Greek ship owner and operator Angelakos (Hellas) SA is registering all eight newbuild cargo vessels under the Cyprus flag, with Deputy Minister for Shipping Natasa Pilidou christening the 82,000 DWT Oceania Graeca during a ceremony at the Jiangsu New Yangzijiang Shipbuilding shipyard in China. This is another feather in the cap of the government’s merchant shipping
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A feature documentary on Olympia Dukakis will be one of the highlights of this year’s week-long 14th Limassol International Documentary Festival featuring 21 productions that opens at the Evagoras Lanitis Centre on Thursday. The feature-length ‘Olympia’, that has been labelled as a raw, unfiltered and funny documentary on Olympia Dukakis, will be screened at 8.30pm
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By Lukman Otunuga, Senior Research Analyst at FXTM The past few days have offered investors a bitter appetiser on what to expect in the months ahead after Boris Johnson became the new UK Prime Minister. A severely depressed and unloved British Pound, disagreements with Brussels and chronic uncertainty over Brexit are positioned to be key
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. “Gold has not just preserved capital, but has helped capital grow” By Ivanka Pittelkau Physical gold is a safe-haven asset, with no credit risk and no counterparty risk, and a solid investment now to allocate part of your portfolio as a hedge against other investment assets and against risks resulting from political activities,
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Turkish Cypriot dairy producers may have seen their halloumi/hellim exports take off in 2018 and the first five months of this year, but they fear they are in for hard times as exports to Turkey dropped significantly and costs have risen as the livestock population continues to decrease. Halloumi exports from the island’s north, through
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Cyprus MPs have postponed to Friday the debate over a package of measures introducing changes to the foreclosure law which had been vetoed by President Nicos Anastasiades. The issue was supposed to be discussed on Monday at the House Finance Committee and then put before the plenary, but deputies chose to defer a decision, to
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The economic sentiment in July retreated in almost all sectors for the second consecutive month due to weaker business confidence in services, retail trade, construction and industry, according to the University of Cyprus benchmark index. The monthly Economic Sentiment Indicator (ESI-CypERC), calculated by the university’s Economics Research Centre decreased by 1.7 points to 107.8, compared
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By Kyriacos Kiliaris Cyprus’ traditional squeaky cheese, which accounts for EUR 200 mln in exports, is in for another bumpy ride as authorities appear to be clamping down on halloumi products which do not conform to government specifications, with authorities confiscating halloumi products and variants at Larnaca airport. Two containers full of halloumi products on
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By Hussein Sayed, Chief Market Strategist at FXTM On Wednesday, July 31, the Federal Reserve may cut interest rates for the first time in over a decade, marking a significant reversal in policy from the tightening cycle that was first pursued by former Fed Chair Janet Yellen. While a rate cut seems like a done
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Regional energy cooperation and Turkey’s continued provocations are at the top of the agenda of meetings between newly-elected Greek Prime Minister Kyriakos Mitsotakis with Cyprus President Nicos Anastasiades. During his two-day official visit, heading a large delegation of senior government officials from Athens, Mitsotakis will be meeting with House President Demetris Syllouris, the leaders of
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