Cyprus’ seasonally-adjusted unemployment rate at 9.2% was the fourth highest in the euro area in Novermber, EU data shows. It is way above the EA19 average of 7.9% in November 2018 down from 8% in October. The average rate of unemployment in November is the lowest rate recorded in the euro area since October 2008.
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Cyprus has the highest percentage of passenger cars in the EU that run on petrol, according to Eurostat figures. In 2016, over half the cars ran on petrol in 15 out of 24 Member States, for which data were available. This share was largest in Cyprus (86%) ahead of Finland (75%) and Hungary (70%). Diesel-driven
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Outlook for euro area sovereigns in 2019 is stable as economic growth will remain healthy in the region but Cyprus is one of the core countries most vulnerable to a disorderly Brexit, says Moody's Investors Service. Moody’s said rating actions in 2018 were positive as 15 euro area sovereigns have stable rating outlooks, while four
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. It has been in the pipeline since 2001, but the pipe had many blockages and it sometimes seemed unlikely that the General Healthcare System (GHS), the long-promised universal health insurance system for Cyprus, would ever emerge. However, 2019 will, it seems, finally be the year of the GHS. President Nicos Anastasiades has pledged that
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Cyprus President Nicos Anastasiades will pay a two-day official visit to Slovenia on Wednesday, during which he will meet his Slovenia counterpart Borut Pahor. The two countries are also expected to sign a Memorandum of Understanding on bilateral relations. Anastasiades departed Tuesday for Slovenia accompanied by his wife, Andri Anastasiades, Foreign Minister Nikos Christodoulides, government
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Cyprus has picked up 31 Syrian migrants who were dropped off by boat on a remote part of the island's coast, authorities said. The 31 migrants – who are seeking asylum – were processed by police on Tuesday and transferred to a reception centre in the capital Nicosia. The Syrians – 27 men, 3 children
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By Hussein Sayed, Chief Market Strategist at FXTM After a terrible end to 2018 which saw global equities plummet, markets are finally seeing the colour green returning to their screens. U.S. stocks built on Friday’s massive rally supported by optimism that Beijing and Washington may be moving in the right direction towards a trade deal.
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Sale documents of property purchases submitted to the Land Registry dropped by half in December 2018. Some 48% fewer sales documents were submitted compared to the same month in 2017, with real estate specialists, however, not appearing particularly concerned. The biggest dip was recorded in the Famagusta district with a 73% drop, with Nicosia followed
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Airlines Aegean and Blue Air are not interested in adding flights from Paphos to Athens to their schedules to cover the void left behind with the closure of Cypriot carrier Cobalt Air in October. Reportedly efforts were made by various financial and business players of the town, among them the Paphos airport operator Hermes Airports,
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When UN chief of mission Elizabeth Spehar, welcomed new commander of the peacekeeping force in Cyprus (UNFICYP), Major General Cheryl Pearce from Australia, it was a landmark in United Nations history. It's the first time that the top three positions in a UN peacekeeping mission – civilian, military and police – have all been held
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