Since 2010 house prices in Cyprus have declined 2%, the third largest dip in the European Union but rents have gone in the other direction, according to Eurostat. Over this period, house
Cypriot-US relations have reached new heights and are no longer viewed, either by Washington or Nicosia, solely through the lens of the Cyprus problem, said President Nikos Christodoulides. He attended the July
By Craig Erlam Federal Reserve policymakers may well be dreading Friday’s NFP jobs report after Thursday’s ADP number once again obliterated estimates, coming in more than double the consensus forecast. That’s almost
President Nikos Christodoulides told Greek Defence Minister Nikos Dendias that Cyprus needed to boost its defences to buffer Turkish aggression. And the President said strengthening the deterrent power of Cyprus is a
By Lukman Otunuga, Senior Market Analyst at FXTM Most Asian shares flashed red on Wednesday, with Chinese markets under renewed selling pressure after disappointing PMI data fuelled concerns over its weak economic
By Craig Erlam Tuesday has been a relatively quiet session with the US bank holiday weighing on activity and those remaining having an eye on Friday’s jobs report. But the day hasn’t
Cyprus and Greece vowed Tuesday that no faits accomplis could be accepted on the island, nor any solutions favouring partition as Turkey demands. Foreign Minister Constantinos Kombos and his Greek counterpart Giorgos
By Craig Erlam We may be seeing a bit of a trading lull at the start of the week with Tuesday’s US bank holiday tempting many into an extended weekend. The economic
International rating agency DBRS Morningstar predicts the GDP growth rate of the Cyprus economy in 2023 will remain at 2.1%, according to updated baseline macroeconomic scenarios. DBRS estimates that in 2024 Cypriot
Turkey’s currency hit an all-time low this week, while the central bank’s net reserves marked their largest rise on record as it stopped supporting the lira. The lira reached a record low
