British residents in Cyprus are prey to unscrupulous financial advisers peddling high-risk investment that they lack the expertise or license to be offering. Cyprus’ large expatriate community is continuing to be targeted by several unlicensed and unregulated international financial advisory companies, the CEO of a local wealth management company has warned. Woodbrook Group Chief Executive
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. During a time when the Cypriot dams were overflowing, we paid a visit to several of them to enjoy God’s Blessing and the most pleasant natural environment. We visited Yermasoyia dam (in Limassol) and we noted that there were several canoe-rowing boat club members using the dam for exercise. As an ex-competition rower in
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. The government’s decision to reform the state broadcaster and cut back on CyBC’s commercial advertising revenue, in exchange for a bigger annual payout by the taxpayer, was a welcome move but may have a hidden agenda. On the one hand, it satisfies a long-standing demand of the media to deny the public broadcaster the
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Seasonally adjusted GDP rose by 0.4% in both the euro area (EA19) and the EU28 but it was double that in Cyprus at 0.8% in Cyprus during the second quarter of 2018, compared to Q1, according to Eurostat. In the first quarter of 2018, GDP grew by 0.4% in both areas and by 1% in
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. Forecasting the degree to which the sale of Non-Performing Loans (NPLs) will affect the real estate sector is not an easy task. The debate originates from the decision of the Bank of Cyprus to sell 14,024 NPLs to investment funds managed by the international company, Apollo Global Management LLC. The borrowers of the NPLs
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Cyprus tourist income generated more than a billion euros during the first half of the year, official data showed Friday. According to data released by CyStat income for the six months January-June amounted to €1.03 bln compared to €996 mln for the same period in 2017, recording a 3.9% increase. The growth of tourism revenues
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Turkish Cypriot farmers clashed with police on Friday during a third day of public protest triggered by the falling Turkish Lira creating unrest in the north. Stockbreeders continued were they had left off with their demonstration on Thursday, blocking roads leading to the Turkish Cypriot agriculture office in north Nicosia. Tensions rose between demonstrators and
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The European Union is at a critical juncture in the course of its economic governance, said Finance Minister Harris Georgiades before joining the Eurogroup meeting in Vienna on Friday. Georgiades said: "Brexit issues arise, which will be discussed today especially with regard to the European Investment Bank, but there are also the issues pertaining to
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With the season for illegal bird trapping less than two weeks old, British Bases police in Dhekelia have dealt criminals an early blow after arresting a man using mistnets in the Ormidhia area. The police’s Community Action Team dedicated to combating bird trapping, swooped in and arrested the man in the early hours of Saturday
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The Council of Europe’s anti-corruption body is calling for more transparency on how judges in Cyprus are appointed while a more stringent code of conduct for MPs is needed. A compliance report by the GRECO group gave a mixed assessment, saying Cypriot authorities fully implemented only two out of 16 of its recommendations to prevent
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