By Lukman Otunuga, Senior Research Analyst at FXTM A wave of risk aversion is sweeping across financial markets Friday morning after US President Donald Trump announced a new round of tariff hikes
The Cyprus Space Exploration Organisation (CSEO) and the Canadian Aeronautics and Space Institute have agreed to cooperate in the field of space exploration. This is expected to expand Cyprus` cooperation with Canada
New loans issued in H1 2019 were up 11.5% compared to the same period last year, while the thorny issue of non-performing loans is dissipating as toxic mortgages dropped about 30% of
Ayia Napa has officially inaugurated its first casino in the popular holiday resort which is seen as an additional tourist leisure attraction. C2 Ayia Napa is the third licensed satellite casino to
Standard & Poor’s affirmed its `B+/B` long- and short-term issuer credit ratings on Bank of Cyprus noting that the outlook is stable but there are obstacles ahead. The rating agency also affirmed
By Hussein Sayed, Chief Market Strategist at FXTM The Federal Reserve cut its interest rates by 25 basis points on Wednesday for the first time since the financial crisis in 2008. The
The European Central Bank (ECB) warns of a “significant negative impact” to the Cyprus banking system if a new law amending foreclosure procedures is implemented. The ECB warning was included in an
Vassiliko Cement Works posted after tax profits of €10.1 mln for the first six months of 2019, a 13.5% jump on the €8.9 mln made during the same period last year. Total
Household debt dropped slightly to €20.4 bln in March from €20.5 bln in December 2018, accounting for 97% of Cyprus’ GDP, according to the Central Bank of Cyprus. Compared with December 2016
After just over one year in operation Cyprus Casinos celebrated another important milestone by welcoming its one-millionth visitor. Oana Georgiana Luca, a registered member, was the lucky one-millionth visitor to go through
