. A mad dash for the shops on Black Friday underscored that Cyprus has truly embraced American-style consumerism as long as there is the lure of a decent bargain at the end of the journey. Shopping malls and high streets were once again alive with the sound of people desperate to hand over their cash
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While halloumi exports are expected to hit record numbers, Cyprus has signed a protocol with China paving the way for the famous white cheese to wow a huge market, but farmers are feeling the squeeze. The outlook is blurry as producers argue they may not be in a position to meet demand, feeling that pressure
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. By Yiannis Tirkides Cyprus has made substantial progress in addressing its key risks in the crisis and continues to do so as significant vulnerabilities are still present. Debt dynamics have turned positive and in the banking sector recent developments, such as those relating to the Cyprus Cooperative Bank and the sale of non-performing loans
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Cyprus Finance Minister Harris Georgiades expressed his astonishment that the Co-op Bank did not collapse earlier than it eventually did, slamming the bank’s management prior to 2013. Georgiades testified before a committee probing the events leading to the demise of the Coop Bank. The Finance Minister said “the real question is not why the Co-op
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Thousands of Cyprus consumers looking for a bargain queued up outside shopping malls and stores from the early hours to take advantage of Black Friday sales. Malls around the island saw one of their busiest retail days, with some reports talking of chaos prevailing in shops. My Mall Limassol’s Head of Operations Katia Panayi told
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J&P Overseas subsidiaries as well as all active projects are going under the hammer as the liquidators, Alvarez & Marsal, of the Cypriot construction firm is looking for buyers. After the company entered the liquidation process, the administrator has started procedures for the disposal of all assets and, according to reports, this will be done
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Cyprus is lagging in sustainable development goals, but unlike other European countries faced with serious sustainability issues, there are advantages that it can exploit, said Hans Bruyninckx, European Environment Agency (EEA) Executive Director. He said Cyprus should explore solar energy, as the island has more sunshine days than any other European country, while EU membership
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Greek police were left shame-faced after a map printed on its 2019 official calendar shows the Turkish-held areas of the island as ‘North Cyprus’ and FYROM is called Macedonia. An investigation was launched into how the offending calendars – printed by a private company – managed to get through police scrutiny. Turkish occupied northern
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CFA Society Cyprus celebrated its 15th anniversary by awarding a record number of new members who acquired the Chartered Financial Analyst title after successfully passing the exam and completing the four-year required work experience in the field of investment management. The 29 new members marked a new record for CFA Society Cyprus this year, with
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By Lukman Otunuga, Research Analyst at FXTM The pendulum has swung in favour of Sterling, as the bulls took control Thursday afternoon following news that the EU and UK have agreed on a draft Brexit agreement. With the European Union Council President Donald Tusk stating that the draft has been “agreed in principle at
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