By Lukman Otunuga, Senior Research Analyst at FXTM The explosive appreciation in oil prices could not have come at a more testing period for the world economy currently embroiled in trade wars, geopolitical risks and fears over decelerating economic growth. Oil bulls are clearly back in the picture after drone attacks on Saudi Arabia’s oil
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Nicosia has protested to the UN over continuing violations of Cyprus airspace and territorial waters by Turkey, calling for their immediate cessation. The official protest is included in a letter to UN Secretary-General Antonio Guterres, signed by Chargé d’affaires of the Permanent Mission of Cyprus to the United Nations, Polly Ioannou. Documents, circulated at the
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Cyprus and Greece are to raise the issue of massive migration flows along the Eastern Mediterranean route and demand a new European migration policy that translates the principle of solidarity into practice. Interior Minister Constantinos Petrides and Greek Alternate Minister of Citizen Protection, responsible for immigration, George Koumoutsakos are heading the joint strategy. In view
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Britain on Monday launched a major information campaign urging UK nationals living in Cyprus to get ready for Brexit on 31 October. It is part of a wider communications campaign effort across Europe. UK nationals in Cyprus will receive information about specific actions they need to take to keep their rights and access to services
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Cyprus job vacancies increased 19.3% (993) to 6,141 in Q2 2019 from the same quarter last year when the number was 5,148. Compared to the previous quarter (January-March) the number of job vacancies decreased by 621 (-9,2%). The job vacancy rate in Q2 2019 was 1.8%, down from 2% in the previous quarter and up
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In wake of the death of a 69-year-old disabled man in a road accident, activists urge for action to be taken against careless drivers who park on pavements. Michalis Sevastides lost his life after he was hit by a car when he was forced to drive his motorised wheelchair off the pavement and into the
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Cyprus hotels appear to be back-tracking over a last-minute compromise proposal tabled by the Minister of Labour to avert strike action in the tourism sector. Hoteliers and unions had reportedly come to a last-ditch pay deal after a record 34-hour negotiations navigated by Labour Minister Zeta Emilianidou. However, according to sources quoted by Stockwatch, Cyprus
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Cyprus Airways has appointed BBT Air – Aviation Services as its General Sales Agent (GSA) in Greece. BBT Air will be responsible for the airline’s sales and development of the Greek market. Cyprus Airways operates 10 weekly flights to Athens, 4 weekly flights to Thessaloniki, 2 weekly flights to Heraklion and Rhodes. Cyprus Airways chief
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By Hussein Sayed, Chief Market Strategist at FXTM This week was supposed to focus on monetary policy decisions from the US, UK, Japanese and Swiss central banks, Brexit negotiations and developments in US-China trade talks. However, the weekend’s drone attacks on Saudi Arabia’s critical crude processing plant have now taken the spotlight. Such an event
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Contrary to popular belief the bus does have a place in Cyprus’ public transport system, with the country coming second in the EU for passengers using buses. For travelling by bus Hungary (21.1%) had the highest proportion of passenger-kilometres, followed by Cyprus (19%) and Malta (17.5%). Needless to say, car is the dominant form of
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