Among highly indebted European sovereigns, Cyprus is most exposed to credit risks related to high household debt because it has a small economy, weak banking sector, and very elevated public and private
By Hussein Sayed, Chief Market Strategist at FXTM What was expected to be a muted trading week ahead of the Thanksgiving holiday in the U.S. turned out to be a massive selloff
Hellenic Bank sees Cyprus’ macroeconomic outlook as positive projecting baseline GDP growth at 4% this year and 3.9% in 2019. In its economic review, the bank says that “the recovery phase has
. There was a sigh of relief from the expat community when, in April 2016, a bill was passed making cremation legal in Cyprus. Since cremation doesn’t figure in the Cypriot culture,
A rare 1,600-year-old mosaic has finally returned to its home in Cyprus, more than four decades after it was looted from a church, Cypriot authorities said Tuesday. “The mosaic of Apostle Mark…has
By Lukman Otunuga, Research Analyst at FXTM The threat of British Prime Minister Theresa May possibly facing a no-confidence vote in her leadership will heavily influence the Pound this week. Sterling has
President Nicos Anastasiades has not ruled out NATO replacing the security guarantees that are a stumbling block in stalled Cyprus reunification talks. When asked by journalists if there were any thoughts to
Investment Funds operating in Cyprus reached 142 in the third quarter of 2018, marking a new all-time high, according to data released by the Central Bank. According to Central Bank of Cyprus
Hundreds of students and volunteers responded to the University of Cyprus’ call to be “part of the knowledge chain” transporting 600 books from the old library to state-of-the-art facilities in the new
Cyprus residents travelling abroad in October amounted to 115,022 marking a decrease of 2.8% compared with the same month last year, this fall coincides with the collapse of Cypriot airliner Cobalt Air.
