By Lukman Otunuga, Research Analyst at FXTM A sense of anxiety continues to loom over global markets with investor unease reaching new heights as the Brexit saga finally draws to an end with less than twenty-four hours till the vote. Market sensitivity caused by the unknown impact that a Brexit would have on the global
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Over a third of German manufacturers fear that a Brexit will negatively impact their business. The exact figure is 38%, according to data released by the Ifo Institute on Wednesday. 61% of the manufacturers surveyed, by contrast, expect a Brexit to have no effect on their activities, while just 1% expects its impact to be
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British politicians from the major political parties addressed a UK Cypriot audience at the Greek Cypriot Brotherhood, in north London, last week in a remain campaign event organised by the National Federation of Cypriots in the UK and the European Movement ahead of the June 23 referendum. The open meeting was attended by the
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. As tragic as the forest fires of the past few days have been, with a long-term impact on the environment and the rural economy, Cyprus has an opportunity to heed to earlier warnings and start working to build a sustainable economy out of the ashes. It is clear that the NIMBY syndrome (not
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. * Historic vote is just hours away and already this is a Category 5 storm in the making * By Oren Laurent President, Banc De Binary The world is watching with baited breath as Britons prepare to vote on Thursday, June 23. The upcoming referendum is proving to be the most divisive of all
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A total of 1.35 bln euros have been earmarked for Cyprus from EU funds for the 2014-2020 period, Head of the EU Representation in Cyprus, Georgios Markopouliotis told a seminar on the EU competitive “Creative Europe” programme. The evnt, held at the EU House in Nicosia, aimed to inform citizens and organisations to effectively
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Future income from hydrocarbon exploitation with Cyprus’ Exclusive Economic Zone (EEZ) will be invested to reduce public debt and for “safe” investments abroad according to a bill for the establishment of National Investment Fund approved by the Council of Ministers. As Finance Minister Harris Georghiades said after Monday’s Council of Ministers meeting, at the
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Just as the government said its plan to hire 3,000 career soldiers to relieve the unemployment problem, EU statistics showed that employment rose by 0.3% in the first quarter, at the same pace as both the Eurozone and the EU28. Year-on-year, employment rose by 1.6%, according to Eurostat. In the fourth quarter of 2015,
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Industrial production increased in March by 0.9% compared to February and by 7.8% on an annual basis. In April, compared with March, seasonally adjusted industrial production rose by 1.1% in the euro area and by 1.3% in the EU28, according to estimates from Eurostat, the statistical office of the European Union. In March, industrial
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Cyprus granted citizenship to 2,277 individuals in 2014, according to Eurostat, out of whom 27.1% came from Russia 15.5% from Greece and 15.1% from the United Kingdom. Eurostat reported that of the 2,277 individuals, 33% were already citizens of another member state, while 67% were not. In 2014, around 890,000 persons acquired citizenship of
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