Paphos remains an attractive destination for British tourists despite the increase in the costs of goods and services around the world, as a UK survey rates the town as the fifth best
By Lukman Otunuga, Senior Research Analyst at FXTM Asian stocks traded higher Tuesday morning, while European shares rose after Fed Chair Jerome Powell struck a more hawkish tone on monetary policy. In
RCB Bank has sold a good part of its loanbook, described as a “performing loan portfolio” which is well collateralised and comprises of mainly corporate loans, to Hellenic Bank for €556 mln,
Cyprus reported one coronavirus death on Monday, with new cases spiralling to a near-record 5,286 and hospitalisations rose to 149, prompting the authorities to reconsider relaxing restrictions. The Health Ministry said it
By Craig Erlam It’s been a flat start to the week in equity markets, with Europe posting marginal losses or gains. There’s been so much to absorb in recent weeks and while
The government will be sticking to its ten-year action plan to support the island’s mountain communities, pumping in some €525 mln through 350 activities by the end of 2030, President Nicos Anastasiades
The value of the United States dollar has fallen considerably in recent years, raising questions over the dollar’s long-term viability as a safe-haven currency. According to data presented by Finbold, the U.S.
The Kannaviou dam in Paphos became the eighth dam in Cyprus to overflow this year, as the island’s total reservoir capacity reached 89% due to generous rainfall throughout the winter months. Kannaviou
ExxonMobil and Qatar Petroleum, consortium partners in Block 10 of the Cyprus Exclusive Economic Zone (EEZ), have found “high quality natural gas” in the ‘Glaucus-2’ appraisal well, with the drillship Stena Forth
Public buses in the island’s capital and Larnaca has ground to a halt after drivers went on strike to protest the laying off of 36 colleagues, causing major disruption mainly in the
