Cyprus said it had substantially restored its reputation tarnished by money laundering allegations after the US Congress Financial Committee said Nicosia’s cooperation was beginning to produce results. Finance Minister Harris Georgiades said
July unemployment in Cyprus further declined to 7% (31,000 jobless) down from 7.2% (32,000) in June 2019 and a much higher 8.3% (36,000) in July 2018, according to Eurostat. On annual basis
Cyprus posted a fiscal surplus of €695.8 mln or 3.2% of GDP from January – July 2019, compared to €488.5 mln the same period last year, according to official data. Total spending
Despite being dumped out of the Champions League by Ajax, APOEL FC will see some EUR 9 mln flowing into the club’s coffers, making up for losses incurred from last year’s failure
By Hussein Sayed, Chief Market Strategist at FXTM The rally in US equities on Wednesday failed to impress Asian investors. The Dow Jones Industrial Average rose 1% on Wednesday driven by the
Melco has announced new career opportunities at the Cyprus Casinos satellite located in Paphos, the last of the four to open and is scheduled to begin operations by the end of 2019.
New financial products that will dramatically alter the investment landscape for US expats living in Cyprus and across the globe have been launched. Universal Access Bonds (UABs) are described as “a game
A strike in the key tourism industry during peak season was averted after hoteliers and unions came to an initial understanding on the renewal of collective agreements after the Labour Ministry intervened.
S&P Global Ratings in its annual report on RCB Bank, confirmed its “BB-/B” long- and short-term counterparty credit ratings with stable outlook. “RCB continues to hold the highest rating level amongst Cypriot
By Han Tan, Market Analyst at FXTM The Pound fell by over one percent by Wednesday noon before paring losses, with GBPUSD sinking to sub-1.22 levels, while GBPEUR dipped below the 1.10
