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ENVIRONMENT: Cyprus needs to get a grip of its waste management

Cyprus Environment Commissioner Ioanna Panayiotou said more needs to be done to encourage recycling and reduce waste through political action and a comprehensive plan to maximise resources. Addressing a Workshop on "Present

9th May 2019
Cyprus

CYPRUS: GDP to expand by around 3.5% in 2019 and 2020

The Cypriot economy is projected to grow at robust rates in 2019 and 2020, albeit at a somewhat slower pace than the growth rate of 3.9% registered last year, University of Cyprus

9th May 2019
Business

ECONOMY: Cyprus building permits increase in value and area covered

Building permits issued in the first two months of the year recorded an 8.63% increase compared to those issued in the same period in 2018. According to the Cyprus Statistical Services, the

8th May 2019
Business

ENERGY: UK parties decry Turkey’s ‘unacceptable’ illegal operations in Cyprus EEZ

Turkey’s incursion into Cyprus waters with the intent to drill for oil and gas was called an unacceptable act of aggression by UK Labour Party’s Shadow Peace and Disarmament Minister Fabian Hamilton.

8th May 2019
Cyprus

ECONOMY: Cyprus tourism revenue declines for first time in 10 months

Cyprus witnessed a marginal 0.6% dip in revenue from tourism in February, the first decline for 10 months, official data showed Wednesday. Tourism income slipped 0.6 per cent to 52.4 mln euros

8th May 2019
Business

Cyprus confronted by Sultan’s chess game needs regional security shield

. Turkey’s move to start drilling in the disputed Cyprus EEZ, which is recognized by the majority of the Western world, has put the simmering political-military crisis in the East Med region

8th May 2019
Comment

CYPPRUS: European Commission forecasts strong economic growth momentum

Cyprus economic growth is expected to remain strong, driven by domestic demand, but downside risks are on the rise, according to the European Commission’s Spring Economic Forecast. According to the forecast, Cyprus

8th May 2019
Business

ENERGY: Cyprus calls for international pressure on Turkey to remove ships from its waters

Cyprus President Nicos Anastasiades has called for international pressure to be exerted on Turkey to withdraw its ships from the island’s EEZ. “It is time for the UN, the big countries and

8th May 2019
Cyprus

CYPRUS: Revenue from ship management up 4.34% to EUR 528 mln in H2 2018

Revenue from the Cyprus ship management industry climbed 4.34% to €528 mln in the second half of 2018, compared with the first six months. Income was also up 11% compared with the

8th May 2019
Business

MARKETS: Keep watch on Lira and Rand; have investors under-priced Trump’s tariff threat?

By Lukman Otunuga, Research Analyst at FXTM     Smoke continues to linger across market sentiment following the smoke grenade President Trump launched over the weekend with the threat of adding further

7th May 2019
Business
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