By Hussein Sayed, Chief Market Strategist at FXTM August has been a challenging month for markets. While many traders were out of their desks enjoying the summer season, US-China trade conflict reached a critical point. Both countries hit each other with new tariffs which came into effect on Sunday. Even though the trade dispute seemed
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Authorities and traffic experts are alarmed over the high death rate on Cyprus roads, after the loss of six lives within two weeks taking the number of fatalities for 2019 to 29. Stakeholders agree that unless aggressive and reckless driving behaviour is curbed, there will be more carnage on Cyprus roads. Cyprus ranks a shameful
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. I would imagine that being an eternal optimist must be quite exhausting, bouncing out of bed every morning with surplus energy to attack the day with an endless smile no matter the circumstance. As someone who always sees the glass as half empty and the hole rather than the doughnut, optimism is company I
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. A good percentage of the real estate sales in Cyprus are concluded with the foreign market with an average of around 44% of total sales. The percentage refers to the number of units and not on the value of properties sold. As such, bearing in mind that foreign sales are on the upper scale,
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. As high school students return to class in a few days for their final year and others move on to university, it is hard not to notice that among all the hullabaloo about teachers’ demands and education reform, these youngsters have once again been ignored. State schools are lacking career advisors or counsellors who
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Despite improvements in gender equality over recent years, with the pay gap in Cyprus narrowing, statistics also reveal gender equality in the workplace has yet to be achieved. From a 33% pay gap in 1994, Cyprus has made significant strides but has yet to erase inequalities between men and women when it comes not only
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Cyprus said it had substantially restored its reputation tarnished by money laundering allegations after the US Congress Financial Committee said Nicosia’s cooperation was beginning to produce results. Finance Minister Harris Georgiades said he welcomed the comments by Maxine Waters, Chairwoman of the US committee over the progress made by Cyprus on issues of anti-money laundering
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July unemployment in Cyprus further declined to 7% (31,000 jobless) down from 7.2% (32,000) in June 2019 and a much higher 8.3% (36,000) in July 2018, according to Eurostat. On annual basis Cyprus also recorded the EU’s third largest drop in the rate of unemployment. The unemployment rate for men was 6.5% and 7.5% for
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Cyprus posted a fiscal surplus of €695.8 mln or 3.2% of GDP from January – July 2019, compared to €488.5 mln the same period last year, according to official data. Total spending rose by 8.7% while total revenue increased by 12.4% year on year. Total expenditure for the first seven months of 2019 recorded an
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. By Nick Tennant Travelling and living as an expat is a wonderfully exciting time but sometimes, with all the excitement, it is easy to forget certain practicalities and the risks that we face. There are some essentials that you need to put in place at the start, not only to protect yourself and your
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