Written by Lukman Otunuga, Research Analyst at FXTM The heightened political risks across the world and persistent Trump uncertainties have sparked a sense of unease which continues to pressure the financial markets. Stocks remain extremely volatile amid the jitters with gains potentially limited as the era of political uncertainty encourages investors to scatter away from
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Cobalt Aero, the privately-owned Cypriot airline that launched last summer with teething problems and rapid executive changes, seems to be on track for the 2017 season with new aircraft and new destinations. It took delivery of its fourth Airbus A320 and expects to have a fifth one by the end of February. The new
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. With all the back-tracking that this ‘pro business’ administration has been doing in the past four years, we would have hoped that with the privatisation of the management at Limassol port things were at last starting to improve. However, it is disheartening to see how slow, if ever, things get done in Cyprus.
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The Cyprus International Institute of Management (CIIM) was the only business school in Cyprus to be ranked among the world’s best business schools, conducted by the French firm Eduniversal whose aim is to provide interested students with information which will help them in their decision as to their future school. The process begins with
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The Ministry of Finance plans to hire consultants to conduct a Debt Sustainability Analysis (DSA), and has also introduced the Commonwealth Secretariat – Debt Recording and Management System, that helps in a more efficient medium-term tracking of the Republic’s debt. To proceed with these project, the Finance Ministry has submitted to the Parliamentary Finance Committee
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Finance Minister Harris Georgiades and Glafkos Hadjipetrou, Secretary General of the civil servants union (Pasydy), have concluded a framework labour agreement for the years 2017-2018. The Minister said the agreement ensures the sustainability of public finances, while Hadjipetrou noted that the trade union is satisfied with the agreement which was the product of social
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The fifth trilateral ministerial meeting between Greece, Cyprus and Malta on maritime issues took place in Pireaus where ministers examined ways to improve cooperation. An official statement said the meeting was held with the participation of Cyprus Minister of Transport, Communications and Works Marios Demetriades, Greece’s Minister Shipping and Island Policy, Panagiotis Kouroublis and
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The historic ties between Cyprus and Egypt entered a new age on Monday with an agreement to build a subsea interconnector cable that will be able to transport 2,000 MW of electricity from Egypt to the European Union. The EuroAfrica Interconnector, the subsea electric cable connecting the Egyptian, Cypriot and Greek power grids to
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By Lukman Otunuga, Research Analyst at FXTM Stock markets were chaotic this week with most major arenas violently swinging between losses and gains due to the heightening political risks across the globe, escalating Trump developments and ongoing Brexit woes. Asian markets traded mixed on Wednesday as the Trump-off trading mood dented investor risk sentiment.
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* Teething problems “will be resolved in due time” says ministry * Limassol port, the island’s main commercial port of entry for trade and cruise tourism, has entered a new era and started operating from Sunday as DP World Limassol, after concession holders Eurogate and DP World agreed to pay EUR 1.9 bln over the
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