The real estate landscapes of Greece and Cyprus are undergoing significant transformations, with both nations displaying promising growth and recovery. However, beneath the surface of these top-line numbers, underlying challenges and disparities need to be addressed. Greece, in particular, is witnessing a construction boom, with new high-rise buildings emerging in Athens and other major cities.
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By Lukman Otunuga, Senior Market Analyst at FXTM Asian shares advanced on Thursday following the moderately positive performance from Wall Street overnight, as dovish Fed minutes and easing oil prices supported risk sentiment. However, markets remain cautious amid mounting geopolitical tensions in the Middle East and incoming US data. European markets traded higher ahead of
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Several hundred people arrive daily in Cyprus on commercial flights from Tel-Aviv after the crisis following the Hamas attack against Israel. Some 24 flights from Israel to Cyprus (23 to Larnaca airport and one to Paphos) are expected to be carried out on Thursday, with 18 flights going in the opposite direction. Foreign Ministry spokesperson
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EU courts have backed a Swedish rival in the Halloumi trade war after they dismissed Cyprus’ application to annul the registration of an imitator GRILLOUMI to the crown. Cyprus has lost another halloumi battle in European courts, the second since the traditional cheese was granted the status of a Product of Designated Origin (PDO). EU
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By Edward Moya US stocks shrugged off a hot PPI report and focused on the latest Fed speak that had two hawks dial down dial the immediate need for further tightening. Stocks might struggle for further gains on Thursday until Wall Street sees the CPI report, which could come in hot given producer prices were
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Nobody will hit Israel and get away with it. We are at war, but we are not targeting the people of Gaza but the terrorist organisation of Hamas, and we will win. We are thankful that we have the opportunity, if needed, to be assisted by Cyprus, which will be considered in our planning ahead.
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A conservation group claim that police have been lax in cracking down on criminal gangs that illegally trap migratory songbirds to supply restaurants, although the poaching has declined overall. Tassos Shialis, a spokesperson for conservation group BirdLife Cyprus, said that even though the war on songbird poaching generally is being won, gangs with links to the
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The situation in Gaza did not start on Saturday; it has been preceded by 17 whole years of blockade of 2,000,000 Palestinians in an area of just 45 square kilometres. That is, an area 200 times smaller than Cyprus. The Palestinians remain committed to a future where every life is precious, and everyone lives in
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Cyprus lost €25 mln in revenue from the ship management sector in the first half of 2023 but saw an increase of 9% year-on-year to €623 mln, the second-highest level in five years, according to a Central Bank report. German ship owners maintained the lion’s share as the main trading partner for the industry and
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Cyprus has received 160 foreign nationals airlifted to the island from war-torn Israel on a Portuguese military transport plane, with Austria also permitted to operate rescue flights, officials said Wednesday. Portugal has undertaken three flights from Tel Aviv to Larnaca with a C-130 military transport aircraft to carry their nationals trapped in Israel. One flight
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