Twelve projects worth a total of €22 mln are scheduled to start in October and November, the Public Works Department announced. According to data obtained by news portal Stockwatch, the most expensive project will be the Pneumological Clinic of the Kyperounta Hospital (€4.8 mln), followed by the road connecting the centre of Yeroskipou with the
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By Hussein Sayed, Chief Market Strategist at FXTM Last week was a terrible one for President Trump. His former campaign chairman Paul Manafort was found guilty on eight counts of bank and tax fraud on Tuesday, while his ex-personal lawyer Michael Cohen pleaded guilty to campaign finance violations and other charges on the same day.
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Multiple benefits for Cyprus from creating a technological centre of excellence were presented by experts from the Massachusetts Institute of Technology (MIT) and the MaRITeC-X project team. During the Larnaca meeting, attended Deputy Minister of Shipping Natasa Pilides, the participants were informed about the creation of the Cyprus Marine and Maritime Institute (CMMI), as well
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. “The situation in our schools, hospitals and government will not improve if we continue to tolerate poor standards and a system that rewards privilege, discourages excellence and strives for mediocracy” “Cyprus’ national health service should not rely on miracles but a scheme that will improve the standard of medical care for all Cypriots no
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The closure of Cyprus-based Olympic Insurance has left some 200,000 motorists in Bulgaria and 10,000 in Cyprus without insurance cover, with compensations being calculated between EUR 20 mln and 35 mln. Compensations are to be paid out by the Cyprus Motor Insurers’ Fund set up for cases when insurance companies close or declare bankruptcy, and
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. Hellenic Bank CEO Yannis Matsis declared this week that shareholders approving the necessary capital increase to fund the Co-operative’s good assets takeover was “a historic moment” for the island’s banking sector and the economy in general. From Hellenic’s point of view, he was absolutely right. Back in June, the Financial Mirror reported that the
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Residential Property Price Index in Cyprus rose by 0.6% in the first quarter of 2018, continuing its upward trend for seven consecutive quarters, the Central Bank of Cyprus said. The property price tracker (comprising both houses and apartments) in the first quarter reached 75 units from 74.6 units the previous quarter, keeping an upward trajectory
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UN envoy Jane Holl Lute will submit a report to UN chief Antonio Guterres on the outcome of her consultations with all parties interested in the Cyprus problem around September 17, according to CNA. Lute is expected to meet Greek Foreign Minister Nikos Kotzias in Athens on September 11. In London she will meet British
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By Jameel Ahmad, Global Head of Currency Strategy & Market Research, FXTM There is a lower level of market volatility at the end of the week, with investors on stand-by mode before Federal Reserve Chair Jerome Powell speaks at Jackson Hole later Friday. Traders are probably on the edge of their seats wondering whether
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Cyprus has protested to the UN over violations of its airspace and territorial waters by Turkey, arguing that it proves Ankara aims to undermine its sovereignty. Michael Mavros, First Secretary of the Permanent Mission of Cyprus to the UN, sent a letter to the UN Secretary-General Antonio Guterres, protesting Turkish violations, it was announced Friday.
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