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DEFENCE: Turkey receives first delivery of S400 Russian missile system

Turkey has received delivery of the Russian S-400 missile system to be completed over the following days despite warnings from Washington not to do so. The first delivery of the system’s components

12th July 2019
Cyprus

ENVIRONMENT: Bird trappers feel the legal heat in Cyprus

A British Bases (SBA) court in Cyprus has handed out sentences to four bird trappers caught on covert cameras in the Dhekelia SBA during 2018. The convicted trappers were fined, while three

12th July 2019
Cyprus

FINANCE: Cyprus credit card spending spikes 20% to EUR 1.7 bln H1 2019

Cyprus credit card transactions during the first six months of 2019 increased 20% compared to the same period last year, reflecting a recovery in consumption. In the first six months (January to

12th July 2019
Business

Security tops energy, Cyprus conundrum headache for NATO

. After months of accusations, unilateral steps and increased tension, Europe’s southern flank, the East Mediterranean is heading to become a conflict zone. The offshore gas success stories of Egypt, Israel and

11th July 2019
Comment

CYPRUS: Attendance at football games was down 40% last season

Last season Cypriot football crowds dwindled by 40% compared to attendances the previous year, with ticket sales plunging from 414,651 to 259,722, according to Cyprus Football Association data. All clubs saw their

11th July 2019
Cyprus

CYPRUS: Leaders pick up phone to launch telecoms network across divide

Cypriot leaders who haven’t held peace talks for two years picked up the phone on Thursday to launch the divided island’s first interoperable mobile phone network to enhance people to people contact.

11th July 2019
Cyprus

MARKETS: Fed’s Powell gives green light to interest rate cut

By Hussein Sayed, Chief Market Strategist at FXTM The S&P 500 reached a new milestone with an all-time high on Wednesday breaking above 3000 for the first time ever as during his

11th July 2019
Business

ENERGY: EU to halt talks and funding over Turkey drills off Cyprus

Brussels will shelve high-level talks with Ankara and negotiations on an air transport deal, as well as freezing funding for Turkey next year, over illegal drilling for gas and oil off Cyprus,

11th July 2019
Cyprus

CYPRUS: UN chief says keeping UNFICYP mandate is ‘essential’

UN Secretary General Antonio Guterres has recommended that the Security Council extends UNFICYP’s mandate until January 31, 2020 in recognition of its continued contribution to the maintenance of peace and stability. On

11th July 2019
Cyprus

CYPRUS: Power unit out of order for three years costing consumers millions

An Electricity Authority Cyprus production unit which has been out of order for three years is costing consumers close to €2 mln more each month. Unit 3 at EAC’s Vassiliko power plant

11th July 2019
Business
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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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