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CYPRUS EDITORIAL: Too many cooks spoil the energy broth

. One can only wonder how the government machine works in Cyprus when everything comes to a halt caused by a multitude of strikes (state doctors, ports, electricity authority), most of the

19th October 2019
Comment

CYPRUS: Hoteliers fuming over red tape and Airbnb bill

Hoteliers are fuming over having to jump obstacles created by state bureaucracy and legislators while trying to recover from the multi-million loss caused by the collapse of tour giant Thomas Cook.  

19th October 2019
Business

MUSIC: Celine Dion to play first ever Cyprus concert in 2020

Melco is backing Celine Dion’s first ever Cyprus concert as the event’s main sponsor as it commits to bringing world-class entertainment to the region. The award-winning French-Canadian singer’s “Celine Dion Courage World

18th October 2019
Cyprus

ECONOMY: Changes in how staff are paid by Cyprus banks “inevitable”””

A change in pay policy for local bank staff is unavoidable and management needs to engage with the unions on this issue, new Bank of Cyprus CEO Panicos Nicolaou argues. “The banks

18th October 2019
Business

CYPRUS: Strangely-shaped benches cause social media storm

Tens of thousands of euros have been spent on 6 water fountains and 38 benches — supposedly resembling raindrops but look like torpedoes — being installed in Nicosia’s new Eleftheria Square. Public

18th October 2019
Cyprus

CYPRUS: Russian tourists help push arrivals up to record level for September

Cyprus tourist arrivals, boosted by Russian and Israeli holidaymakers, hit a new record high for September with 524,707 visitors, improving 0.9% on the previous year. It was the highest volume of tourist

18th October 2019
Cyprus

MARKETS: Asian stocks lower after China economic data release

By Han Tan, Market Analyst at FXTM Most Asian stocks were lower early Friday, after China’s Q3 GDP came in slightly below market expectations at 6%. September industrial production growth far exceeded

18th October 2019
Business

CYPRUS: Cypriot MP calls for answers in Cambodia cash for passports claim

A Cypriot anti-corruption MP took to social media calling out the government over allegations that allies of Cambodia’s ruler obtained Cyprus EU passports for cash under a maligned investment scheme. Opposition communist

17th October 2019
Cyprus

DEFENCE: Greek fighter jets take part in Cyprus military exercise

A Cyprus military exercise, dubbed Steel Arrow, took place in Larnaca on Thursday with the participation of National Guard helicopters and artillery as Greek F-16 fighter jets flew over. Cyprus Defence Minister

17th October 2019
Cyprus

CYPRUS: Hotels say delays in new criteria undermines recovery

Cyprus hoteliers are complaining over a long delay by the Legal Service in examining the bill on criteria for a new ranking system for hotels and tourist accommodation. As a result, hotels

17th October 2019
Business
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  • 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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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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