Cyprus can expect a serious increase in cruise tourism over the coming years, Deputy Minister for Tourism Savvas Perdios said. Perdios headed a Cypriot delegation at this week’s “Seatrade Europe”, Europe’s largest international cruise and river cruise fair in Hamburg. “We have presented the product of Cyprus, our competitive advantages and if everything goes right
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Cyprus is facing an “extremely challenging” situation with an unprecedented increase of over a 130% in new asylum applicants since last year, said Interior Minister Constantinos Petrides. Petrides told the 5th Conference of the Red Cross Small European National Societies, that for the third year in a row, Cyprus remains the top receiving Member State
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Cyprus has condemned Ankara’s plans to open the fence-off ghost town of Varosha saying it will do everything necessary to prevent it being populated by anyone other than by its legal residents. Turkish Foreign Minister Mevlut Cavusoglu told the private CNN-Turk broadcaster: "Yes, there are preparations. Varosha will be opened." Cyprus government spokesman Prodromos Prodromou
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By Lukman Otunuga, Senior Research Analyst at FXTM After pledging to do whatever it takes to preserve the Euro back in 2012, Mario Draghi in his final meeting as ECB President has unleashed a wave of new stimulus measures to revive the Eurozone economy. The central bank cut its deposit rate by 10 basis points
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The Land Registry admitted it may have been mistaken in their appraisal of a state plot opposite the former Nicosia Hilton Hotel in the heart of the capital, estimating the property at just €5 mln down from €70 mln. The House Watchdog Committee heard Andreas Socratous, the director of the land registry department, acknowledge that
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. * Delfi Partners releases revised portfolio with 200 properties for sale Delfi Properties has released its renewed listing of 196 new assets which consist of commercial buildings, offices, residential villas and plots all over Cyprus, with some properties reaching EUR 7 mln. The portfolio includes ten of the most prestigious land assets in
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By Hussein Sayed, Chief Market Strategist at FXTM Stocks monitors were flashing green lights with China’s Renminbi strengthening on Thursday morning after US President Donald Trump announced a delay in tariffs on Chinese goods by two weeks. Trump’s postponement of the 5% extra tariffs came after China exempted some US goods from the 25% tariffs
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The number of government employees remained relatively unchanged at 51,486 in August 2019, compared with 51,475 in the same month last year, despite an increase in temporary staff. Official figures showed that permanent staff decreased by 444 or 1.5%, from 28,682 to 28,238 persons, while temporary staff increased by 5% reaching 14,800 persons compared with
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A series of blasts rocked Turkish occupied north of Cyprus when a fire broke out near an ammunition depot in the early hours of Thursday close to the coastal village of Ayios Epiktitos (Catalkoy). The Turkish Defense Ministry said the fire had been brought under control and that the cause of the initial blast,
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Cyprus and Saudi Arabia are looking to strengthen bilateral ties on all fronts as symbolised by the first visit to Nicosia of a foreign minister from the kingdom. Ibrahim bin Abdulaziz Al-Assaf is the first Foreign Minister of the Kingdom of Saudi Arabia to be paying an official visit to Cyprus. “I see a high
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