in November to prepare the groundwork for a meeting of UN Secretary General Antonio Guterres with Cypriot leaders expected to take place at the

23rd October 2019
Cyprus

CYPRUS: Airbnb type accommodations to be regulated

Cyprus MPs are to vote on a legal framework regulating the licensing of short-term rentals through online Airbnb-type platforms, bringing an end to unlicensed accommodations being rented out to tourists. The draft

23rd October 2019
Business

EUROPE: Inability to end Cyprus divide among Juncker’s regrets as term ends

Outgoing European Commission President Jean-Claude Juncker said he lists the inability to solve the Cyprus issue among the key moments of disappointment during his five-year tenure. Presenting his end-of-term assessment before the

22nd October 2019
Cyprus

ENERGY: Crete-Athens electricity cable falls behind schedule

The Crete-Attica interconnection project, a section of the subsea electricity link that was taken away from the Cyprus developer and handed to a Chinese-controlled entity, has already fallen behind schedule. Manos Manousakis,

22nd October 2019
Cyprus
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Latest News

  • WTI hits 6-week high of $86, as supply concerns rise
  • WTI rally slows down as Tehran leaves door open to diplomacy
  • Cyprus NPLs drop marginally to €830 mln
  • Gold under pressure on inflation, Iraq supplies, Iran crisis
  • Burnham should keep Miliband “out of the Treasury”

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Popular

WTI hits 6-week high of $86, as supply concerns rise

Oil prices continue rallying on Wednesday as hostilities in Iran

WTI rally slows down as Tehran leaves door open to diplomacy

West Texas Intermediate traded around $81.30 on Monday, down 0.54%

Cyprus NPLs drop marginally to €830 mln

Non-performing loans in Cyprus remained almost unchanged at €830 mln

Gold under pressure on inflation, Iraq supplies, Iran crisis

Gold is down 0.7% to near $4,030 in European trading

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