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CYPRUS: Budget for road network sound barriers is far from sufficient

According to Cyprus Transport Minister Vasiliki Anastasiadou the state budget allocated for noise reduction on the island’s road network is insufficient for comprehensive coverage. Whereas, according to the Ministry, a total amount

30th August 2018
Cyprus

CYPRUS: UK mulls building port at RAF Akrotiri to circumvent a bad Brexit

Britain is making contingency plans to build a port in Cyprus to service its sovereign military bases on the island to safeguard against a disorderly Brexit next year. According to a report

30th August 2018
Cyprus

CYPRUS: Popular Limassol Wine Festival opens on Friday

Limassol’s Municipal Gardens will light up on Friday to welcome thousands of visitors to taste and enjoy Cyprus wines at the 57th annual Wine Festival. The Festival is watched over by the

30th August 2018
Cyprus

MARKETS: Sterling rallies above 1.30, but can it hold?

By Hussein Sayed, Chief Market Strategist, FXTM   Sterling traders were caught by surprise on Wednesday after the EU’s Chief Brexit negotiator Michel Barnier said, “we are prepared to offer a partnership

30th August 2018
Business

CYPRUS: Smugglers use drone to fly drugs over UN-patrolled ceasefire line

Smugglers used a drone to fly drugs over the 180-kilometre UN-patrolled ceasefire from the south of the island to the Turkish-held north, Turkish Cypriot media reported. Turkish Cypriot authorities arrested a suspect

29th August 2018
Cyprus

BANKING: Cyprus deposits stabilise after damaging Co-op bank run in June

Depositors seem to have regained trust in the Cyprus banking system as things appear to have calmed down after the bank run at the Co-op caused by panic-stricken depositors worried about another

29th August 2018
Cyprus

Energy: Have Cyprus LNG plans been derailed?

. By Costis Stambolis   The current energy planning of the Republic of Cyprus appears to be under threat following a detailed proposal submitted last month by Greece-based Energean Oil & Gas,

29th August 2018
Comment

MARKETS: Stocks higher as US-China concerns linger, Bitcoin conquers $7000

By Lukman Otunuga, Research Analyst at FXTM   It’s remarkable how the initial euphoria from the US-Mexico trade deal has been slightly overshadowed by growing concerns over US-China trade relations deteriorating further.

29th August 2018
Business

CYPRUS: Economic sentiment slightly up due to retail sales and consumer optimism

In August economic sentiment in Cyprus edged up slightly due to improved retail sales and consumer confidence, according to the University of Cyprus Economic Research Centre. The Economic Sentiment Indicator (ESI-CypERC) increased

29th August 2018
Cyprus

PROPERTY: London house prices likely to crash if Brexit goes bad

House prices in London’s hyped market will fall this year and next, a Reuters poll of analysts and experts predicted, and will tumble if Britain fails to agree an orderly departure from

29th August 2018
Cyprus
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Latest Comment

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The EU’s action plan for affordable energy

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Silver retreats from multi-week peak, slides below $36

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