Written by Jameel Ahmad, Chief Market Analyst at FXTM An encouraging overnight China PMI and some stabilisation in the commodity markets should provide inspiration for indices to trade higher on Wednesday. There
Two landmark events this week have paved the way to boost trade and cooperation with Iran, while Cyprus officials have also stated that the island could become a bridge to the EU
Electricity demand on Tuesday was at a similar level to Monday’s, which was the highest of the year at 1020 MW, according to the Director of the Transmission System Operator (TSO) Christos
President Nicos Anastasiades said on Friday that at its next meeting, the Cabinet will set up a new mechanism to monitor the EUR 517.5 mln in public projects announced so far this
* New projects worth €64 mln for district * The Larnaca marina and port privatisation will go out to tender again by the end of next year, after previous bidder Zenon Consortium
President Nicos Anastasiades announced infrastructure projects worth EUR 95 mln for the government-controlled area of Famagusta, during a meeting at Paralimni town hall, attended by members of his Cabinet, mayors and local
Tourism revenue fell by 3.1% in May according to statistical service Cystat, despite arrivals having increased by 4.9%. On the basis of the results of the monthly Passenger Survey, revenue from tourism
The Finance Ministry’s Public Debt Management Office issued 13-week treasury bills for the amount of EUR 100 mln, which was oversubscribed almost 1.5 times. During Monday’s auction, tenders for a total amount
* IMF participation in a programme is conditional on a restructuring * By Fergus McCormick In the event of a Greek departure from the Eurozone, a default on both official sector debt
. The private sector initiative to set up a dedicated Maritime Academy is the first step in the right direction to place Cyprus on the international shipping map once again. The fact
