President Nicos Anastasiades and Turkish Cypriot leader Mustafa Akinci are to hold an informal meeting at 10:30 am on August 9, with the two leaders looking to see if there is ground for restarting negotiations for the solution of the Cyprus problem. Arrangements for the meeting are being made by the office of the UN
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The growth momentum of the Cypriot economy is expected to moderate in 2019 and 2020, with real GDP growth projected to slow from 3.9% last year to 3.4% this year and to remain unchanged at 3.4% in 2020, according to the July Economic Outlook published by the Economics Research Centre of the University of Cyprus.
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By Hussein Sayed, Chief Market Strategist at FXTM Equity markets kicked off the week in red on Monday with risk appetite appearing to be hurt by miscommunication from the Federal Reserve. The probability of a 50-basis point rate cut by the Fed rose on Thursday after Federal Reserve Bank of New York President John Williams
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. By Makis Georghiou After a long wait that goes back seven years when it was first launched at the Hilton Park in Nicosia in January 2012, the contract to build the EuroAsia Interconnector cable system worth about EUR 3.5 bln is about to be awarded. At the time, the crowd of business executives,
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As Cyprus struggles to match last year’s record of nearly 4 million tourist arrivals a fall from second largest market Russia has seen overall numbers drop in 2019. In June tourist arrivals fell 0.3% to 509,662 from 511,073 in the same month of 2018, according to official data. It’s the second consecutive month arrivals have
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The Cyprus Securities and Exchange Commission (CySEC) and the Institute of Certified Public Accountants of Cyprus (ICPAC) signed MoU to tackle money laundering and terrorist financing. “On the basis of this MoU, the organisations will cooperate with each other to prevent of the financial system being used for the purposes of money laundering or terrorist
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Cyprus has the lowest infant mortality rate in the EU with 1.3 deaths per 1000 live births compared to the highest of 6.7. The highest infant mortality rates in the EU were registered in Malta and Romania (both 6.7 deaths per 1 000 live births) and Bulgaria (6.4 deaths), and the lowest in Cyprus (1.3
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By Han Tan, Market Analyst at FXTM Asian stocks are taking their cue from US counterparts to push higher, after Fed officials appeared to call for US monetary policy stimulus in the near-term. On Thursday, Federal Reserve Bank of New York President, John Williams, said that central banks must “take swift action when faced with
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A 35-year-old man was jailed by a Cyprus court for two-and-a-half years on Thursday for reckless driving in the hit-and-run death of a British tourist in the Cypriot resort of Paphos in 2018. Dimitris Ilitzidis, a Greek national originally from Georgia, pleaded guilty to the charge of causing death by reckless and dangerous behaviour after
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Energy Minister George Lakkotrypis said that over the next two years five exploratory and five confirmatory gas drills will be carried out in licensed blocks of Cyprus’ exclusive economic zone (EEZ). He told the Economist Conference in Athens that recent findings of natural gas in the Cyprus’ ΕΕΖ by ExxonMobil and Qatar Petroleum could cover
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