Summer bookings from the U.K., traditionally the biggest market for tourism to Cyprus, are expected to be about 10-15% higher, according to travel agents, with airline capacity also increased by 33,000 seats from last year. The Cyprus Tourism Organisation said after its participation at the ‘Destinations Holiday and Travel Show’ held in London and Manchester,
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By Jameel Ahmad, Chief Market Analyst at FXTM The oil markets sustained losses yesterday afternoon following the International Energy Agency (IEA) warning that global inventories are set to continue to rise before any possible cut in production. This provided a gentle reminder to traders that the supply and demand equation is still very much present,
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* Investors keen in Cyprus malls, Venus Rock project * Major foreign investors are keen to pump millions into the Cyprus economy, both to join private sector projects, as well as take part in the island’s privatisation programme. News reports suggest that the investors and fund managers from the likes of Goldman Sachs, Bank of
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Former Cyprus Interior Minister Dinos Michaelides and his son have been handed down 15 year prison sentences each by a court in Greece on Wednesday, having earlier found them guilty of bribes and money laundering, over an arms deal involving former Greek Defense Minister Akis Tsohatzopoulos, who is already serving time. The court also sentenced
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. By George Theocharides Cyprus International Institute of Management The recent announcement by Mario Draghi for the Quantitative Easing (QE) programme in Europe was welcomed by an expected euphoria from the financial markets. Stock markets around the globe produced positive and significant returns, while yields on the sovereign bond markets exhibited sharp declines. This was
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. By Oren Laurent President, Banc De Binary As the violence between Russia and Ukraine escalates, political battle lines are becoming more deeply entrenched – not only between Russia and the West, but also between the United States and the various European countries. Can external involvement solve the crisis diplomatically? And is there another choice?
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easyJet has launched a new aircraft livery – the first change to the look of the U.K. airline’s iconic white and orange fleet since easyJet.com replaced the call centre number on the fuselage in 1998. There are two main design changes: the trademark orange has been extended from the tail fin on to the fuselage
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Louis Hotels has introduced special offers for the Valentine’s weekend that include a romantic break, as well as relaxing two days away from the hustle and bustle of everyday life. The Royal Apollonia in Limassol has accommodation at 79 euros per person in a superior room, with dinner, breakfast and a bottle of wine. The
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Finance Minister Harris Georgiades told foreign investors on Tuesday that Cyprus will support Greece at the special Eurogroup meeting in Brussels on Wednesday. In statements at the Cyprus Investors Summit 2015 in Limassol, Georgiades said that Greece is in a difficult position and Cyprus will support “the necessity of creating a prospect.” No country should
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Energy and Commerce Minister Yiorgos Lakkotrypis announced a total of nine funding schemes worth €75 mln in the current year in an effort to boost liquidity in the economy, with the Cooperative Central Bank supporting the schemes and introducing specialised financing of its own. Lakkotrypis and CCB Chairman Nicholas Hadjiyiannis said after a meeting on
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