Hourly labour costs rise 7.3%

Cyprus hourly labour costs rose by 7.3% year on year in the third quarter of 2021, following an annual rise of 17.1% in the previous quarter. According to the Cyprus Statistical Service,

COVID19: Jabs for children demand grows

Vaccinations against Covid-19 of children aged 5 to 11 gets underway on Friday, with authorities overwhelmed with requests from parents to have their children vaccinated. Health authorities have fallen short of their

Hawkish Fed wages war on inflation

By Lukman Otunuga, Senior Research Analyst at FXTM Asian shares were mixed on Thursday following a rally on Wall Street overnight as markets offered an initial positive reaction to the Federal Reserve’s

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Twelve migrants depart for Vatican

The first group of 12 migrants have departed Cyprus for the Vatican after Pope Francis agreed to offer them asylum during his visit to the island earlier this month. An Interior Ministry

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Moody’s upgrades ‘improved’ Bank of Cyprus

Moody’s has upgraded Bank of Cyprus key ratings citing “significant improvement” in asset quality following an agreement on non-performing loans that would reduce the bank’s NPL ratio to single digits. It upgraded

Energean ramps up Egypt natural gas

Greek energy firm Energean’s plans to increase natural gas production from its concessions in Egypt were discussed in Cairo with Petroleum Minister Tarek El Molla and company CEO Mathios Rigas. A company

King of Jordan to visit Cyprus

King of Jordan Abdullah II pays an official visit to Cyprus on Friday for consultations with President Nicos Anastasiades and to sign a series of agreements. After a tête-à-tête meeting, they will

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COVID19: Europe experiencing largest wave

Europe is currently experiencing the largest wave of the COVID-19 pandemic, EU Health and Food Security Commissioner Stella Kyriakides said. Based on recent data of the European Centre for Disease Prevention and

Why every investor should now include ESG

Every investor needs exposure to environmental, social and governance (ESG) investments to build wealth over the long-term, according to the CEO of one of the world’s leading financial advisory and fintech firms.

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