By Hussein Sayed, Chief Market Strategist at FXTM The coronavirus has the world on alert. After the SARS epidemic killed nearly 800 people across 37 countries in 2003 causing panic and economic disruption along the way, there are serious concerns about another outbreak of a new coronavirus that has spread in Chinese cities, including
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Nicosia wants German Chancellor Angela Merkel to persuade Ankara to end its “gunboat diplomacy” against Cyprus when she meets Turkish President Recep Tayyip Erdogan. This was the message conveyed by Cyprus President Nicos Anastasiades during a phone conversation with Merkel on Thursday ahead of her trip to Turkey. The call for some friendly persuasion comes
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Ecologists have called on the government to prevent Paralimni Lake from ‘mysteriously’ losing a significant amount of water that threatens the protected wildlife at the Natura 2000 conservation site. Although the exact reasons for the removal of the earth bund, that closes its irrigation canal, remain unclear, behind this act are pressures that are all
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Cyprus – along with many of the world’s most advanced economies – is stagnating or showing signs of backsliding in its anti-corruption efforts, according to the 2019 Corruption Perceptions Index (CPI) released by Transparency International. Cyprus is one of the countries that has fallen back in the rankings after showing progress in the previous year.
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Presidents of Israel and Cyprus, Reuven Rivlin and Nicos Anastasiades have reaffirmed the closer ties of the two countries as well as the increasing cooperation between them in energy and regional security. President Anastasiades is in Israel to commemorate International Holocaust Remembrance Day. “We are looking forward to furthering our cooperation in the field of
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Cyprus is gradually moving one step closer to adopting e-governance after the Transport Ministry called for public consultations on the issuance of digital ID cards which will act as an electronic signature. Cyprus has remained among the few countries in the European Union that have failed to legislate a “National Plan for the Issuance of
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Cyprus is included on the European Parliament’s Committee on Industry, Research and Energy approved ‘Union List’ of 151 energy projects of common interest (PCI), which increased electricity and clean transmission projects at the expense of gas. The parliamentary green light also gave a nod of approval to Commission President Ursula von der Leyen’s ‘Green Deal’
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Cyprus believes Turkey has stolen data on its gas explorations drills which it is using to conduct illegal drilling activity in block 8 of its exclusive economic zone licensed to energy giants Eni and Total. Cyprus government Spokesman Kyriacos Koushos said Turkey has in some way obtained studies concerning block 8. He told Greece’s state
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Cyprus Deputy Ministry of Tourism while satisfied that 2019 ended with breaking the record for tourist arrivals it has produced a 10-year roadmap to ensure the island’s long-term future. Earlier this week, Tourism Minister Savvas Perdios presented his ministry’s 10-year national strategy plan to MPs. Commenting on last year’s 3.97 mln visitors record, Perdios noted
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By Han Tan, Market Analyst at FXTM Most Asian stocks and currencies are up Wednesday, even as investors grapple with the extent of the coronavirus outbreak and its potential implications for the global economy. While it is still early, the reported cases of the virus have evoked fears of a repeat of the 2003
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