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 their way to
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By Hussein Sayed, Chief Market Strategist at FXTM Currency and fixed income traders will have a busy day with the European Central Bank (ECB) monetary policy decision under the spotlight, as Thursday’s meeting may be the year’s most important for ECB President Mario Draghi, who is to step down in October. The latest economic figures
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By Han Tan, Market Analyst at FXTM Asian stocks are claiming to higher ground after the S&P 500 closed back above the 3000 level, as news that US and China negotiators are set to hold a high-level meeting in Shanghai on Monday lifted market sentiment. While the resumption of trade talks appears to mitigate any
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The Turkish Cypriot ruling coalition signed an interim economic protocol which will see the Turkish occupied north receiving an emergency injection of TL 750 mln (EUR 118 mln) for the rest of the year while agreeing to a number of economic reforms. The interim protocol, essentially a memorandum of understanding, was signed by the head
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By Lukman Otunuga, Senior Research Analyst at FXTM The ever-changing landscape of modern-day politics in the United Kingdom has taken yet another twist, following the confirmation that Boris Johnson has been named as the new UK Prime Minister. Johnson secured more than 92,000 votes in the Tory leadership contest, in comparison to rival candidate Jeremy
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Natural gas deposits off the coast of Cyprus are not worth fighting over as the world energy market is turning towards cleaner and greener solutions, energy expert Charles Ellinas told a Turkish Cypriot newspaper in an interview. In his comments published by the daily YeniDuzen, Ellinas added that the cost of exploiting the natural gas
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Cyprus is one of the three top choices for families travelling on board low-cost operator Ryanair this summer, according to the airline’s Summer Trends travel survey released. At the same time, Ryanair has launched a new ‘Sizzling Summer Sale’ offer with a 20% discount at www.ryanair.com on travel from September-November, with the deal ending on
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Goldman Sachs has secured number one position in the latest global mergers and acquisitions financial advisers’ league table based on deal value in the first half (H1) of 2019, despite a drop in the value of M&A deals, according to GlobalData, a leading data and analytics company. The American bank advised on 156 deals worth
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. With the new administration taking charge in Athens, jumping into the deep to fix all the ills of the Syriza regime, Kyriakos Mitsotakis’ cabinet are like firefighters putting out economic fires while trying to regain the trust of European partners to restart the flow of financing to support Greek projects. With so much on
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Cyprus may have one of the lowest labour costs in the European Union, but it also ranks at the bottom when it comes to productivity and take-home pay, the national advisory body on the economy said in its first report. The Cyprus Economy and Competitiveness Council, an independent advisory body set up in June 2018
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