One of the many attractive features that Cyprus has to offer, is that of the water dams which are scattered everywhere, especially in the Paphos and Limassol region. In addition to the human necessity of such dams, they could be used for a variety of sports for which the dams are especially suitable, such as
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Cash-rich banks are stockpiling properties as they turn to buy real estate linked to mortgages of defaulted borrowers as banking institutions dominate the property market. After acquiring properties through debt to asset swaps with defaulted borrowers, banks are now turning to properties linked to non-performing loans, which they failed to foreclose through auction. According to Central
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By Josep Borrell The geopolitical upheavals we are witnessing today underline the urgency with which the European Union must find its way in a world increasingly characterised by raw power politics. We Europeans must adjust our mental maps to deal with the world as it is, not as we hoped it would be. This is
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Two extraordinary meetings held at the Presidential Palace this week highlighted once again the meddling of political parties in matters of national importance. Protecting football and halloumi have deteriorated so badly that politicians are being called to fix the problem, later presenting themselves as saviours of the day. First, the President invited all stakeholders in
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Cyprus reunification would bring about enormous economic advantages for both sides of the island’s divide generating a peace windfall of more than €17 bln while creating 100,000 new jobs in a post-settlement landscape. A study published by the Peace Research Institute Oslo (PRIO), suggests that benefits from a solution, what the authors call a “peace
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Cyprus has ordered French surface-to-air Mistral missiles as well as Exocet anti-ship missiles in a €240 mln arms deal, the Defence Ministry confirmed on Friday. French newspaper La Tribune reported the missile deal on Thursday and the Defence Ministry confirmed the deal but said it could not go into any detail due to the sensitive
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President Nicos Anastasiades headed a meeting on Friday over introducing more measures against match-fixing in Cyprus football, a persistent problem that authorities have failed to address over the years. Following the meeting, President Anastasiades after being informed of action taken so far announced a number of additional measures to combat corruption. A Deputy Ministry of
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At 38% Cyprus has one of the widest gender pension gaps in the EU with men receiving a lot more than women to get by while pensioners at risk of poverty is a high 22.5%. In 2018, women in the EU aged over 65 received a pension that was on average 30% lower than that
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By Han Tan, Market Analyst at FXTM Asian stocks were mostly lower on Friday, apparently taking a breather from the 3.7% climb over the past three days and unable to keep pace with their US counterparts who are sitting pretty on new record highs. The MSCI Asia Pacific Index still remains about 2% lower compared
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While deposit rates are hitting rock bottom, with some banks even applying negative interest rates on large deposits, Cyprus Insurance Investment Funds may offer investors a way out. According to the latest figures provided by the Association of Insurance Companies, Insurance Investment Funds have taken off bringing in double-figure yields. Based on the data for
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