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FINANCE: Cyprus to pay off Russian loan earlier than expected

Cyprus is to make an early repayment in full of a €2.5 bln Russian loan secured during the financial crisis which has a remaining balance of €1.5 bln that expires in 2021.

20th August 2019
Business

MARKETS: Risk sentiment revived by stimulus hopes… but for how long?

By Lukman Otunuga, Senior Research Analyst at FXTM A sense of positivity is sweeping across financial markets on Tuesday amid signs of progress in trade negotiations and hopes of stimulus in major

20th August 2019
Business

Sterling has taken a pounding – don’t go down with it

. The ill winds of Brexit sent Sterling into stormy waters and it has taken a further battering since Boris Johnson became prime minister. The British currency has fallen against the euro

20th August 2019
Comment

ENERGY: US urges Turkey to immediately stop drilling off Cyprus

Washington said the activities of Turkish drillship Yavuz are unlawful and urged Ankara to cease them immediately and remove the drillship from the Republic of Cyprus’ territorial waters. A US State Department

20th August 2019
Cyprus

DEFENCE: Cyprus and France conduct Joint Search and Rescue exercise

A joint Search and Rescue Exercise was conducted on Monday off the island’s coast with the participation of SAR Units and personnel of the Republic of Cyprus and France. The French Destroyer

20th August 2019
Cyprus

TRAVEL: Number of Cyprus residents taking a foreign trip on the rise

A small 1.1% increase was recorded in the number of Cyprus residents returning from a trip abroad in July compared to last year with Greece the most popular destination. According to the

19th August 2019
Business

TOURISM: Cyprus records best ever July for tourist arrivals

An influx of British and Israeli tourists helped Cyprus set a new record for its best ever month for arrivals in July with over 550,000 visitors, official data indicated on Monday. The

19th August 2019
Cyprus

WEATHER: Storms hit sunny Cyprus, cause power cuts

Rain and stormy weather in the Nicosia suburbs and surrounding villages outside the capital experienced power cuts due to bad weather prevailing over the island on Monday afternoon. According to an announcement

19th August 2019
Cyprus

POLITICS: Cyprus and North Macedonia to establish diplomatic relations

The Foreign Ministers of Cyprus and North Macedonia, Nikos Christodoulides and Nikola Dimitrov, are expected to sign at the end of August an agreement that will establish diplomatic relations between the two

19th August 2019
Cyprus

FINANCE: Cyprus banks discouraging customers from visiting branches

Banks appear to be discouraging customers from turning up at their branches to conduct their business by introducing more fees and increasing existing ones as they would prefer you to go online.

19th August 2019
Business
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Latest News

  • The EU’s action plan for affordable energy
  • WTI wobbles at $62.20 with US NFP on horizon
  • Markets await NFP, avoiding Trump-Musk drama
  • As stocks hit record highs, deVere boss warns of complacency
  • Discipline, governance needed to build a resilient balance sheet

Latest Comment

6th June 2025

The EU’s action plan for affordable energy

4th June 2025

Discipline, governance needed to build a resilient balance sheet

25th May 2025

Gas will be around for quite longer

24th May 2025

Natgas back on the EU agenda

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The EU’s action plan for affordable energy

By Anthi Charalambous At a time of high energy volatility,

WTI wobbles at $62.20 with US NFP on horizon

West Texas Intermediate futures on NYMEX, trade sideways around $62.20

Markets await NFP, avoiding Trump-Musk drama

Financial markets remain relatively quiet early Friday as investors move

As stocks hit record highs, deVere boss warns of complacency

Markets have powered to all-time highs, with the MSCI All-Country

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