After the government’s decision to revoke 26 passports given to investors who failed the tighter criteria test, real estate stakeholders are uneasy as they feel the Citizenship for Investment scheme is at
Cyprus has signed its first natural gas exploitation deal worth $9.3 bln over 18 years with a consortium involving industry giant Shell, US-based Noble and Israel’s Delek but there are more challenges
Ruling DISY party leader Averof Neofytou has launched a crusade against unfair increases in bank charges, accusing Cyprus banks of targeting vulnerable groups for profit. Neofytou warned banks that he will not
Growth momentum is slowing down in Cyprus, according to the headline assessment of the European Commission’s Autumn Economic Forecast. According to the forecast, GDP growth is projected at 2.9% for 2019, 2.6%
Cyprus ship management revenues decreased slightly by 0.95% to €523 mln in the first six months of 2019 corresponding to 4.9% of GDP (as turnover) which is unchanged. According to the Central
By Hussein Sayed, Chief Market Strategist at FXTM A lot of excitement and positive news has been building in financial asset prices over the past few days. The three major US indices
Owners of small-and medium-sized enterprises (SMEs) are putting themselves and their families at risk when they agree to demands by the banks to provide personal guarantees for a business facility. Most business
Cyprus credit card transactions in October increased by 4%, reflecting stable consumer confidence while online payments to the state did not play a significant role in the rise. According to the latest
The European Stability Mechanism (ESM) will begin its assessment of Cyprus’ intention to repay the remainder of its 2013 bailout to the International Monetary Fund of over €700 mln, its Managing Director
By Han Tan, Market Analyst at FXTM The Dollar index (DXY) has gained 0.7% so far this week, briefly breaching the 98.0 psychological mark before easing from its highest levels in nearly
