Cyprus ready to help Israel

Cyprus is ready to assist in the situation that has developed in Israel, which it is closely monitoring, said President Nikos Christodoulides, giving instructions to increase checks at various entry points. He

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Leaving inflation unchecked is bigger threat

The cost of leaving inflation untamed is much higher for households and businesses, said Central Bank Cyprus governor Constantinos Herodotou. Addressing the 14th Limassol Economic Forum in Limassol, Herodotou referred to the

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Ayia Napa gang rape trial delayed

A Cyprus court on Thursday adjourned the trial of five Israelis charged with raping a British woman pending the submission of material evidence by prosecutors. Police arrested the five Israeli youths, aged

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Markets bounce ahead of US NFP

By Lukman Otunuga, Senior Market Analyst at FXTM   Asian shares staged a rebound on Thursday following the broadly positive cues from Wall Street overnight as plunging oil prices and weak US jobs

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ECB determined inflation returns to 2%

The European Central Bank is determined to promptly ensure that inflation returns to its 2% medium-term target, said ECB Vice-President Luis de Guindos. In his keynote speech at a Central Bank of

Unemployment stable at 6.6%

The seasonally-adjusted unemployment rate in Cyprus stayed at 6.6% in August compared to July, and slightly lower than a year ago when it was 6.8%, according to Eurostat. In the eurozone, the

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Cyprus quarterly house prices drop

In the second quarter of 2023, house prices in the EU increased by 0.3% compared with the first quarter, while rents increased by 0.7%, but Cyprus house prices decreased by 0.4%, according

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