Cyprus’ 2020 state budget forecasts slower GDP economic growth of 2.9% next year and a fiscal surplus of 2.7%. The 2020 state budget, approved by the Cabinet, is balanced with a fiscal surplus, said Finance Minister Harris Georgiades. It foresees a fiscal surplus of 2.7% and a primary surplus of 5.1%. Due to the state
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UN chief Antonio Guterres said it is imperative Cypriot leaders quickly reach an agreement on the terms of reference to revive frozen peace talks that will have a different outcome from past failures. During a media conference ahead of the 74th UN General Assembly, Guterres said: “It’s very important to quickly come to an agreement
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APOEL FC kicks-off its Europa League group stage campaign on Thursday eyeing possible prize money of €13 mln, while already bagging €11 mln from its exploits so far as the only Cyprus team left in Europe. The Nicosia outfit missed out on some €20 mln after being dumped out of the Champions League by Dutch
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Energy giants Total and Eni have joined forces to exploit another oil and gas block up for grabs offshore Cyprus, Cypriot authorities said Wednesday. The agreement makes France’s Total and Italy’s Eni the biggest players in the Mediterranean island’s energy search, holding exploration licenses for seven of the 13 blocks. Korea’s Kogas is also a
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Total worth of Cyprus properties were valued at €178.7 bln last year, around €24 mln less than they were estimated in 2013, according to the Land Registry Department. Specifically, in 2013 a total of 1,634,946 parcels of land and housing units were valued at €202.6 bln dropping to €178.7 bln in 2018. Estimates only cover
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Turkey is deliberately undermining the resumption of UN peace talks by imposing unacceptable terms, Cyprus president Nicos Anastasiades told the Associated Press. He said Turkey's "obsession" to permanently station troops, secure military intervention rights and entrench its control over all of Cyprus under any peace deal is unsettling Greek Cypriots and diminishing the prospects of
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. By Ekaterini Andrestinou The brilliant idea conceived by Isocrates, that the unity of mankind could be achieved through Greek education was realised with the conquest of the East by the genius leader of Macedonia, Alexander the Great. This young personality warmly engulfed Isocrates’ idea and made it a reality, inspired by his Greek descent,
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By Kyriacos Kiliaris Cyprus is at risk of remaining the only energy-isolated EU member without any electricity interconnections, as plans to link the grid in the Turkish occupied north to Turkey gather pace, while Athens delays endorsing a major powerline project to connect the island with Israel and mainland Europe through Greece. The issue is
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One of two Turkish drillships operating illegally within Cyprus’ exclusive economic zone has left the area where it was exploring for hydrocarbons, according to pro-government Turkish media. The vessel Yavuz, is said to have moved to the Turkish port of Taşucu in the southern province of Mersin opposite the Karpas peninsula where it was operating.
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By Jameel Ahmad, Global Head of Currency Strategy & Market Research at FXTM What goes up must come down. That famous saying is especially true when discussing the valuation of crude oil this week, with the commodity having declined a whopping 13% since the astonishing 20% climb in prices that made headlines around the world
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