By Craig Erlam Stock markets are recovering slightly on Wednesday after another volatile start to the week. It’s clear that investors have one eye on the US this week, with Fed minutes Wednesday evening, US inflation data on Thursday and the start of earnings season likely to be the primary drivers into Friday’s close. Any
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Another busy month at Cyprus airport, as tourists make the most of the last sunny months of the season while Cypriots are getting their last short getaway before Christmas. According to data released by airports operator Hermes, in September, passenger traffic at Larnaca Airport spiked 31.4% to 728.300 travellers from 554.300 in September 2021. Compared
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The bad blood between Hellenic Bank’s CEO, Oliver Gatzke, and major shareholders appears to be behind the board’s decision to sideline the German after allegations of market abuse. In a statement to the Cyprus Stock Exchange on Monday, the island’s second-largest lender informed the authority it had suspended its CEO pending their investigation into the
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The much-awaited liberalisation of Cyprus’ energy market has been slotted for mid-2023, as the government informed the House it is adding the final touches to the regulatory framework. The Transport Ministry told MPs on Tuesday that authorities will submit regulations for the Transmission System Operator authority within the coming weeks. In comments following a meeting
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By Lukman Otunuga, Senior Research Analyst at FXTM A sense of deep unease rippled through financial markets on Tuesday as concerns over the global growth outlook and geopolitical threats left investors on edge. European stocks were painted red Tuesday morning amid fears around untamed inflation pushing interest rates higher at the expense of economic growth.
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Most visitors to government websites will discover that they are not informative, user-friendly, or easy to navigate, but that’s about to change. The Deputy Ministry for Innovation and Digital Policy announced Tuesday that a contract had been signed to modernise the state’s websites which will be accessible through the new digital portal, gov.cy. The project,
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Cypriots are not keen to let go of their traditional autumn getaways to Greece; despite an increase in the cost of living, they grabbed all available holiday packages to Athens, report travel agents. Cyprus travel agents say more Cypriots have been on the move since the return to normality following the lifting of COVID travel
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The European Commission has long been clear that Turkey should end its embargo on Cypriot-flagged ships and planes, said Transport Commissioner Adina Valean. “We are standing by Cyprus on this, and we are using all the opportunities internationally we have to raise this issue. “There are political issues with the overall situation…the European Commission made
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Hiking inflation is threatening to halt an upward trend in housing loans from Cypriot banks recorded in the past two years, as interest rates are being pushed up. Cyprus bank officials say that high inflation is squeezing households having a harder time making ends meet, ultimately putting off buying their own house. Amid inflationary pressures
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By Craig Erlam European stock markets are poised for another weak open as much of Asia reopened on Tuesday to large declines. Asia is flashing red as it nears the close and Europe may be facing a similarly bleak day. JP Morgan CEO Jamie Dimon didn’t hold back in his assessment of the economic outlook,
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