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CYPRUS: Stay away Russian tourists triggers 0.3% dip in June arrivals

As Cyprus struggles to match last year’s record of nearly 4 million tourist arrivals a fall from second largest market Russia has seen overall numbers drop in 2019. In June tourist arrivals

19th July 2019
Cyprus

FINANCE: CySEC and certified accountants sign MoU to fight money laundering

The Cyprus Securities and Exchange Commission (CySEC) and the Institute of Certified Public Accountants of Cyprus (ICPAC) signed MoU to tackle money laundering and terrorist financing. “On the basis of this MoU,

19th July 2019
Business

EUROPE: Cyprus has the lowest infant mortality rate in EU

Cyprus has the lowest infant mortality rate in the EU with 1.3 deaths per 1000 live births compared to the highest of 6.7. The highest infant mortality rates in the EU were

19th July 2019
Cyprus

MARKETS: Asian, US stocks rise as ‘swift’ Fed stimulus expected

By Han Tan, Market Analyst at FXTM Asian stocks are taking their cue from US counterparts to push higher, after Fed officials appeared to call for US monetary policy stimulus in the

19th July 2019
Business

CYPRUS: Man jailed for hit-and-run death of British tourist

A 35-year-old man was jailed by a Cyprus court for two-and-a-half years on Thursday for reckless driving in the hit-and-run death of a British tourist in the Cypriot resort of Paphos in

18th July 2019
Cyprus

ENERGY: Cyprus eyes 10 drills over the next two years

Energy Minister George Lakkotrypis said that over the next two years five exploratory and five confirmatory gas drills will be carried out in licensed blocks of Cyprus’ exclusive economic zone (EEZ). He

18th July 2019
Business

CYPRUS: Nicosia ready for international conference to kick-start peace push

Cyprus President Nicos Anastasiades is ready to meet Turkish Cypriot leader Mustafa Akinci at an informal conference involving the UN, EU, UK, Greece and Turkey to reignite peace talks.  Anastasiades supports the

18th July 2019
Cyprus

CYPRUS: 12 Israeli tourists detained over alleged rape of British teenager

Twelve Israeli tourists were remanded in Cyprus police custody on Thursday as the authorities investigate claims by a British teenager she was gang raped at her hotel in the popular holiday resort

18th July 2019
Cyprus

DIPLOMACY: UK Cypriots celebrate outgoing Cyprus High Commissioner

UK Cypriots bid farewell to the outgoing Cyprus High Commissioner at a banquet in London, describing Evripides Evriviades as “a protector of the rights of the Cypriot people and a great friend

18th July 2019
Cyprus

ENERGY: Germany urges Turkey to refrain from illegal Cyprus drills

Germany has called on Turkey to avoid escalation of tensions and refrain from illegal drilling activity off Cyprus. German Foreign Ministry deputy spokesman Christofer Burger said: “We are monitoring developments in the

18th July 2019
Cyprus
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Dollar could tumble, investors brace for major shift

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Dollar picking up ahead of PCE inflation data

The euro-dollar currency pair extended its reversal from Thursday’s highs,

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