By Hussein Sayed, Chief Market Strategist at FXTM Investors are having a difficult time assessing the current economic and financial environment, hence making it hard to manage their portfolios. While risk appetite
Rating agency Moody’s changed its Cyprus economy outlook to positive from stable, citing reduction of sovereign exposure to event risks stemming from the banking sector and improving fiscal strength beating previous expectations.
Europe’s financial analysts are growing increasingly concerned over the EU catching what economists have called the Japanese disease, which would see a prolonged period of stagnation, bad news for the eurozone. Japanisation
Cypriot Deputy Minister of Shipping, Natasa Pilides told parliament that a passenger ferry between Cyprus and Greece is expected to begin in May 2020 ending two decades without such a sea link.
By Han Tan, Market Analyst at FXTM The Pound has surged past the psychologically-important 1.25 level, reaching its highest in two months versus the Dollar, on hopes that a Brexit deal can
Scientists raised concerns over public health risks from the implementation of a 5G mobile Cyprus network during a discussion in parliament with MPs. While according to EU directives, Cyprus must issue 5G
Hellenic Bank has announced it will close down more branches by the end of 2020, despite criticism it is abandoning rural communities that need them most. Talking to MPs of the House’s
By Hussein Sayed, Chief Market Strategist at FXTM The Federal Reserve cut its main target interest rate for the second time in 2019. The 25-basis point cut to a range of 1.75%
Cyprus’ 2020 state budget forecasts slower GDP economic growth of 2.9% next year and a fiscal surplus of 2.7%. The 2020 state budget, approved by the Cabinet, is balanced with a fiscal
Total worth of Cyprus properties were valued at €178.7 bln last year, around €24 mln less than they were estimated in 2013, according to the Land Registry Department. Specifically, in 2013 a
